Alpine Income Property Trust (NYSE:PINE) Releases Quarterly Earnings Results, Beats Estimates By $0.02 EPS

Alpine Income Property Trust (NYSE:PINE) posted its quarterly earnings data on Thursday. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.14 by $0.02, FiscalAI reports. The business had revenue of $20.00 million for the quarter, compared to the consensus estimate of $18.85 million. Alpine Income Property Trust had a return on equity of 0.25% and a net margin of 1.09%. Alpine Income Property Trust updated its FY 2026 guidance to 2.120-2.150 EPS.

Alpine Income Property Trust Price Performance

PINE opened at $21.01 on Friday. The firm has a market cap of $347.09 million, a PE ratio of -236.08, a P/E/G ratio of 1.40 and a beta of 0.54. The stock has a 50-day moving average price of $19.97 and a 200-day moving average price of $19.21. Alpine Income Property Trust has a 1 year low of $13.10 and a 1 year high of $21.99. 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 Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Thursday, September 10th will be issued a dividend of $0.32 per share. The ex-dividend date is Thursday, September 10th. This is a boost from Alpine Income Property Trust’s previous quarterly dividend of $0.30. This represents a $1.28 annualized dividend and a dividend yield of 6.1%. Alpine Income Property Trust’s dividend payout ratio is -1,333.33%.

Insider Transactions at Alpine Income Property Trust

In other news, Director Andrew C. Richardson sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $19.35, for a total value of $58,050.00. Following the transaction, the director owned 14,376 shares in the company, valued at approximately $278,175.60. This represents a 17.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders have sold 7,832 shares of company stock valued at $153,097 over the last three months. 0.60% of the stock is currently owned by insiders.

Institutional Trading of Alpine Income Property Trust

Institutional investors and hedge funds have recently modified their holdings of the business. Invesco Ltd. raised its position in Alpine Income Property Trust by 1,344.2% in the 4th quarter. Invesco Ltd. now owns 441,935 shares of the company’s stock worth $7,389,000 after buying an additional 411,334 shares during the last quarter. AlphaCentric Advisors LLC bought a new stake in shares of Alpine Income Property Trust in the fourth quarter worth approximately $1,884,000. Raymond James Financial Inc. raised its holdings in shares of Alpine Income Property Trust by 74.0% during the third quarter. Raymond James Financial Inc. now owns 141,315 shares of the company’s stock valued at $2,002,000 after purchasing an additional 60,115 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its position in Alpine Income Property Trust by 110.6% during the third quarter. Jacobs Levy Equity Management Inc. now owns 74,421 shares of the company’s stock valued at $1,055,000 after purchasing an additional 39,079 shares during the period. Finally, Gamco Investors INC. ET AL purchased a new stake in Alpine Income Property Trust in the second quarter worth approximately $467,000. Institutional investors own 60.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on PINE shares. Alliance Global Partners reaffirmed a “buy” rating on shares of Alpine Income Property Trust in a report on Friday. Truist Financial dropped their target price on Alpine Income Property Trust from $21.00 to $20.00 and set a “hold” rating for the company in a report on Thursday, May 21st. Huntington began coverage on shares of Alpine Income Property Trust in a research report on Wednesday, July 15th. They set an “outperform” rating and a $23.00 price target for the company. Stifel Nicolaus set a $21.50 price objective on shares of Alpine Income Property Trust in a research note on Friday, April 24th. Finally, Robert W. Baird reissued a “neutral” rating and issued a $21.00 target price (up from $18.00) on shares of Alpine Income Property Trust in a research note on Monday, June 29th. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $21.31.

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.