Alpine Income Property Trust (PINE) Projected to Post Earnings on Thursday

Alpine Income Property Trust (NYSE:PINE) is expected to be releasing its earnings data after the market closes on Thursday, February 6th. Analysts expect Alpine Income Property Trust to post earnings of $0.04 per share and revenue of $13.21 million for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Alpine Income Property Trust Stock Up 0.3 %

PINE opened at $17.05 on Wednesday. The business has a 50 day moving average of $16.95 and a 200-day moving average of $17.52. The stock has a market capitalization of $243.30 million, a price-to-earnings ratio of 77.50, a P/E/G ratio of 1.58 and a beta of 0.80. The company has a current ratio of 3.85, a quick ratio of 3.85 and a debt-to-equity ratio of 1.03. Alpine Income Property Trust has a 1-year low of $14.32 and a 1-year high of $19.42.

Alpine Income Property Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Thursday, December 12th were issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 6.57%. The ex-dividend date of this dividend was Thursday, December 12th. Alpine Income Property Trust’s dividend payout ratio (DPR) is presently 509.11%.

Insider Buying and Selling at Alpine Income Property Trust

In other news, Director Wein Rachel Elias sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $18.00, for a total transaction of $36,000.00. Following the completion of the sale, the director now owns 9,492 shares of the company’s stock, valued at approximately $170,856. This trade represents a 17.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.74% of the company’s stock.

Wall Street Analysts Forecast Growth

PINE has been the topic of several research reports. Alliance Global Partners boosted their price objective on shares of Alpine Income Property Trust from $20.00 to $21.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Robert W. Baird upped their price target on Alpine Income Property Trust from $18.00 to $19.00 and gave the company an “outperform” rating in a report on Monday, October 21st. UBS Group initiated coverage on Alpine Income Property Trust in a report on Monday, October 14th. They set a “neutral” rating and a $19.00 price objective on the stock. Finally, Stifel Nicolaus raised their target price on Alpine Income Property Trust from $19.75 to $20.25 and gave the stock a “buy” rating in a research report on Monday, October 21st. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $19.25.

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.