Alpine Income Property Trust (NYSE:PINE – Get Free Report) released its quarterly earnings data on Thursday. The company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.19), Yahoo Finance reports. Alpine Income Property Trust had a negative net margin of 1.16% and a negative return on equity of 0.20%. The firm had revenue of $13.48 million during the quarter, compared to analysts’ expectations of $12.08 million. During the same period in the previous year, the business earned $0.37 earnings per share. Alpine Income Property Trust updated its FY 2024 guidance to 1.670-1.690 EPS.
Alpine Income Property Trust Trading Up 4.2 %
NYSE:PINE opened at $18.41 on Friday. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.00. The business’s 50 day moving average is $18.04 and its two-hundred day moving average is $16.49. Alpine Income Property Trust has a 52 week low of $14.25 and a 52 week high of $19.42. The company has a market cap of $250.93 million, a PE ratio of -460.25, a P/E/G ratio of 1.74 and a beta of 0.80.
Alpine Income Property Trust Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 12th were issued a $0.28 dividend. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $1.12 dividend on an annualized basis and a yield of 6.08%. This is an increase from Alpine Income Property Trust’s previous quarterly dividend of $0.28. Alpine Income Property Trust’s dividend payout ratio is currently -2,800.00%.
Analysts Set New Price Targets
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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.
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