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

Posted by on Jul 13th, 2023

Alpine Income Property Trust (NYSE:PINE – Get Free Report) will be releasing its earnings data after the market closes on Thursday, July 20th. Analysts expect Alpine Income Property Trust to post earnings of $0.37 per share 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 Down 0.2 %

NYSE:PINE opened at $16.31 on Thursday. The company has a market capitalization of $229.48 million, a price-to-earnings ratio of 7.03, a price-to-earnings-growth ratio of 1.77 and a beta of 0.81. Alpine Income Property Trust has a one year low of $15.03 and a one year high of $20.79. The stock has a 50-day simple moving average of $15.91 and a 200 day simple moving average of $17.25. The company has a debt-to-equity ratio of 0.82, a quick ratio of 11.14 and a current ratio of 11.14.

Alpine Income Property Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 30th. Shareholders of record on Thursday, June 8th were issued a $0.275 dividend. The ex-dividend date of this dividend was Wednesday, June 7th. This represents a $1.10 dividend on an annualized basis and a yield of 6.74%. Alpine Income Property Trust’s dividend payout ratio is currently 47.41%.

Insider Activity

In other Alpine Income Property Trust news, Director Mark Okey Decker, Jr. purchased 2,000 shares of the business’s stock in a transaction dated Wednesday, April 26th. The shares were bought at an average price of $15.60 per share, with a total value of $31,200.00. Following the completion of the acquisition, the director now owns 20,028 shares in the company, valued at approximately $312,436.80. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, Director Mark Okey Decker, Jr. bought 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 26th. The shares were purchased at an average price of $15.60 per share, with a total value of $31,200.00. Following the completion of the acquisition, the director now directly owns 20,028 shares in the company, valued at $312,436.80. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO John P. Albright bought 4,255 shares of the company’s stock in a transaction that occurred on Friday, June 2nd. The shares were purchased at an average cost of $16.14 per share, for a total transaction of $68,675.70. Following the acquisition, the chief executive officer now owns 7,199 shares of the company’s stock, valued at $116,191.86. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 7,000 shares of company stock valued at $111,982. Insiders own 0.55% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in Alpine Income Property Trust by 27.0% during the first quarter. Vanguard Group Inc. now owns 555,748 shares of the company’s stock valued at $10,448,000 after buying an additional 118,120 shares during the period. Ancora Advisors LLC increased its holdings in shares of Alpine Income Property Trust by 34.9% in the 1st quarter. Ancora Advisors LLC now owns 433,370 shares of the company’s stock valued at $7,294,000 after purchasing an additional 112,000 shares during the period. Two Sigma Investments LP lifted its position in shares of Alpine Income Property Trust by 338.0% in the fourth quarter. Two Sigma Investments LP now owns 193,711 shares of the company’s stock worth $3,696,000 after purchasing an additional 149,482 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of Alpine Income Property Trust by 49.8% during the first quarter. BlackRock Inc. now owns 180,683 shares of the company’s stock worth $3,041,000 after purchasing an additional 60,030 shares during the period. Finally, Renaissance Technologies LLC grew its position in Alpine Income Property Trust by 215.5% during the fourth quarter. Renaissance Technologies LLC now owns 180,100 shares of the company’s stock valued at $3,436,000 after purchasing an additional 123,022 shares in the last quarter. Institutional investors and hedge funds own 75.42% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. EF Hutton Acquisition Co. I reissued a “buy” rating and issued a $23.00 target price on shares of Alpine Income Property Trust in a report on Friday, April 21st. Raymond James cut their target price on shares of Alpine Income Property Trust from $21.00 to $20.00 and set an “outperform” rating on the stock in a report on Thursday, April 6th. Stifel Nicolaus cut their target price on shares of Alpine Income Property Trust from $21.25 to $20.00 and set a “buy” rating on the stock in a report on Friday, April 21st. Finally, Truist Financial cut their target price on shares of Alpine Income Property Trust from $19.00 to $17.00 in a report on Friday, June 9th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $20.83.

Alpine Income Property Trust Company Profile

(Get Free Report)

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 commercial income properties that are predominately leased to high-quality publicly traded and credit-rated tenants.

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

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