Alpine Income Property Trust (NYSE:PINE) Releases Quarterly Earnings Results, Misses Expectations By $0.02 EPS

Alpine Income Property Trust (NYSE:PINE) announced its quarterly earnings data on Thursday. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.02), FiscalAI reports. Alpine Income Property Trust had a negative return on equity of 1.00% and a negative net margin of 4.39%.The business had revenue of $18.41 million for the quarter, compared to the consensus estimate of $17.62 million. Alpine Income Property Trust updated its FY 2026 guidance to 2.110-2.150 EPS.

Alpine Income Property Trust Price Performance

Shares of PINE opened at $19.61 on Friday. Alpine Income Property Trust has a 12-month low of $13.10 and a 12-month high of $20.80. The business has a 50-day simple moving average of $19.22 and a two-hundred day simple moving average of $17.39. The company has a quick ratio of 4.95, a current ratio of 4.95 and a debt-to-equity ratio of 1.25. The stock has a market cap of $321.24 million, a PE ratio of -85.27, a PEG ratio of 1.31 and a beta of 0.58.

Alpine Income Property Trust Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 12th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 6.1%. The ex-dividend date of this dividend was Thursday, March 12th. This is a boost from Alpine Income Property Trust’s previous quarterly dividend of $0.29. Alpine Income Property Trust’s payout ratio is currently -521.74%.

Insider Transactions at Alpine Income Property Trust

In other Alpine Income Property Trust news, Director Andrew C. Richardson sold 2,750 shares of the company’s stock in a transaction dated Tuesday, March 31st. The stock was sold at an average price of $18.14, for a total value of $49,885.00. Following the completion of the transaction, the director owned 16,444 shares of the company’s stock, valued at $298,294.16. This represents a 14.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Alpine Income Property Trust

Institutional investors and hedge funds have recently made changes to their positions in the stock. Triumph Capital Management acquired a new stake in shares of Alpine Income Property Trust in the fourth quarter valued at about $33,000. Strs Ohio acquired a new stake in shares of Alpine Income Property Trust in the first quarter valued at about $42,000. PNC Financial Services Group Inc. increased its stake in shares of Alpine Income Property Trust by 74.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 4,097 shares of the company’s stock valued at $69,000 after buying an additional 1,746 shares during the period. Royal Bank of Canada increased its stake in shares of Alpine Income Property Trust by 36.3% in the fourth quarter. Royal Bank of Canada now owns 5,134 shares of the company’s stock valued at $86,000 after buying an additional 1,366 shares during the period. Finally, BNP Paribas Financial Markets increased its stake in shares of Alpine Income Property Trust by 197.5% in the third quarter. BNP Paribas Financial Markets now owns 6,677 shares of the company’s stock valued at $95,000 after buying an additional 4,433 shares during the period. Institutional investors and hedge funds own 60.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on PINE. Stifel Nicolaus upped their price objective on Alpine Income Property Trust from $19.00 to $20.50 and gave the stock a “buy” rating in a research report on Friday, February 6th. Wall Street Zen raised Alpine Income Property Trust from a “sell” rating to a “hold” rating in a report on Saturday, February 7th. Truist Financial upped their target price on Alpine Income Property Trust from $18.00 to $21.00 and gave the stock a “hold” rating in a report on Wednesday, February 18th. Raymond James Financial raised Alpine Income Property Trust from an “outperform” rating to a “strong-buy” rating and set a $22.00 target price for the company in a report on Tuesday, March 17th. Finally, Cantor Fitzgerald raised Alpine Income Property Trust to a “strong-buy” rating in a report on Wednesday, February 4th. Three equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $20.21.

Alpine Income Property Trust Company Profile

Alpine Income Property Trust, Inc is a publicly traded real estate investment trust that specializes in acquiring, owning and managing single-tenant net lease properties. The company focuses on sale-leaseback and build-to-suit transactions with food and beverage companies, targeting facilities that support production, distribution and processing operations. By structuring long-term, triple-net leases, Alpine Income Property Trust seeks to deliver stable, predictable cash flow while allowing tenants to unlock capital from real estate assets and reinvest in their core businesses.

The company’s portfolio is diversified across multiple U.S.