Alpine Income Property Trust (PINE) Set to Announce Earnings on Thursday

Alpine Income Property Trust (NYSE:PINEGet Free Report) is scheduled to be releasing its earnings data after the market closes on Thursday, July 18th. Analysts expect Alpine Income Property Trust to post earnings of $0.39 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Alpine Income Property Trust Price Performance

PINE opened at $15.10 on Thursday. The stock has a market cap of $205.71 million, a P/E ratio of -377.50, a PEG ratio of 1.61 and a beta of 0.79. Alpine Income Property Trust has a 52-week low of $14.25 and a 52-week high of $17.72. The business has a fifty day moving average of $15.39 and a 200 day moving average of $15.57. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 1.00.

Alpine Income Property Trust Announces Dividend

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

Insider Activity

In other Alpine Income Property Trust news, major shareholder Cto Realty Growth, Inc. purchased 6,262 shares of the company’s stock in a transaction dated Friday, July 5th. The shares were acquired at an average price of $15.00 per share, for a total transaction of $93,930.00. Following the completion of the purchase, the insider now owns 196,356 shares of the company’s stock, valued at $2,945,340. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. In the last quarter, insiders acquired 21,804 shares of company stock worth $326,747. Insiders own 0.74% of the company’s stock.

Analyst Upgrades and Downgrades

PINE has been the subject of several research reports. Alliance Global Partners started coverage on Alpine Income Property Trust in a report on Thursday, April 11th. They issued a “buy” rating and a $19.00 target price for the company. Stifel Nicolaus dropped their target price on shares of Alpine Income Property Trust from $19.00 to $18.75 and set a “buy” rating on the stock in a report on Friday, April 19th. BTIG Research reduced their price target on shares of 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, Jonestrading decreased their price objective 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. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, Alpine Income Property Trust currently has a consensus rating of “Buy” and a consensus price target of $18.69.

Read Our Latest Research Report on PINE

About Alpine Income Property Trust

(Get Free Report)

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.

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Earnings History for Alpine Income Property Trust (NYSE:PINE)

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