Alpine Income Property Trust, Inc. (NYSE:PINE) Announces Quarterly Dividend of $0.32

Key Points

• Alpine Income Property Trust raised its quarterly dividend 6.7% to $0.32 per share, payable September 30 to shareholders of record September 10. The annualized dividend is $1.28, implying a yield of approximately 6.5%.
• The current dividend payout ratio is an unusually high 4,266.7%, meaning earnings do not presently cover the dividend; however, analysts expect next year’s earnings to support a more sustainable payout ratio of about 63.4%.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $21.50, while Alpine recently beat quarterly earnings and revenue expectations by reporting $0.16 EPS and $20 million in revenue.

Alpine Income Property Trust, Inc. (NYSE:PINE - Get Free Report) announced a quarterly dividend on Tuesday, July 14th. Stockholders of record on Thursday, September 10th will be paid a dividend of 0.32 per share on Wednesday, September 30th. This represents a c) annualized dividend and a dividend yield of 6.5%. The ex-dividend date is Thursday, September 10th. This is a 6.7% increase from Alpine Income Property Trust's previous quarterly dividend of $0.30.

Alpine Income Property Trust has raised its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 3 years. Alpine Income Property Trust has a dividend payout ratio of 4,266.7% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Alpine Income Property Trust to earn $2.02 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 63.4%.

Alpine Income Property Trust Stock Down 0.3%

Shares of NYSE:PINE opened at $19.59 on Tuesday. The company has a market cap of $345.18 million, a price-to-earnings ratio of 103.11, a PEG ratio of 1.30 and a beta of 0.54. Alpine Income Property Trust has a 12 month low of $13.10 and a 12 month high of $21.99. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 1.03. The company has a 50-day moving average price of $20.14 and a 200 day moving average price of $19.59.

Alpine Income Property Trust (NYSE:PINE - Get Free Report) last issued 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 company had revenue of $20.00 million for the quarter, compared to analysts' expectations of $18.85 million. Alpine Income Property Trust had a return on equity of 2.11% and a net margin of 9.36%.Alpine Income Property Trust has set its FY 2026 guidance at 2.120-2.150 EPS. As a group, equities research analysts predict that Alpine Income Property Trust will post 2.16 earnings per share for the current year.

Wall Street Analysts Forecast Growth

PINE has been the topic of several analyst reports. Truist Financial cut their target price on Alpine Income Property Trust from $21.00 to $20.00 and set a "hold" rating on the stock in a research report on Thursday, May 21st. Weiss Ratings upgraded Alpine Income Property Trust from a "hold (c-)" rating to a "hold (c+)" rating in a research report on Friday, July 31st. Stifel Nicolaus lifted their price objective on shares of Alpine Income Property Trust from $21.50 to $22.00 and gave the stock a "buy" rating in a research note on Friday, July 24th. Zacks Research lowered shares of Alpine Income Property Trust from a "strong-buy" rating to a "hold" rating in a research note on Monday, May 18th. Finally, Huntington assumed coverage on shares of Alpine Income Property Trust in a research report on Wednesday, July 15th. They set an "outperform" rating and a $23.00 price objective on the stock. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $21.50.

About Alpine Income Property Trust

Alpine Income Property Trust, Inc is a publicly traded real estate investment trust that specializes in acquiring, owning and managing single-tenant net lease properties. The company focuses on sale-leaseback and build-to-suit transactions with food and beverage companies, targeting facilities that support production, distribution and processing operations. By structuring long-term, triple-net leases, Alpine Income Property Trust seeks to deliver stable, predictable cash flow while allowing tenants to unlock capital from real estate assets and reinvest in their core businesses.

The company’s portfolio is diversified across multiple U.S.

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