Alpine Income Property Trust (NYSE:PINE) Shares Up 1.8% - Still a Buy?

Key Points

• Alpine Income Property Trust shares rose 1.8% to approximately $17.67, though trading volume was 27% below average. Analysts maintain a “Moderate Buy” consensus with an average price target of $21.50.
• The company exceeded quarterly expectations, reporting $0.16 EPS versus a $0.14 estimate and revenue of $20.00 million versus $18.85 million expected. Full-year EPS guidance is $2.12–$2.15.
• Alpine increased its quarterly dividend to $0.32 per share, implying a 7.2% annualized yield, but its payout ratio is an unusually high 673.68%, raising sustainability concerns.

Shares of Alpine Income Property Trust, Inc. (NYSE:PINE - Get Free Report) traded up 1.8% on Friday. The stock traded as high as $17.74 and last traded at $17.6680. 124,402 shares changed hands during mid-day trading, a decline of 27% from the average session volume of 171,140 shares. The stock had previously closed at $17.36.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Huntington started coverage on Alpine Income Property Trust in a report on Wednesday, July 15th. They issued an "outperform" rating and a $23.00 price target on the stock. Alliance Global Partners reaffirmed a "buy" rating on shares of Alpine Income Property Trust in a research report on Friday, July 24th. Stifel Nicolaus boosted their target price on shares of Alpine Income Property Trust from $21.50 to $22.00 and gave the company a "buy" rating in a research note on Friday, July 24th. Robert W. Baird reissued a "neutral" rating and issued a $21.00 target price (up from $18.00) on shares of Alpine Income Property Trust in a research report on Monday, June 29th. Finally, Weiss Ratings lowered Alpine Income Property Trust from a "hold (c+)" rating to a "hold (c)" rating in a research note on Monday, September 21st. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $21.50.

Alpine Income Property Trust Price Performance

The business's 50 day moving average is $19.02 and its two-hundred day moving average is $19.35. 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 firm has a market capitalization of $316.79 million, a PE ratio of 92.99, a price-to-earnings-growth ratio of 1.15 and a beta of 0.56.

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

Alpine Income Property Trust Increases Dividend

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

Insider Activity

In other news, Director Andrew Richardson sold 2,000 shares of the stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $20.28, for a total value of $40,560.00. Following the sale, the director directly owned 8,425 shares of the company's stock, valued at approximately $170,859. This represents a 19.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.60% of the company's stock.

Institutional Trading of Alpine Income Property Trust

A number of hedge funds and other institutional investors have recently bought and sold shares of PINE. BlackRock Inc. bought a new position in shares of Alpine Income Property Trust in the second quarter worth $28,048,000. Bank of New York Mellon Corp bought a new stake in Alpine Income Property Trust during the second quarter valued at $1,813,000. Globeflex Capital L P purchased a new position in Alpine Income Property Trust during the second quarter worth about $1,535,000. Renaissance Technologies LLC grew its position in Alpine Income Property Trust by 87.1% during the first quarter. Renaissance Technologies LLC now owns 121,200 shares of the company's stock worth $2,182,000 after buying an additional 56,422 shares in the last quarter. Finally, Hsbc Holdings PLC bought a new position in Alpine Income Property Trust in the 2nd quarter worth about $1,267,000. Institutional investors own 60.50% of the company's stock.

About Alpine Income Property Trust

Alpine Income Property Trust, Inc is a real estate investment trust (REIT) that acquires, owns and operates a portfolio of income-producing commercial properties. The company primarily invests in single-tenant retail and office properties that are generally leased under long-term net lease agreements, under which tenants typically assume responsibility for property taxes, insurance and maintenance expenses.

Alpine's properties are located across the United States and are leased to a range of national, regional and local tenants.

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