Alpine Income Property Trust (NYSE:PINE) Announces Earnings Results, Beats Estimates By $0.02 EPS

Alpine Income Property Trust (NYSE:PINE) announced its quarterly earnings data on Thursday. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.02, FiscalAI reports. The company had revenue of $20.00 million during the quarter, compared to analysts’ expectations of $18.85 million. Alpine Income Property Trust had a net margin of 1.09% and a return on equity of 0.25%. Alpine Income Property Trust updated its FY 2026 guidance to 2.120-2.150 EPS.

Alpine Income Property Trust Trading Down 1.4%

NYSE:PINE traded down $0.29 on Thursday, reaching $20.59. The company’s stock had a trading volume of 125,710 shares, compared to its average volume of 176,131. Alpine Income Property Trust has a 12-month low of $13.10 and a 12-month high of $21.99. The stock has a 50 day moving average price of $19.94 and a 200 day moving average price of $19.18. The firm has a market cap of $340.13 million, a price-to-earnings ratio of -228.74, a price-to-earnings-growth ratio of 1.43 and a beta of 0.54. The company has a quick ratio of 2.45, a current ratio of 2.45 and a debt-to-equity ratio of 1.08.

Alpine Income Property Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 11th were given a $0.30 dividend. The ex-dividend date was Thursday, June 11th. This represents a $1.20 dividend on an annualized basis and a yield of 5.8%. Alpine Income Property Trust’s payout ratio is currently -1,333.33%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on PINE. Weiss Ratings lowered Alpine Income Property Trust from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, July 17th. Stifel Nicolaus set a $21.50 price objective on Alpine Income Property Trust in a research note on Friday, April 24th. Zacks Research cut Alpine Income Property Trust from a “strong-buy” rating to a “hold” rating in a report on Monday, May 18th. Alliance Global Partners reaffirmed a “buy” rating on shares of Alpine Income Property Trust in a research note on Tuesday, April 28th. Finally, Truist Financial reduced their price target on Alpine Income Property Trust from $21.00 to $20.00 and set a “hold” rating on the stock in a report on Thursday, May 21st. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $21.31.

Insider Activity

In related news, Director Andrew C. Richardson sold 2,832 shares of the business’s stock in a transaction dated Thursday, June 25th. The shares were sold at an average price of $19.96, for a total value of $56,526.72. Following the sale, the director directly owned 9,544 shares in the company, valued at approximately $190,498.24. The trade was a 22.88% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Over the last three months, insiders sold 7,832 shares of company stock worth $153,097. 0.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Alpine Income Property Trust

Institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in shares of Alpine Income Property Trust by 0.7% in the 3rd quarter. Vanguard Group Inc. now owns 772,504 shares of the company’s stock worth $10,946,000 after acquiring an additional 5,681 shares during the last quarter. Invesco Ltd. increased its holdings in Alpine Income Property Trust by 1,344.2% in the 4th quarter. Invesco Ltd. now owns 441,935 shares of the company’s stock valued at $7,389,000 after purchasing an additional 411,334 shares during the last quarter. Geode Capital Management LLC raised its position in Alpine Income Property Trust by 5.8% in the second quarter. Geode Capital Management LLC now owns 327,734 shares of the company’s stock valued at $4,822,000 after purchasing an additional 17,947 shares during the period. State Street Corp lifted its stake in Alpine Income Property Trust by 0.9% during the fourth quarter. State Street Corp now owns 280,149 shares of the company’s stock worth $4,684,000 after purchasing an additional 2,534 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Alpine Income Property Trust by 19.0% during the third quarter. Dimensional Fund Advisors LP now owns 162,973 shares of the company’s stock worth $2,309,000 after purchasing an additional 25,991 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 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.