Alpine Income Property Trust, Inc. (NYSE:PINE) Plans $0.29 Quarterly Dividend

Alpine Income Property Trust, Inc. (NYSE:PINE) announced a quarterly dividend on Tuesday, November 18th. Investors of record on Thursday, December 11th will be given a dividend of 0.285 per share on Wednesday, December 31st. This represents a c) dividend on an annualized basis and a dividend yield of 6.8%. The ex-dividend date is Thursday, December 11th.

Alpine Income Property Trust has raised its dividend by an average of 0.8%annually over the last three years and has raised its dividend annually for the last 3 consecutive years. Alpine Income Property Trust has a dividend payout ratio of 3,800.0% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Alpine Income Property Trust to earn $1.73 per share next year, which means the company should continue to be able to cover its $1.14 annual dividend with an expected future payout ratio of 65.9%.

Alpine Income Property Trust Stock Performance

Shares of PINE stock opened at $16.65 on Wednesday. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.74 and a current ratio of 0.74. The stock has a market cap of $235.82 million, a PE ratio of -47.37, a P/E/G ratio of 1.50 and a beta of 0.64. Alpine Income Property Trust has a 1 year low of $13.10 and a 1 year high of $18.24. The stock has a fifty day moving average price of $14.51 and a 200 day moving average price of $14.74.

Alpine Income Property Trust (NYSE:PINE) last announced its earnings results on Thursday, October 23rd. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.52). The business had revenue of $14.56 million for the quarter, compared to analyst estimates of $14.67 million. Alpine Income Property Trust had a negative return on equity of 1.96% and a negative net margin of 8.86%. Alpine Income Property Trust has set its FY 2025 guidance at 1.820-1.850 EPS. Sell-side analysts forecast that Alpine Income Property Trust will post 1.74 earnings per share for the current fiscal year.

About Alpine Income Property Trust

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.