Brokers Offer Predictions for Alpine Income Property Trust, Inc.’s Q1 2024 Earnings (NYSE:PINE)

Alpine Income Property Trust, Inc. (NYSE:PINEFree Report) – B. Riley reduced their Q1 2024 EPS estimates for Alpine Income Property Trust in a research report issued to clients and investors on Thursday, April 18th. B. Riley analyst J. Massocca now anticipates that the company will earn $0.38 per share for the quarter, down from their previous estimate of $0.39. The consensus estimate for Alpine Income Property Trust’s current full-year earnings is $1.55 per share. B. Riley also issued estimates for Alpine Income Property Trust’s Q2 2024 earnings at $0.38 EPS, Q3 2024 earnings at $0.38 EPS, Q4 2024 earnings at $0.39 EPS, Q1 2025 earnings at $0.40 EPS, Q2 2025 earnings at $0.40 EPS, Q3 2025 earnings at $0.39 EPS, Q4 2025 earnings at $0.40 EPS and FY2025 earnings at $1.59 EPS.

PINE has been the topic of several other reports. Stifel Nicolaus lowered their target price on shares of Alpine Income Property Trust from $19.00 to $18.75 and set a “buy” rating on the stock in a research report on Friday. Alliance Global Partners initiated coverage on shares of Alpine Income Property Trust in a research report on Thursday, April 11th. They issued a “buy” rating and a $19.00 price target on the stock. Finally, Jonestrading lowered their price target on shares of Alpine Income Property Trust from $19.00 to $18.00 and set a “buy” rating on the stock in a research report on Friday. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $19.15.

Read Our Latest Analysis on PINE

Alpine Income Property Trust Trading Up 2.2 %

Shares of PINE opened at $14.87 on Friday. The company has a current ratio of 2.64, a quick ratio of 2.64 and a debt-to-equity ratio of 1.00. The firm’s 50-day moving average is $15.45 and its two-hundred day moving average is $15.93. Alpine Income Property Trust has a twelve month low of $14.25 and a twelve month high of $17.72. The firm has a market capitalization of $202.53 million, a P/E ratio of -371.75, a PEG ratio of 1.57 and a beta of 0.80.

Alpine Income Property Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were given a $0.275 dividend. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $1.10 annualized dividend and a dividend yield of 7.40%. Alpine Income Property Trust’s dividend payout ratio is presently -2,750.00%.

Hedge Funds Weigh In On Alpine Income Property Trust

Institutional investors and hedge funds have recently modified their holdings of the company. PNC Financial Services Group Inc. purchased a new position in shares of Alpine Income Property Trust during the fourth quarter valued at approximately $26,000. State of Wyoming purchased a new position in shares of Alpine Income Property Trust during the second quarter valued at approximately $29,000. Tower Research Capital LLC TRC lifted 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 valued at $49,000 after buying an additional 2,205 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Alpine Income Property Trust by 17.5% during the fourth quarter. JPMorgan Chase & Co. now owns 4,275 shares of the company’s stock valued at $82,000 after buying an additional 636 shares during the period. Finally, Allspring Global Investments Holdings LLC purchased a new position in shares of Alpine Income Property Trust during the third quarter valued at approximately $70,000. Hedge funds and other institutional investors own 60.50% of the company’s stock.

Alpine Income Property Trust Company Profile

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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.

Further Reading

Earnings History and Estimates for Alpine Income Property Trust (NYSE:PINE)

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