Alpine Income Property Trust (PINE) to Release Earnings on Thursday

Alpine Income Property Trust (NYSE:PINE) is scheduled to release its earnings data after the market closes on Thursday, April 18th. Analysts expect Alpine Income Property Trust to post earnings of $0.38 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Alpine Income Property Trust Stock Performance

Shares of PINE opened at $15.01 on Thursday. The company has a quick ratio of 2.64, a current ratio of 2.64 and a debt-to-equity ratio of 1.00. The business’s 50 day moving average price is $15.50 and its 200-day moving average price is $15.99. Alpine Income Property Trust has a 52 week low of $14.25 and a 52 week high of $17.72. The stock has a market cap of $204.44 million, a P/E ratio of 79.00, a P/E/G ratio of 1.64 and a beta of 0.80.

Alpine Income Property Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were given a $0.275 dividend. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 7.33%. Alpine Income Property Trust’s dividend payout ratio is currently 578.98%.

Analysts Set New Price Targets

Separately, Jonestrading dropped their price target on Alpine Income Property Trust from $20.00 to $19.00 and set a “buy” rating on the stock in a research report on Monday, February 12th. Four investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Alpine Income Property Trust presently has a consensus rating of “Buy” and an average price target of $19.75.

Hedge Funds Weigh In On Alpine Income Property Trust

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. UBS Group AG lifted its position in Alpine Income Property Trust by 49.1% in the 3rd quarter. UBS Group AG now owns 13,172 shares of the company’s stock valued at $215,000 after acquiring an additional 4,335 shares in the last quarter. Royal Bank of Canada lifted its position in Alpine Income Property Trust by 5.6% in the 1st quarter. Royal Bank of Canada now owns 11,410 shares of the company’s stock valued at $214,000 after acquiring an additional 610 shares in the last quarter. Barclays PLC lifted its holdings in shares of Alpine Income Property Trust by 927.2% during the 1st quarter. Barclays PLC now owns 11,402 shares of the company’s stock valued at $191,000 after buying an additional 10,292 shares during the period. Private Advisor Group LLC bought a new position in shares of Alpine Income Property Trust during the 1st quarter valued at $188,000. Finally, FMR LLC lifted its holdings in shares of Alpine Income Property Trust by 40.2% during the 3rd quarter. FMR LLC now owns 11,225 shares of the company’s stock valued at $184,000 after buying an additional 3,220 shares during the period. 60.50% of the stock is owned by institutional investors.

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.