Alpine Income Property Trust (NYSE:PINE – Get Rating) will announce its results after market close on Thursday, April 21. Analysts expect the company to report earnings of $0.43 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.
Alpine Income Property Trust (NYSE:PINE – Get Rating) last released its quarterly results on Wednesday, February 9. The company reported earnings per share of $0.03 for the quarter, missing analyst consensus estimates of $0.35 per ($0.32). Alpine Income Property Trust had a return on equity of 4.86% and a net margin of 33.07%. During the same period last year, the company posted EPS of $0.36. On average, analysts expect Alpine Income Property Trust to post EPS of $2 for the current fiscal year and EPS of $2 for the next fiscal year.
NYSE:PINE opened at $18.19 on Thursday. Alpine Income Property Trust has a 12-month low of $17.30 and a 12-month high of $21.07. The company has a quick ratio of 4.02, a current ratio of 4.02 and a debt ratio of 1.17. The company has a 50-day moving average price of $18.90 and a two-hundred-day moving average price of $18.93. The company has a market capitalization of $213.42 million, a P/E ratio of 23.03, a price-to-earnings growth ratio of 1.95 and a beta of 0.90.
The company also recently declared a quarterly dividend, which was paid on Thursday, March 31. Shareholders of record on Thursday, March 10 received a dividend of $0.27 per share. This represents a dividend of $1.08 on an annualized basis and a yield of 5.94%. The ex-dividend date was Wednesday, March 9. The dividend payout ratio (DPR) of Alpine Income Property Trust is currently 136.71%.
A number of stock analysts have weighed in on PINE shares. Zacks Investment Research downgraded Alpine Income Property Trust from a “buy” rating to a “hold” rating in a Wednesday, March 30 research report. Truist Financial began covering Alpine Income Property Trust in a report on Thursday January 27. They issued a “holding” rating and a price target of $20.00 for the company. Finally, Jonestrading began covering Alpine Income Property Trust in a report on Wednesday February 2. They issued a “buy” rating and a price target of $23.00 for the company. Two equity research analysts gave the stock a hold rating and four gave the company a buy rating. Based on MarketBeat data, Alpine Income Property Trust has an average rating of “Buy” and a consensus target price of $20.92.
In other news from Alpine Income Property Trust, SVP Daniel Earl Smith purchased 2,000 shares of the company in a transaction that took place on Thursday, March 24. The shares were acquired at an average price of $18.60 per share, for a total transaction of $37,200.00. The acquisition was disclosed in a filing with the SEC, which is available on the SEC’s website. Additionally, major shareholder Cto Realty Growth, Inc. purchased 9,551 shares of the company in a transaction that took place on Wednesday, April 13. The stock was acquired at an average price of $18.26 per share, for a total transaction of $174,401.26. Following the purchase, the insider now owns 855,939 shares of the company, valued at approximately $15,629,446.14. Disclosure of this purchase can be found here. In the past three months, insiders have purchased 20,242 shares of the company valued at $371,264. 0.29% of the shares are currently held by insiders.
Hedge funds have recently been buying and selling shares of the company. JPMorgan Chase & Co. bought a new position in Alpine Income Property Trust during Q4 worth $58,000. Royal Bank of Canada increased its position in shares of Alpine Income Property Trust by 17.0% in the second quarter. Royal Bank of Canada now owns 9,116 shares of the company worth $173,000 after purchasing an additional 1,327 shares during the period. Morgan Stanley increased its stake in Alpine Income Property Trust by 136.7% in the second quarter. Morgan Stanley now owns 9,864 shares of the company valued at $188,000 after buying an additional 5,697 shares last quarter. Dimensional Fund Advisors LP acquired a new stake in Alpine Income Property Trust in the fourth quarter, valued at approximately $227,000. Finally, Penserra Capital Management LLC increased its stake in Alpine Income Property Trust by 167.6% in the fourth quarter. Penserra Capital Management LLC now owns 12,579 shares of the company valued at $252,000 after purchasing an additional 7,879 shares last quarter. Hedge funds and other institutional investors hold 55.19% of the company’s shares.
About Alpine Income Property Trust (Get a rating)
Alpine Income Property Trust, Inc. (NYSE: PINE) is a publicly traded real estate investment trust that acquires, owns and operates a portfolio of high-quality, single-tenant commercial income properties.
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