Alpine Income Property Trust (PINE) to Release Quarterly Earnings on Thursday

Alpine Income Property Trust (NYSE:PINE) will likely be posting its quarterly earnings results 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 listening to the company’s earnings conference call can do so using this link.

Alpine Income Property Trust Stock Up 0.5 %

PINE opened at $16.95 on Tuesday. The company has a fifty day moving average price of $16.97 and a 200-day moving average price of $17.52. The firm has a market capitalization of $241.81 million, a P/E ratio of 77.03, a price-to-earnings-growth ratio of 1.58 and a beta of 0.80. The company has a debt-to-equity ratio of 1.03, a current ratio of 3.85 and a quick ratio of 3.85. Alpine Income Property Trust has a one year low of $14.32 and a one year high of $19.42.

Alpine Income Property Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Thursday, December 12th were paid a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 6.61%. The ex-dividend date was Thursday, December 12th. Alpine Income Property Trust’s dividend payout ratio is currently 509.11%.

Wall Street Analysts Forecast Growth

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

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 dated Friday, November 22nd. The shares were sold at an average price of $18.00, for a total value of $36,000.00. Following the sale, the director now directly owns 9,492 shares in the company, valued at approximately $170,856. This trade represents a 17.40 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.74% of the company’s stock.

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.