Equities Analysts Offer Predictions for Alpine Income Property Trust, Inc.'s Q1 2024 Earnings (NYSE:PINE)

Alpine Income Property Trust, Inc. (NYSE:PINE - Free Report) - Investment analysts at B. Riley decreased their Q1 2024 EPS estimates for Alpine Income Property Trust in a research note issued to investors on Thursday, April 18th. B. Riley analyst J. Massocca now forecasts that the company will earn $0.38 per share for the quarter, down from their prior estimate of $0.39. The consensus estimate for Alpine Income Property Trust's current full-year earnings is $1.55 per share. B. Riley also issued estimates for Alpine Income Property Trust's Q2 2024 earnings at $0.38 EPS, Q3 2024 earnings at $0.38 EPS, Q4 2024 earnings at $0.39 EPS, Q1 2025 earnings at $0.40 EPS, Q2 2025 earnings at $0.40 EPS, Q3 2025 earnings at $0.39 EPS, Q4 2025 earnings at $0.40 EPS and FY2025 earnings at $1.59 EPS.

A number of other research analysts have also weighed in on PINE. Alliance Global Partners started coverage on shares of Alpine Income Property Trust in a research report on Thursday, April 11th. They set a "buy" rating and a $19.00 target price for the company. Stifel Nicolaus cut their target price on shares of Alpine Income Property Trust from $19.00 to $18.75 and set a "buy" rating for the company in a research report on Friday. Finally, Jonestrading cut their target price on shares of Alpine Income Property Trust from $19.00 to $18.00 and set a "buy" rating for the company in a research report on Friday. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, Alpine Income Property Trust currently has a consensus rating of "Buy" and an average target price of $19.15.

Alpine Income Property Trust Stock Performance

Alpine Income Property Trust stock traded up $0.30 on Friday, reaching $14.85. 97,906 shares of the stock were exchanged, compared to its average volume of 53,855. The stock has a market cap of $202.26 million, a PE ratio of 78.16, a PEG ratio of 1.57 and a beta of 0.80. The company has a current ratio of 2.64, a quick ratio of 2.64 and a debt-to-equity ratio of 1.00. Alpine Income Property Trust has a twelve month low of $14.25 and a twelve month high of $17.72. The firm has a fifty day moving average price of $15.45 and a two-hundred day moving average price of $15.93.

Alpine Income Property Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were given a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 7.41%. The ex-dividend date of this dividend was Wednesday, March 13th. Alpine Income Property Trust's dividend payout ratio (DPR) is presently 578.98%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. bought a new stake in Alpine Income Property Trust during the fourth quarter worth about $26,000. State of Wyoming bought a new stake in Alpine Income Property Trust during the second quarter worth about $29,000. Tower Research Capital LLC TRC grew its stake in Alpine Income Property Trust by 312.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,910 shares of the company's stock worth $49,000 after buying an additional 2,205 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new stake in Alpine Income Property Trust during the third quarter worth about $70,000. Finally, California State Teachers Retirement System bought a new stake in Alpine Income Property Trust during the second quarter worth about $70,000. Institutional investors and hedge funds own 60.50% of the company's stock.

About Alpine Income Property Trust

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.