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

Alpine Income Property Trust (NYSE:PINE) is scheduled to issue its quarterly earnings data after the market closes on Thursday, July 18th. Analysts expect the company to announce earnings of $0.39 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Alpine Income Property Trust Trading Up 0.7 %

Shares of Alpine Income Property Trust stock opened at $15.10 on Thursday. Alpine Income Property Trust has a fifty-two week low of $14.25 and a fifty-two week high of $17.72. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.31 and a current ratio of 1.31. The company has a market capitalization of $205.71 million, a P/E ratio of -377.50, a P/E/G ratio of 1.61 and a beta of 0.79. The company has a fifty day moving average of $15.39 and a 200 day moving average of $15.57.

Alpine Income Property Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Thursday, June 13th were given a $0.275 dividend. The ex-dividend date of this dividend was Thursday, June 13th. This represents a $1.10 annualized dividend and a dividend yield of 7.28%. Alpine Income Property Trust’s payout ratio is -2,750.00%.

Insider Activity

In other news, major shareholder Cto Realty Growth, Inc. acquired 7,959 shares of the company’s stock in a transaction dated Thursday, June 27th. The stock was acquired at an average cost of $14.97 per share, with a total value of $119,146.23. Following the completion of the purchase, the insider now owns 190,094 shares of the company’s stock, valued at approximately $2,845,707.18. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders have acquired a total of 21,804 shares of company stock valued at $326,747 in the last quarter. Insiders own 0.74% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on PINE. Stifel Nicolaus decreased their price target on shares of Alpine Income Property Trust from $19.00 to $18.75 and set a “buy” rating on the stock in a research note on Friday, April 19th. Jonestrading dropped their price target on Alpine Income Property Trust from $19.00 to $18.00 and set a “buy” rating for the company in a research note on Friday, April 19th. BTIG Research cut their price target on Alpine Income Property Trust from $23.00 to $19.00 and set a “buy” rating for the company in a report on Monday, April 22nd. Finally, Alliance Global Partners initiated coverage on Alpine Income Property Trust in a report on Thursday, April 11th. They set a “buy” rating and a $19.00 price objective on the stock. Five analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $18.69.

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.