Alpine Income Property Trust (NASDAQ:PINE) – Stock analysts at B. Riley increased their Q3 2020 earnings estimates for Alpine Income Property Trust in a research note issued to investors on Friday, July 10th. B. Riley analyst C. Kucera now anticipates that the company will post earnings of $0.33 per share for the quarter, up from their prior estimate of $0.29. B. Riley also issued estimates for Alpine Income Property Trust’s Q4 2020 earnings at $0.33 EPS, FY2020 earnings at $1.18 EPS, Q1 2021 earnings at $0.35 EPS, Q2 2021 earnings at $0.37 EPS and FY2021 earnings at $1.48 EPS.

Other research analysts have also recently issued research reports about the company. BTIG Research assumed coverage on Alpine Income Property Trust in a research report on Thursday, June 4th. They set a “buy” rating and a $18.00 price objective on the stock. Zacks Investment Research cut Alpine Income Property Trust from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 1st. Janney Montgomery Scott initiated coverage on Alpine Income Property Trust in a research report on Wednesday, June 17th. They set a “buy” rating and a $19.00 price objective on the stock. Finally, Robert W. Baird decreased their price target on Alpine Income Property Trust from $23.00 to $18.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 28th. One analyst has rated the stock with a sell rating and six have issued a buy rating to the company’s stock. Alpine Income Property Trust currently has an average rating of “Buy” and a consensus target price of $19.20.

PINE stock opened at $13.57 on Monday. The business’s fifty day moving average price is $14.72 and its two-hundred day moving average price is $15.20. Alpine Income Property Trust has a fifty-two week low of $7.74 and a fifty-two week high of $19.83.

Alpine Income Property Trust (NASDAQ:PINE) last announced its quarterly earnings results on Monday, April 27th. The company reported $0.06 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.06. The business had revenue of $4.17 million for the quarter, compared to analyst estimates of $3.99 million.

Institutional investors have recently added to or reduced their stakes in the business. UBS Group AG bought a new position in Alpine Income Property Trust in the fourth quarter valued at about $34,000. Oppenheimer Asset Management Inc. bought a new position in Alpine Income Property Trust in the first quarter valued at about $95,000. Victory Capital Management Inc. acquired a new stake in shares of Alpine Income Property Trust during the fourth quarter valued at about $237,000. Marshall Wace North America L.P. acquired a new stake in shares of Alpine Income Property Trust during the fourth quarter valued at about $255,000. Finally, Jane Street Group LLC acquired a new stake in shares of Alpine Income Property Trust during the first quarter valued at about $168,000.

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.90%. The ex-dividend date was Friday, June 12th.

Alpine Income Property Trust Company Profile

Alpine Income Property Trust, Inc is a newly organized real estate company that owns and operates a portfolio of high-quality single-tenant net lease commercial properties, all of which are leased on a long-term basis and located primarily in or in close proximity to major metropolitan statistical areas.

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Earnings History and Estimates for Alpine Income Property Trust (NASDAQ:PINE)

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