Alpine Income Property Trust (PINE) Stock Forecast, Price & News

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Alpine Income Property Trust in the last year. There are currently 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" PINE shares.
View PINE analyst ratings or view top-rated stocks.

5 Wall Street analysts have issued 12 month price targets for Alpine Income Property Trust's stock. Their PINE share price forecasts range from $17.00 to $23.00. On average, they anticipate the company's share price to reach $20.50 in the next twelve months. This suggests a possible upside of 24.2% from the stock's current price.
View analysts price targets for PINE or view top-rated stocks among Wall Street analysts.

Alpine Income Property Trust's stock was trading at $19.08 at the beginning of 2023. Since then, PINE shares have decreased by 13.5% and is now trading at $16.50.
View the best growth stocks for 2023 here.

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 19th 2023.
View our PINE earnings forecast.

Alpine Income Property Trust, Inc. (NYSE:PINE) released its quarterly earnings data on Thursday, July, 21st. The company reported $1.05 EPS for the quarter, beating analysts' consensus estimates of $0.41 by $0.64. Alpine Income Property Trust had a net margin of 39.47% and a trailing twelve-month return on equity of 6.16%. During the same quarter in the previous year, the company posted $0.38 earnings per share.

Alpine Income Property Trust declared a quarterly dividend on Wednesday, August 23rd. Investors of record on Thursday, September 14th will be paid a dividend of $0.275 per share on Friday, September 29th. This represents a $1.10 annualized dividend and a yield of 6.67%. The ex-dividend date is Wednesday, September 13th.
Read our dividend analysis for PINE.

ETFs with the largest weight of Alpine Income Property Trust (NYSE:PINE) stock in their portfolio include NETLease Corporate Real Estate ETF (NETL) and Sound Enhanced Fixed Income ETF (FXED).Sound Enhanced Fixed Income ETF (SDEF).

Alpine Income Property Trust (NYSE:PINE) pays an annual dividend of $1.10 per share and currently has a dividend yield of 6.46%. PINE has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 85.94%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, PINE will have a dividend payout ratio of 66.27% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PINE.

Alpine Income Property Trust updated its FY 2023 earnings guidance on Thursday, July, 20th. The company provided EPS guidance of $1.52-$1.55 for the period, compared to the consensus earnings per share estimate of $1.51. The company issued revenue guidance of -.

(PINE) raised $150 million in an initial public offering on Friday, November 22nd 2019. The company issued 7,500,000 shares at $19.00-$21.00 per share. Raymond James, Baird, B. Riley FBR and BMO Capital Markets served as the underwriters for the IPO and Janney Montgomery Scott and D.A. Davidson were co-managers.

Alpine Income Property Trust trades on the New York Stock Exchange (NYSE) under the ticker symbol "PINE."

Alpine Income Property Trust's stock is owned by many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (5.91%), Russell Investments Group Ltd. (4.00%), Sound Income Strategies LLC (3.52%), Geode Capital Management LLC (2.05%), Franklin Resources Inc. (1.56%) and Deroy & Devereaux Private Investment Counsel Inc. (1.49%). Insiders that own company stock include Cto Realty Growth, Inc, Daniel Earl Smith, John P Albright, Mark Okey Decker Jr and Matthew Morris Partridge.
View institutional ownership trends.

Shares of PINE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

One share of PINE stock can currently be purchased for approximately $16.50.

Alpine Income Property Trust (NYSE:PINE) has a market capitalization of $231.83 million and generates $45.20 million in revenue each year. The company earns $29.72 million in net income (profit) each year or $1.28 on an earnings per share basis.

Alpine Income Property Trust's mailing address is 1140 N. WILLIAMSON BOULEVARD SUITE 140, DAYTONA BEACH FL, 32114. The official website for the company is www.alpinereit.com. The company can be reached via phone at 407-904-3324 or via email at mpartridge@alpinereit.com.