Alpine Income Property Trust (NYSE:PINE) Director Andrew Richardson Sells 2,832 Shares of Stock

Alpine Income Property Trust, Inc. (NYSE:PINE) Director Andrew Richardson sold 2,832 shares of the stock in a transaction on Thursday, June 25th. The stock was sold at an average price of $19.96, for a total value of $56,526.72. Following the completion of the sale, the director owned 9,544 shares in the company, valued at approximately $190,498.24. The trade was a 22.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Alpine Income Property Trust Stock Up 2.7%

NYSE:PINE opened at $20.79 on Friday. The company has a market cap of $343.43 million, a price-to-earnings ratio of -230.96, a price-to-earnings-growth ratio of 1.35 and a beta of 0.56. Alpine Income Property Trust, Inc. has a twelve month low of $13.10 and a twelve month high of $21.20. The company has a current ratio of 2.45, a quick ratio of 2.45 and a debt-to-equity ratio of 1.08. The stock has a fifty day simple moving average of $19.44 and a 200-day simple moving average of $18.67.

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

Alpine Income Property Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Thursday, June 11th will be issued a $0.30 dividend. The ex-dividend date is Thursday, June 11th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.8%. Alpine Income Property Trust’s payout ratio is presently -1,333.33%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on PINE shares. Truist Financial reduced their price objective on Alpine Income Property Trust from $21.00 to $20.00 and set a “hold” rating on the stock in a report on Thursday, May 21st. Weiss Ratings restated a “hold (c-)” rating on shares of Alpine Income Property Trust in a research note on Friday, April 24th. Alliance Global Partners restated a “buy” rating on shares of Alpine Income Property Trust in a report on Tuesday, April 28th. Raymond James Financial raised shares of Alpine Income Property Trust from an “outperform” rating to a “strong-buy” rating and set a $22.00 price objective for the company in a research note on Tuesday, March 17th. Finally, Zacks Research cut shares of Alpine Income Property Trust from a “strong-buy” rating to a “hold” rating in a report on Monday, May 18th. Two investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, Alpine Income Property Trust has a consensus rating of “Moderate Buy” and a consensus price target of $20.21.

Institutional Investors Weigh In On Alpine Income Property Trust

A number of institutional investors have recently added to or reduced their stakes in the stock. Invesco Ltd. raised its holdings in Alpine Income Property Trust by 1,344.2% in the fourth quarter. Invesco Ltd. now owns 441,935 shares of the company’s stock worth $7,389,000 after purchasing an additional 411,334 shares in the last quarter. AlphaCentric Advisors LLC bought a new stake in shares of Alpine Income Property Trust in the 4th quarter valued at about $1,884,000. Sound Income Strategies LLC grew its position in shares of Alpine Income Property Trust by 8.0% in the 4th quarter. Sound Income Strategies LLC now owns 1,216,494 shares of the company’s stock worth $21,349,000 after buying an additional 90,320 shares during the last quarter. Raymond James Financial Inc. grew its position in shares of Alpine Income Property Trust by 74.0% in the 3rd quarter. Raymond James Financial Inc. now owns 141,315 shares of the company’s stock worth $2,002,000 after buying an additional 60,115 shares during the last quarter. Finally, Renaissance Technologies LLC raised its stake in shares of Alpine Income Property Trust by 87.1% during the 1st quarter. Renaissance Technologies LLC now owns 121,200 shares of the company’s stock worth $2,182,000 after acquiring an additional 56,422 shares in the last quarter. Institutional investors own 60.50% of the company’s stock.

About Alpine Income Property Trust

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.