B. Riley Has Negative Estimate for PINE FY2024 Earnings

Alpine Income Property Trust, Inc. (NYSE:PINE - Free Report) - Analysts at B. Riley lowered their FY2024 EPS estimates for Alpine Income Property Trust in a report released on Wednesday, February 5th. B. Riley analyst J. Massocca now expects that the company will post earnings of $1.72 per share for the year, down from their previous estimate of $1.73. The consensus estimate for Alpine Income Property Trust's current full-year earnings is $1.78 per share. B. Riley also issued estimates for Alpine Income Property Trust's Q4 2024 earnings at $0.44 EPS, Q1 2025 earnings at $0.45 EPS, Q2 2025 earnings at $0.46 EPS, Q3 2025 earnings at $0.45 EPS, Q4 2025 earnings at $0.44 EPS, FY2025 earnings at $1.80 EPS and FY2026 earnings at $1.71 EPS.

Alpine Income Property Trust (NYSE:PINE - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.40. Alpine Income Property Trust had a net margin of 3.96% and a return on equity of 0.76%.

Several other equities analysts have also recently commented on the stock. Stifel Nicolaus boosted their price target on shares of Alpine Income Property Trust from $19.75 to $20.25 and gave the company a "buy" rating in a report on Monday, October 21st. Robert W. Baird boosted their price target on shares of Alpine Income Property Trust from $18.00 to $19.00 and gave the company an "outperform" rating in a report on Monday, October 21st. Finally, Alliance Global Partners boosted their price target on shares of Alpine Income Property Trust from $20.00 to $21.00 and gave the company a "buy" rating in a report on Friday, October 18th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $19.25.

Alpine Income Property Trust Trading Up 0.5 %

NYSE PINE traded up $0.09 on Monday, hitting $16.53. 93,295 shares of the stock were exchanged, compared to its average volume of 99,276. Alpine Income Property Trust has a 52-week low of $14.32 and a 52-week high of $19.42. The company has a debt-to-equity ratio of 1.03, a current ratio of 3.85 and a quick ratio of 3.85. The company has a market capitalization of $235.81 million, a price-to-earnings ratio of 118.04, a P/E/G ratio of 1.61 and a beta of 0.80. The company's 50-day moving average price is $16.78 and its two-hundred day moving average price is $17.49.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Marshall Wace LLP increased its holdings in shares of Alpine Income Property Trust by 32.3% during the 4th quarter. Marshall Wace LLP now owns 52,557 shares of the company's stock worth $882,000 after purchasing an additional 12,843 shares during the period. Jump Financial LLC increased its stake in Alpine Income Property Trust by 22.6% in the fourth quarter. Jump Financial LLC now owns 12,752 shares of the company's stock valued at $214,000 after acquiring an additional 2,348 shares during the period. Barclays PLC increased its stake in Alpine Income Property Trust by 22.9% in the fourth quarter. Barclays PLC now owns 20,173 shares of the company's stock valued at $339,000 after acquiring an additional 3,762 shares during the period. LSV Asset Management increased its stake in Alpine Income Property Trust by 24.7% in the fourth quarter. LSV Asset Management now owns 51,568 shares of the company's stock valued at $866,000 after acquiring an additional 10,200 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in Alpine Income Property Trust in the fourth quarter valued at about $2,130,000. Institutional investors own 60.50% of the company's stock.

Insider Activity at Alpine Income Property Trust

In other Alpine Income Property Trust news, Director Wein Rachel Elias sold 2,000 shares of the business's stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $18.00, for a total transaction of $36,000.00. Following the completion of the transaction, the director now owns 9,492 shares of the company's stock, valued at $170,856. The trade was a 17.40 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.74% of the stock is owned by company insiders.

Alpine Income Property Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 13th will be paid a $0.285 dividend. This represents a $1.14 annualized dividend and a dividend yield of 6.90%. The ex-dividend date of this dividend is Thursday, March 13th. This is a positive change from Alpine Income Property Trust's previous quarterly dividend of $0.28. Alpine Income Property Trust's payout ratio is presently 800.00%.

Alpine Income Property Trust Company Profile

Alpine Income Property Trust, Inc NYSE: PINE is a publicly traded real estate investment trust that seeks to deliver attractive risk-adjusted returns and dependable cash dividends by investing in, owning and operating a portfolio of single tenant net leased properties that are predominately leased to high-quality publicly traded and credit-rated tenants.