FY2024 EPS Estimates for Alpine Income Property Trust, Inc. Cut by B. Riley (NYSE:PINE)

Alpine Income Property Trust, Inc. (NYSE:PINE) – Equities research analysts at B. Riley decreased their FY2024 earnings estimates for shares of Alpine Income Property Trust in a research note issued on Thursday, April 18th. B. Riley analyst J. Massocca now expects that the company will earn $1.53 per share for the year, down from their prior estimate of $1.57. The consensus estimate for Alpine Income Property Trust’s current full-year earnings is $1.56 per share.

Several other equities research analysts have also recently issued reports on PINE. Alliance Global Partners assumed coverage on shares of Alpine Income Property Trust in a research note on Thursday, April 11th. They set a “buy” rating and a $19.00 price target on the stock. BTIG Research decreased their price target on shares of Alpine Income Property Trust from $23.00 to $19.00 and set a “buy” rating on the stock in a research note on Monday. Jonestrading decreased their price target on shares of Alpine Income Property Trust from $19.00 to $18.00 and set a “buy” rating on the stock in a research note on Friday, April 19th. Finally, Stifel Nicolaus cut their price objective on shares of Alpine Income Property Trust from $19.00 to $18.75 and set a “buy” rating on the stock in a report on Friday, April 19th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Alpine Income Property Trust presently has an average rating of “Buy” and an average target price of $18.35.

Alpine Income Property Trust Price Performance

Shares of NYSE PINE opened at $15.42 on Monday. Alpine Income Property Trust has a 52 week low of $14.25 and a 52 week high of $17.72. The stock has a market cap of $210.02 million, a price-to-earnings ratio of -385.50, a PEG ratio of 1.59 and a beta of 0.80. The company’s 50-day moving average price is $15.43 and its 200 day moving average price is $15.91. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 1.00.

Alpine Income Property Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were issued a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 7.13%. The ex-dividend date was Wednesday, March 13th. Alpine Income Property Trust’s payout ratio is -2,750.00%.

Institutional Trading of Alpine Income Property Trust

Large investors have recently modified their holdings of the business. Sound Income Strategies LLC grew its position in shares of Alpine Income Property Trust by 13.9% during the first quarter. Sound Income Strategies LLC now owns 654,044 shares of the company’s stock worth $9,994,000 after buying an additional 79,969 shares in the last quarter. State of New Jersey Common Pension Fund D grew its stake in Alpine Income Property Trust by 4.7% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 223,000 shares of the company’s stock worth $3,771,000 after purchasing an additional 10,000 shares in the last quarter. Deroy & Devereaux Private Investment Counsel Inc. grew its stake in Alpine Income Property Trust by 0.7% in the third quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 210,880 shares of the company’s stock worth $3,450,000 after purchasing an additional 1,485 shares in the last quarter. Truvestments Capital LLC grew its stake in Alpine Income Property Trust by 2.1% in the third quarter. Truvestments Capital LLC now owns 114,343 shares of the company’s stock worth $1,871,000 after purchasing an additional 2,392 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in Alpine Income Property Trust by 6.5% in the third quarter. Bank of New York Mellon Corp now owns 111,337 shares of the company’s stock worth $1,821,000 after purchasing an additional 6,756 shares in the last quarter. 60.50% of the stock is currently owned by institutional investors and hedge funds.

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.