Alpine Income Property Trust (PINE) to Release Earnings on Thursday

Alpine Income Property Trust (NYSE:PINE) is projected to announce its earnings results after the market closes on Thursday, February 6th. Analysts expect the company to announce earnings of $0.04 per share and revenue of $13.21 million for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Alpine Income Property Trust Trading Down 1.5 %

Shares of PINE stock opened at $16.42 on Thursday. The company has a current ratio of 3.85, a quick ratio of 3.85 and a debt-to-equity ratio of 1.03. Alpine Income Property Trust has a 12-month low of $14.32 and a 12-month high of $19.42. The stock has a market capitalization of $234.24 million, a P/E ratio of 74.62, a P/E/G ratio of 1.54 and a beta of 0.80. The firm’s 50 day moving average is $17.05 and its 200 day moving average is $17.52.

Alpine Income Property Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Thursday, December 12th were given a $0.28 dividend. The ex-dividend date was Thursday, December 12th. This represents a $1.12 annualized dividend and a yield of 6.82%. Alpine Income Property Trust’s payout ratio is presently 509.11%.

Wall Street Analyst Weigh In

PINE has been the topic of several recent research reports. Robert W. Baird increased their price target on shares of Alpine Income Property Trust from $18.00 to $19.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st. Alliance Global Partners increased their price target on shares of Alpine Income Property Trust from $20.00 to $21.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. UBS Group began coverage on shares of Alpine Income Property Trust in a research report on Monday, October 14th. They issued a “neutral” rating and a $19.00 price target on the stock. Finally, Stifel Nicolaus raised their price objective on shares of Alpine Income Property Trust from $19.75 to $20.25 and gave the company a “buy” rating in a research report on Monday, October 21st. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $19.25.

Insider Buying and Selling at Alpine Income Property Trust

In other Alpine Income Property Trust news, Director Wein Rachel Elias sold 2,000 shares of Alpine Income Property Trust stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $18.00, for a total value of $36,000.00. Following the sale, the director now directly owns 9,492 shares in the company, valued at approximately $170,856. The trade was a 17.40 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.74% of the stock is currently owned by insiders.

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.