Alpine Income Property Trust (NYSE:PINE) Posts Earnings Results, Beats Expectations By $0.40 EPS

Alpine Income Property Trust (NYSE:PINE) announced its quarterly earnings results on Thursday. The company reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.40, Zacks reports. Alpine Income Property Trust had a return on equity of 1.23% and a net margin of 6.72%. Alpine Income Property Trust updated its FY 2025 guidance to 1.700-1.730 EPS.

Alpine Income Property Trust Price Performance

Shares of PINE traded down $0.10 during trading hours on Thursday, hitting $17.22. 100,502 shares of the company were exchanged, compared to its average volume of 89,246. The company has a market capitalization of $245.76 million, a PE ratio of 78.29, a PEG ratio of 1.58 and a beta of 0.80. 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 firm has a fifty day simple moving average of $16.92 and a 200-day simple moving average of $17.52. Alpine Income Property Trust has a one year low of $14.32 and a one year high of $19.42.

Alpine Income Property Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Thursday, December 12th were paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 6.50%. The ex-dividend date was Thursday, December 12th. Alpine Income Property Trust’s dividend payout ratio is presently 509.11%.

Insider Transactions at Alpine Income Property Trust

In other news, Director Wein Rachel Elias sold 2,000 shares of the firm’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $18.00, for a total value of $36,000.00. Following the completion of the sale, the director now owns 9,492 shares of the company’s stock, valued at $170,856. This trade represents a 17.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.74% of the company’s stock.

Analyst Ratings Changes

PINE has been the topic of a number of research reports. Alliance Global Partners increased their price target on Alpine Income Property Trust from $20.00 to $21.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. UBS Group began coverage on Alpine Income Property Trust in a research report on Monday, October 14th. They issued a “neutral” rating and a $19.00 target price on the stock. Stifel Nicolaus raised their target price on Alpine Income Property Trust from $19.75 to $20.25 and gave the company a “buy” rating in a research report on Monday, October 21st. Finally, Robert W. Baird raised their target price on Alpine Income Property Trust from $18.00 to $19.00 and gave the company an “outperform” rating in a research report on Monday, October 21st. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $19.25.

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.