Q3 2024 EPS Estimates for Alpine Income Property Trust, Inc. Increased by B. Riley (NYSE:PINE)

Alpine Income Property Trust, Inc. (NYSE:PINE) – Equities research analysts at B. Riley increased their Q3 2024 earnings per share estimates for shares of Alpine Income Property Trust in a research report issued to clients and investors on Wednesday, July 24th. B. Riley analyst J. Massocca now forecasts that the company will earn $0.40 per share for the quarter, up from their prior estimate of $0.39. B. Riley has a “Buy” rating and a $20.00 price objective on the stock. The consensus estimate for Alpine Income Property Trust’s current full-year earnings is $1.63 per share. B. Riley also issued estimates for Alpine Income Property Trust’s FY2024 earnings at $1.64 EPS, Q2 2025 earnings at $0.41 EPS, Q4 2025 earnings at $0.41 EPS, FY2025 earnings at $1.64 EPS and FY2026 earnings at $1.56 EPS.

A number of other analysts have also commented on the stock. BTIG Research cut their price objective on shares of Alpine Income Property Trust from $23.00 to $19.00 and set a “buy” rating on the stock in a research report on Monday, April 22nd. Jonestrading reduced their price target on Alpine Income Property Trust from $19.00 to $18.00 and set a “buy” rating for the company in a research report on Friday, April 19th. Stifel Nicolaus raised their target price on shares of Alpine Income Property Trust from $18.00 to $19.25 and gave the company a “buy” rating in a research note on Friday, July 19th. Finally, Alliance Global Partners initiated coverage on shares of Alpine Income Property Trust in a research report on Thursday, April 11th. They set a “buy” rating and a $19.00 price target on the stock. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $19.05.

Alpine Income Property Trust Trading Up 0.2 %

NYSE:PINE opened at $17.20 on Thursday. The company has a market cap of $234.44 million, a P/E ratio of -430.00, a price-to-earnings-growth ratio of 1.74 and a beta of 0.79. Alpine Income Property Trust has a twelve month low of $14.25 and a twelve month high of $17.72. The business has a 50 day moving average price of $15.67 and a two-hundred day moving average price of $15.57. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.00.

Alpine Income Property Trust (NYSE:PINE) last posted its quarterly earnings data on Thursday, July 18th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.38). Alpine Income Property Trust had a negative return on equity of 0.20% and a negative net margin of 1.16%. The firm had revenue of $12.49 million for the quarter, compared to the consensus estimate of $12.10 million. During the same quarter in the previous year, the business posted $0.37 earnings per share.

Institutional Trading of Alpine Income Property Trust

Several hedge funds and other institutional investors have recently modified their holdings of PINE. Tidal Investments LLC raised its holdings in Alpine Income Property Trust by 5.8% in the 1st quarter. Tidal Investments LLC now owns 19,466 shares of the company’s stock valued at $297,000 after acquiring an additional 1,064 shares during the period. Guardian Wealth Management Inc. grew its position in shares of Alpine Income Property Trust by 3.0% in the fourth quarter. Guardian Wealth Management Inc. now owns 38,927 shares of the company’s stock valued at $658,000 after purchasing an additional 1,138 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in shares of Alpine Income Property Trust by 312.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,910 shares of the company’s stock worth $49,000 after purchasing an additional 2,205 shares during the period. Bank of New York Mellon Corp lifted its holdings in Alpine Income Property Trust by 5.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 94,923 shares of the company’s stock worth $1,477,000 after purchasing an additional 4,723 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in Alpine Income Property Trust by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 755,563 shares of the company’s stock valued at $11,545,000 after purchasing an additional 6,522 shares during the period. Institutional investors own 60.50% of the company’s stock.

Insider Transactions at Alpine Income Property Trust

In other Alpine Income Property Trust news, major shareholder Cto Realty Growth, Inc. purchased 7,959 shares of the company’s stock in a transaction that occurred on Thursday, June 27th. The shares were acquired at an average price of $14.97 per share, for a total transaction of $119,146.23. Following the purchase, the insider now owns 190,094 shares in the company, valued at $2,845,707.18. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In the last three months, insiders acquired 21,804 shares of company stock worth $326,747. 0.74% of the stock is owned by company insiders.

Alpine Income Property Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Thursday, June 13th were given a $0.275 dividend. The ex-dividend date of this dividend was Thursday, June 13th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 6.40%. Alpine Income Property Trust’s payout ratio is -2,750.00%.

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.