Alpine Income Property Trust (NYSE:PINE) Director Sells $56,526.72 in Stock

Alpine Income Property Trust, Inc. (NYSE:PINE) Director Andrew Richardson sold 2,832 shares of Alpine Income Property Trust stock in a transaction that occurred on Thursday, June 25th. The shares were sold at an average price of $19.96, for a total value of $56,526.72. Following the completion of the sale, the director directly owned 9,544 shares in the company, valued at $190,498.24. This represents a 22.88% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Alpine Income Property Trust Stock Performance

NYSE PINE opened at $20.79 on Monday. The stock has a market capitalization of $343.43 million, a price-to-earnings ratio of -230.96, a PEG ratio of 1.39 and a beta of 0.56. The business’s 50 day moving average is $19.44 and its two-hundred day moving average is $18.68. Alpine Income Property Trust, Inc. has a 12-month low of $13.10 and a 12-month high of $21.20. The company has a current ratio of 2.45, a quick ratio of 2.45 and a debt-to-equity ratio of 1.08.

Alpine Income Property Trust (NYSE:PINE) last posted its quarterly earnings results on Thursday, April 23rd. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.02). Alpine Income Property Trust had a net margin of 1.09% and a return on equity of 0.25%. The business had revenue of $18.41 million during the quarter, compared to analyst estimates of $17.62 million. Alpine Income Property Trust has set its FY 2026 guidance at 2.110-2.150 EPS. Research analysts expect that Alpine Income Property Trust, Inc. will post 2.14 EPS for the current year.

Alpine Income Property Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Thursday, June 11th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 5.8%. The ex-dividend date is Thursday, June 11th. Alpine Income Property Trust’s payout ratio is presently -1,333.33%.

Institutional Investors Weigh In On Alpine Income Property Trust

Institutional investors and hedge funds have recently bought and sold shares of the stock. Sound Income Strategies LLC raised its holdings in shares of Alpine Income Property Trust by 8.0% in the fourth quarter. Sound Income Strategies LLC now owns 1,216,494 shares of the company’s stock worth $21,349,000 after acquiring an additional 90,320 shares during the last quarter. Globeflex Capital L P lifted its position in shares of Alpine Income Property Trust by 83.0% in the fourth quarter. Globeflex Capital L P now owns 73,955 shares of the company’s stock valued at $1,237,000 after acquiring an additional 33,536 shares in the last quarter. Gabelli Funds LLC boosted its stake in shares of Alpine Income Property Trust by 25.2% during the fourth quarter. Gabelli Funds LLC now owns 205,016 shares of the company’s stock valued at $3,428,000 after acquiring an additional 41,280 shares during the last quarter. Public Employees Retirement System of Ohio increased its position in Alpine Income Property Trust by 70.4% during the 1st quarter. Public Employees Retirement System of Ohio now owns 25,222 shares of the company’s stock worth $454,000 after purchasing an additional 10,421 shares in the last quarter. Finally, State of Wyoming purchased a new stake in Alpine Income Property Trust during the 1st quarter worth about $128,000. Hedge funds and other institutional investors own 60.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. JonesTrading reiterated a “buy” rating and issued a $22.00 price objective on shares of Alpine Income Property Trust in a research note on Friday, April 24th. Raymond James Financial upgraded shares of Alpine Income Property Trust from an “outperform” rating to a “strong-buy” rating and set a $22.00 target price on the stock in a research report on Tuesday, March 17th. Stifel Nicolaus set a $21.50 target price on shares of Alpine Income Property Trust in a report on Friday, April 24th. Truist Financial decreased their price target on Alpine Income Property Trust from $21.00 to $20.00 and set a “hold” rating on the stock in a research note on Thursday, May 21st. Finally, Alliance Global Partners restated a “buy” rating on shares of Alpine Income Property Trust in a report on Tuesday, April 28th. Two analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, Alpine Income Property Trust has an average rating of “Moderate Buy” and a consensus price target of $20.21.

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.