B. Riley Has Optimistic Outlook of PINE FY2024 Earnings

Alpine Income Property Trust, Inc. (NYSE:PINE) – Stock analysts at B. Riley raised their FY2024 earnings per share (EPS) estimates for Alpine Income Property Trust in a report issued on Monday, November 18th. B. Riley analyst J. Massocca now anticipates that the company will post earnings of $1.73 per share for the year, up from their prior forecast of $1.64. B. Riley currently has a “Buy” rating and a $20.00 price objective on the stock. The consensus estimate for Alpine Income Property Trust’s current full-year earnings is $1.70 per share. B. Riley also issued estimates for Alpine Income Property Trust’s Q4 2024 earnings at $0.45 EPS, Q1 2025 earnings at $0.47 EPS, Q2 2025 earnings at $0.47 EPS, Q3 2025 earnings at $0.47 EPS, Q4 2025 earnings at $0.45 EPS, FY2025 earnings at $1.86 EPS and FY2026 earnings at $1.77 EPS.

Alpine Income Property Trust (NYSE:PINE) last announced its quarterly earnings results on Thursday, October 17th. The company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.19). Alpine Income Property Trust had a net margin of 6.72% and a return on equity of 1.23%. The company had revenue of $13.48 million for the quarter, compared to analyst estimates of $12.08 million. During the same quarter last year, the business earned $0.37 EPS.

PINE has been the subject of a number of other reports. Raymond James upped their price target on shares of Alpine Income Property Trust from $18.00 to $19.00 and gave the company an “outperform” rating in a report on Wednesday, August 21st. Alliance Global Partners increased their target price on Alpine Income Property Trust from $20.00 to $21.00 and gave the company a “buy” rating in a research note on Friday, October 18th. UBS Group assumed coverage on Alpine Income Property Trust in a report on Monday, October 14th. They issued a “neutral” rating and a $19.00 target price on the stock. Truist Financial upped their price target on Alpine Income Property Trust from $16.00 to $18.00 and gave the stock a “hold” rating in a report on Tuesday, July 30th. Finally, Robert W. Baird raised their price objective on shares of Alpine Income Property Trust from $18.00 to $19.00 and gave the stock an “outperform” rating in a research note on Monday, October 21st. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $19.25.

Alpine Income Property Trust Stock Performance

NYSE:PINE opened at $17.70 on Tuesday. The firm has a market capitalization of $252.58 million, a PE ratio of 80.46, a PEG ratio of 1.73 and a beta of 0.80. Alpine Income Property Trust has a 1 year low of $14.32 and a 1 year high of $19.42. The company has a current ratio of 3.85, a quick ratio of 3.85 and a debt-to-equity ratio of 1.03. The firm’s fifty day simple moving average is $17.91 and its 200 day simple moving average is $16.95.

Institutional Trading of Alpine Income Property Trust

A number of large investors have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio acquired a new stake in Alpine Income Property Trust during the 3rd quarter valued at $64,000. Truvestments Capital LLC acquired a new stake in shares of Alpine Income Property Trust in the third quarter valued at $143,000. Quadrature Capital Ltd bought a new position in shares of Alpine Income Property Trust in the third quarter valued at about $239,000. Barclays PLC lifted its position in Alpine Income Property Trust by 282.4% during the 3rd quarter. Barclays PLC now owns 16,411 shares of the company’s stock worth $299,000 after buying an additional 12,119 shares in the last quarter. Finally, Rhumbline Advisers increased its position in Alpine Income Property Trust by 8.0% in the 2nd quarter. Rhumbline Advisers now owns 17,197 shares of the company’s stock valued at $268,000 after acquiring an additional 1,272 shares in the last quarter. 60.50% of the stock is currently owned by institutional investors.

Alpine Income Property Trust Company Profile

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.