Alpine Income Property Trust, Inc. (NYSE:PINE) Receives Consensus Rating of "Moderate Buy" from Analysts

Key Points

• Analysts maintain a “Moderate Buy” consensus on Alpine Income Property Trust, with five buy ratings, two strong-buy ratings and four holds. The average 12-month price target is $21.50, above the reported share price of $17.67.
• The company exceeded quarterly expectations, reporting $0.16 earnings per share versus the $0.14 consensus estimate and revenue of $20.0 million versus the expected $18.85 million.
• Alpine increased its quarterly dividend to $0.32 per share, equivalent to a 7.2% annualized yield; however, its reported dividend payout ratio remains exceptionally high at 673.68%.

Alpine Income Property Trust, Inc. (NYSE:PINE - Get Free Report) has received a consensus rating of "Moderate Buy" from the eleven ratings firms that are presently covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $21.50.

Several research analysts recently weighed in on the company. Robert W. Baird reissued a "neutral" rating and set a $21.00 price target (up from $18.00) on shares of Alpine Income Property Trust in a research report on Monday, June 29th. Stifel Nicolaus raised their price objective on Alpine Income Property Trust from $21.50 to $22.00 and gave the stock a "buy" rating in a research report on Friday, July 24th. Huntington initiated coverage on Alpine Income Property Trust in a research note on Wednesday, July 15th. They set an "outperform" rating and a $23.00 target price on the stock. Alliance Global Partners reiterated a "buy" rating on shares of Alpine Income Property Trust in a report on Friday, July 24th. Finally, Weiss Ratings lowered shares of Alpine Income Property Trust from a "hold (c+)" rating to a "hold (c)" rating in a research report on Monday, September 21st.

Alpine Income Property Trust Stock Down 0.1%

Shares of NYSE:PINE opened at $17.67 on Monday. The firm has a 50 day simple moving average of $19.02 and a 200 day simple moving average of $19.35. Alpine Income Property Trust has a 52 week low of $13.10 and a 52 week high of $21.99. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.85 and a current ratio of 1.85. The company has a market cap of $316.79 million, a PE ratio of 92.99, a price-to-earnings-growth ratio of 1.17 and a beta of 0.56.

Alpine Income Property Trust (NYSE:PINE - Get Free Report) last posted its quarterly earnings data on Thursday, July 23rd. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.02. The firm had revenue of $20.00 million for the quarter, compared to analysts' expectations of $18.85 million. Alpine Income Property Trust had a net margin of 9.36% and a return on equity of 2.11%. Alpine Income Property Trust has set its FY 2026 guidance at 2.120-2.150 EPS. As a group, research analysts expect that Alpine Income Property Trust will post 2.16 earnings per share for the current year.

Alpine Income Property Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Thursday, September 10th were paid a $0.32 dividend. The ex-dividend date was Thursday, September 10th. This represents a $1.28 annualized dividend and a yield of 7.2%. This is a boost from Alpine Income Property Trust's previous quarterly dividend of $0.30. Alpine Income Property Trust's dividend payout ratio (DPR) is currently 673.68%.

Insider Transactions at Alpine Income Property Trust

In other Alpine Income Property Trust news, Director Andrew Richardson sold 2,000 shares of Alpine Income Property Trust stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $20.28, for a total transaction of $40,560.00. Following the completion of the sale, the director owned 8,425 shares of the company's stock, valued at $170,859. This trade represents a 19.18% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.60% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Alpine Income Property Trust

Several institutional investors and hedge funds have recently modified their holdings of PINE. Guardian Wealth Management Inc. raised its holdings in shares of Alpine Income Property Trust by 7.5% during the second quarter. Guardian Wealth Management Inc. now owns 79,412 shares of the company's stock worth $1,649,000 after acquiring an additional 5,546 shares in the last quarter. Triumph Capital Management raised its stake in shares of Alpine Income Property Trust by 11.0% during the 2nd quarter. Triumph Capital Management now owns 23,864 shares of the company's stock worth $495,000 after purchasing an additional 2,358 shares in the last quarter. Hsbc Holdings PLC lifted its holdings in shares of Alpine Income Property Trust by 28.5% during the 2nd quarter. Hsbc Holdings PLC now owns 60,957 shares of the company's stock valued at $1,267,000 after buying an additional 13,519 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of Alpine Income Property Trust during the 2nd quarter valued at about $573,000. Finally, Odyssean LLC acquired a new stake in shares of Alpine Income Property Trust during the 2nd quarter valued at about $467,000. 60.50% of the stock is currently owned by hedge funds and other institutional investors.

Alpine Income Property Trust Company Profile

Alpine Income Property Trust, Inc is a real estate investment trust (REIT) that owns and manages a portfolio of income-producing commercial properties. The company primarily focuses on single-tenant, net-leased retail properties, where tenants generally are responsible for property taxes, insurance and maintenance under the terms of their leases.

Alpine's properties are occupied by tenants across a range of industries, including retail, grocery, home improvement, automotive services and other consumer-oriented businesses.

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