Alpine Income Property Trust, Inc. (NYSE:PINE) Declares Quarterly Dividend of $0.30

Alpine Income Property Trust, Inc. (NYSE:PINE) announced a quarterly dividend on Wednesday, May 27th. Stockholders of record on Thursday, June 11th will be given a dividend of 0.30 per share on Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 6.2%. The ex-dividend date is Thursday, June 11th.

Alpine Income Property Trust has raised its dividend by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 3 consecutive years. Alpine Income Property Trust has a payout ratio of 4,000.0% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Alpine Income Property Trust to earn $2.09 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 57.4%.

Alpine Income Property Trust Trading Down 1.2%

Alpine Income Property Trust stock opened at $19.35 on Thursday. The stock has a market cap of $319.70 million, a P/E ratio of -215.00, a PEG ratio of 1.31 and a beta of 0.56. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.45 and a quick ratio of 2.45. Alpine Income Property Trust has a 1 year low of $13.10 and a 1 year high of $20.80. The firm’s 50 day moving average price is $19.00 and its 200-day moving average price is $18.24.

Alpine Income Property Trust (NYSE:PINE) last released its quarterly earnings data on Thursday, April 23rd. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.02). The company had revenue of $18.41 million for the quarter, compared to the consensus estimate of $17.62 million. Alpine Income Property Trust had a net margin of 1.09% and a return on equity of 0.25%. Alpine Income Property Trust has set its FY 2026 guidance at 2.110-2.150 EPS. On average, equities analysts predict that Alpine Income Property Trust will post 2.14 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

PINE has been the topic of several research reports. Cantor Fitzgerald upgraded shares of Alpine Income Property Trust to a “strong-buy” rating in a research report on Wednesday, February 4th. Wall Street Zen upgraded shares of Alpine Income Property Trust from a “sell” rating to a “hold” rating in a research report on Saturday, February 7th. iA Financial set a $21.00 price target on shares of Alpine Income Property Trust in a research report on Friday, February 6th. Weiss Ratings restated a “hold (c-)” rating on shares of Alpine Income Property Trust in a research report on Friday, April 24th. Finally, Stifel Nicolaus set a $21.50 price target on shares of Alpine Income Property Trust in a research report on Friday, April 24th. Two analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $20.21.

Alpine Income Property Trust Company Profile

Alpine Income Property Trust, Inc is a publicly traded real estate investment trust that specializes in acquiring, owning and managing single-tenant net lease properties. The company focuses on sale-leaseback and build-to-suit transactions with food and beverage companies, targeting facilities that support production, distribution and processing operations. By structuring long-term, triple-net leases, Alpine Income Property Trust seeks to deliver stable, predictable cash flow while allowing tenants to unlock capital from real estate assets and reinvest in their core businesses.

The company’s portfolio is diversified across multiple U.S.