Alpine Income Property Trust, Inc. (NYSE:PINE – Get Free Report) declared a quarterly dividend on Thursday, May 21st. Stockholders of record on Thursday, June 11th will be given a dividend of 0.30 per share on Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 6.2%. The ex-dividend date is Thursday, June 11th.
Alpine Income Property Trust has increased its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 3 years. Alpine Income Property Trust has a payout ratio of 4,000.0% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Alpine Income Property Trust to earn $2.09 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 57.4%.
Alpine Income Property Trust Trading Down 0.8%
PINE opened at $19.51 on Tuesday. Alpine Income Property Trust has a twelve month low of $13.10 and a twelve month high of $20.80. The company has a quick ratio of 2.45, a current ratio of 2.45 and a debt-to-equity ratio of 1.08. The company has a fifty day moving average of $19.12 and a 200-day moving average of $18.41. The stock has a market cap of $322.34 million, a PE ratio of -216.78, a price-to-earnings-growth ratio of 1.31 and a beta of 0.56.
About Alpine Income Property Trust
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.
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