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

Alpine Income Property Trust (NYSE:PINE) is set to post its quarterly earnings results after the market closes on Thursday, October 17th. Analysts expect Alpine Income Property Trust to post earnings of $0.40 per share for the quarter. Alpine Income Property Trust has set its FY 2024 guidance at 1.600-1.640 EPS.Persons interested in listening to the company’s earnings conference call can do so using this link.

Alpine Income Property Trust (NYSE:PINE) last issued its quarterly earnings results on Thursday, July 18th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.38). 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 $12.49 million for the quarter, compared to the consensus estimate of $12.10 million. During the same period in the previous year, the business posted $0.37 earnings per share. On average, analysts expect Alpine Income Property Trust to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Alpine Income Property Trust Price Performance

NYSE:PINE opened at $17.22 on Tuesday. 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 price is $17.97 and its 200 day moving average price is $16.44. Alpine Income Property Trust has a 52-week low of $14.25 and a 52-week high of $19.42. The firm has a market cap of $234.59 million, a P/E ratio of -430.50, a PEG ratio of 1.76 and a beta of 0.80.

Alpine Income Property Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 12th were paid a $0.28 dividend. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $1.12 annualized dividend and a dividend yield of 6.50%. This is a boost from Alpine Income Property Trust’s previous quarterly dividend of $0.28. Alpine Income Property Trust’s payout ratio is currently -2,800.00%.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Truist Financial increased their target price on shares of Alpine Income Property Trust from $16.00 to $18.00 and gave the company a “hold” rating in a research note on Tuesday, July 30th. Stifel Nicolaus raised their price objective on Alpine Income Property Trust from $18.00 to $19.25 and gave the stock a “buy” rating in a research note on Friday, July 19th. B. Riley reaffirmed a “buy” rating and set a $20.00 target price (up from $19.50) on shares of Alpine Income Property Trust in a research report on Wednesday, July 24th. Raymond James upped their target price on Alpine Income Property Trust from $18.00 to $19.00 and gave the company an “outperform” rating in a report on Wednesday, August 21st. Finally, UBS Group began coverage on Alpine Income Property Trust in a report on Monday. They set a “neutral” rating and a $19.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $18.91.

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.