Alpine Income Property Trust (NYSE:PINE – Get Free Report) and Agree Realty (NYSE:ADC – Get Free Report) are both real estate companies, but which is the superior investment? We will compare the two companies based on the strength of their valuation, earnings, institutional ownership, analyst recommendations, profitability, dividends and risk.
Profitability
This table compares Alpine Income Property Trust and Agree Realty’s net margins, return on equity and return on assets.
| Net Margins | Return on Equity | Return on Assets | |
| Alpine Income Property Trust | 16.55% | 3.68% | 1.64% |
| Agree Realty | 29.75% | 4.00% | 2.43% |
Risk & Volatility
Alpine Income Property Trust has a beta of 0.59, indicating that its share price is 41% less volatile than the S&P 500. Comparatively, Agree Realty has a beta of 0.4, indicating that its share price is 60% less volatile than the S&P 500.
Insider and Institutional Ownership
60.5% of Alpine Income Property Trust shares are owned by institutional investors. Comparatively, 97.8% of Agree Realty shares are owned by institutional investors. 0.6% of Alpine Income Property Trust shares are owned by company insiders. Comparatively, 1.8% of Agree Realty shares are owned by company insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a stock will outperform the market over the long term.
Earnings & Valuation
This table compares Alpine Income Property Trust and Agree Realty”s gross revenue, earnings per share (EPS) and valuation.
| Gross Revenue | Price/Sales Ratio | Net Income | Earnings Per Share | Price/Earnings Ratio | |
| Alpine Income Property Trust | $75.77 million | 3.95 | -$2.66 million | $0.46 | 36.24 |
| Agree Realty | $810.28 million | 11.19 | $204.35 million | $1.94 | 35.94 |
Agree Realty has higher revenue and earnings than Alpine Income Property Trust. Agree Realty is trading at a lower price-to-earnings ratio than Alpine Income Property Trust, indicating that it is currently the more affordable of the two stocks.
Dividends
Alpine Income Property Trust pays an annual dividend of $1.28 per share and has a dividend yield of 7.7%. Agree Realty pays an annual dividend of $3.25 per share and has a dividend yield of 4.7%. Alpine Income Property Trust pays out 278.3% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. Agree Realty pays out 167.5% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. Alpine Income Property Trust has increased its dividend for 3 consecutive years and Agree Realty has increased its dividend for 1 consecutive years. Alpine Income Property Trust is clearly the better dividend stock, given its higher yield and longer track record of dividend growth.
Analyst Ratings
This is a summary of current recommendations and price targets for Alpine Income Property Trust and Agree Realty, as provided by MarketBeat.com.
| Sell Ratings | Hold Ratings | Buy Ratings | Strong Buy Ratings | Rating Score | |
| Alpine Income Property Trust | 0 | 3 | 5 | 3 | 3.00 |
| Agree Realty | 0 | 6 | 10 | 1 | 2.71 |
Alpine Income Property Trust currently has a consensus target price of $20.50, suggesting a potential upside of 22.98%. Agree Realty has a consensus target price of $79.85, suggesting a potential upside of 14.53%. Given Alpine Income Property Trust’s stronger consensus rating and higher possible upside, equities analysts clearly believe Alpine Income Property Trust is more favorable than Agree Realty.
Summary
Agree Realty beats Alpine Income Property Trust on 11 of the 18 factors compared between the two stocks.
About Alpine Income Property Trust
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.
About Agree Realty
Agree Realty Corporation is a publicly traded real estate investment trust that is RETHINKING RETAIL through the acquisition and development of properties net leased to industry-leading, omni-channel retail tenants. As of December 31, 2023, the Company owned and operated a portfolio of 2,135 properties, located in 49 states and containing approximately 44.2 million square feet of gross leasable area. The Company's common stock is listed on the New York Stock Exchange under the symbol "ADC".
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