Alpine Income Property Trust (NYSE:PINE) Updates FY 2024 Earnings Guidance

Alpine Income Property Trust (NYSE:PINE) updated its FY 2024 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 1.670-1.690 for the period, compared to the consensus estimate of 1.640. The company issued revenue guidance of -.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. B. Riley restated a “buy” rating and issued a $20.00 price target (up from $19.50) on shares of Alpine Income Property Trust in a research report on Wednesday, July 24th. UBS Group started coverage on Alpine Income Property Trust in a research report on Monday. They set a “neutral” rating and a $19.00 price target on the stock. Stifel Nicolaus upped their price objective on Alpine Income Property Trust from $18.00 to $19.25 and gave the stock a “buy” rating in a research note on Friday, July 19th. Truist Financial raised their target price on Alpine Income Property Trust from $16.00 to $18.00 and gave the company a “hold” rating in a research note on Tuesday, July 30th. Finally, Raymond James increased their price objective on shares of Alpine Income Property Trust from $18.00 to $19.00 and gave the stock an “outperform” rating in a report on Wednesday, August 21st. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $18.91.

Alpine Income Property Trust Price Performance

Shares of NYSE PINE traded down $0.25 during mid-day trading on Thursday, reaching $17.65. 79,126 shares of the company traded hands, compared to its average volume of 57,196. Alpine Income Property Trust has a fifty-two week low of $14.25 and a fifty-two week high of $19.42. The firm has a market cap of $240.45 million, a PE ratio of -441.25, a price-to-earnings-growth ratio of 1.76 and a beta of 0.80. The stock has a fifty day simple moving average of $18.00 and a 200-day simple moving average of $16.46. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.88 and a quick ratio of 0.88.

Alpine Income Property Trust (NYSE:PINE) last posted its quarterly earnings data on Thursday, July 18th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.38). The firm had revenue of $12.49 million during the quarter, compared to the consensus estimate of $12.10 million. Alpine Income Property Trust had a negative return on equity of 0.20% and a negative net margin of 1.16%. During the same period in the prior year, the firm posted $0.37 EPS. Equities research analysts anticipate that Alpine Income Property Trust will post 1.65 EPS for the current fiscal year.

Alpine Income Property Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 12th were given a dividend of $0.28 per share. This is a positive change from Alpine Income Property Trust’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $1.12 annualized dividend and a dividend yield of 6.35%. Alpine Income Property Trust’s dividend payout ratio (DPR) is -2,800.00%.

Alpine Income Property Trust Company Profile

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.