Alpine Income Property Trust (PINE) Set to Announce Earnings on Thursday

Alpine Income Property Trust (NYSE:PINE) will be posting its quarterly earnings results after the market closes on Thursday, April 18th. Analysts expect Alpine Income Property Trust to post earnings of $0.38 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Alpine Income Property Trust Stock Up 0.2 %

PINE stock opened at $15.26 on Tuesday. Alpine Income Property Trust has a twelve month low of $14.25 and a twelve month high of $17.72. The company has a quick ratio of 2.64, a current ratio of 2.64 and a debt-to-equity ratio of 1.00. The stock’s 50 day moving average is $15.49 and its 200-day moving average is $15.97. The firm has a market capitalization of $207.84 million, a PE ratio of 80.32, a P/E/G ratio of 1.64 and a beta of 0.80.

Alpine Income Property Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were issued a dividend of $0.275 per share. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $1.10 dividend on an annualized basis and a yield of 7.21%. Alpine Income Property Trust’s dividend payout ratio (DPR) is currently 578.98%.

Hedge Funds Weigh In On Alpine Income Property Trust

Hedge funds have recently made changes to their positions in the stock. BlackRock Inc. lifted its stake in Alpine Income Property Trust by 359.8% during the second quarter. BlackRock Inc. now owns 830,771 shares of the company’s stock worth $13,500,000 after purchasing an additional 650,088 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Alpine Income Property Trust by 143.2% in the 2nd quarter. Geode Capital Management LLC now owns 287,583 shares of the company’s stock valued at $4,673,000 after acquiring an additional 169,341 shares during the last quarter. Two Sigma Investments LP lifted its stake in shares of Alpine Income Property Trust by 338.0% in the 4th quarter. Two Sigma Investments LP now owns 193,711 shares of the company’s stock valued at $3,696,000 after acquiring an additional 149,482 shares during the last quarter. Renaissance Technologies LLC lifted its stake in shares of Alpine Income Property Trust by 215.5% in the 4th quarter. Renaissance Technologies LLC now owns 180,100 shares of the company’s stock valued at $3,436,000 after acquiring an additional 123,022 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in Alpine Income Property Trust by 27.0% during the 1st quarter. Vanguard Group Inc. now owns 555,748 shares of the company’s stock valued at $10,448,000 after purchasing an additional 118,120 shares during the period. 60.50% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Alliance Global Partners assumed coverage on Alpine Income Property Trust in a report on Thursday, April 11th. They set a “buy” rating and a $19.00 price target on the stock. Jonestrading decreased their target price on Alpine Income Property Trust from $20.00 to $19.00 and set a “buy” rating for the company in a research report on Monday, February 12th. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, Alpine Income Property Trust presently has an average rating of “Buy” and an average target price of $19.60.

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.