Alpine Income Property Trust - PINE Stock Forecast, Price & News

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Alpine Income Property Trust in the last twelve months. There are currently 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" PINE shares.
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5 equities research analysts have issued 12-month price objectives for Alpine Income Property Trust's stock. Their PINE share price forecasts range from $20.00 to $23.00. On average, they anticipate the company's stock price to reach $21.25 in the next year. This suggests a possible upside of 15.7% from the stock's current price.
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Alpine Income Property Trust's stock was trading at $20.04 on January 1st, 2022. Since then, PINE shares have decreased by 8.4% and is now trading at $18.36.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, October 20th 2022.
View our PINE earnings forecast.

Alpine Income Property Trust, Inc. (NYSE:PINE) released its quarterly earnings data on Thursday, July, 21st. The company reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.64. Alpine Income Property Trust had a trailing twelve-month return on equity of 10.36% and a net margin of 61.20%. During the same period in the previous year, the firm earned $0.38 earnings per share.

Alpine Income Property Trust declared a quarterly dividend on Monday, August 22nd. Shareholders of record on Monday, September 12th will be paid a dividend of $0.275 per share on Friday, September 30th. This represents a $1.10 annualized dividend and a dividend yield of 5.99%. The ex-dividend date of this dividend is Friday, September 9th. This is an increase from the stock's previous quarterly dividend of $0.27.
Read our dividend analysis for PINE.

Alpine Income Property Trust (NYSE:PINE) pays an annual dividend of $1.08 per share and currently has a dividend yield of 5.98%. PINE has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 59.34%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PINE will have a dividend payout ratio of 66.67% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PINE.

Alpine Income Property Trust updated its FY 2022 earnings guidance on Friday, July, 29th. The company provided EPS guidance of $1.58-$1.63 for the period. The company issued revenue guidance of -.

(PINE) raised $150 million in an initial public offering on Friday, November 22nd 2019. The company issued 7,500,000 shares at $19.00-$21.00 per share. Raymond James, Baird, B. Riley FBR and BMO Capital Markets acted as the underwriters for the IPO and Janney Montgomery Scott and D.A. Davidson were co-managers.

Alpine Income Property Trust trades on the New York Stock Exchange (NYSE) under the ticker symbol "PINE."

Alpine Income Property Trust's stock is owned by a number of institutional and retail investors. Top institutional investors include Russell Investments Group Ltd. (4.73%), Kennedy Capital Management Inc. (3.93%), Pacific Ridge Capital Partners LLC (3.36%), Keeley Teton Advisors LLC (2.68%), Deroy & Devereaux Private Investment Counsel Inc. (1.63%) and Renaissance Technologies LLC (0.95%). Insiders that own company stock include Cto Realty Growth, Inc, Daniel Earl Smith, Mark Okey Decker Jr and Matthew Morris Partridge.
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Shares of PINE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of PINE stock can currently be purchased for approximately $18.36.

Alpine Income Property Trust (NYSE:PINE) has a market capitalization of $217.88 million and generates $30.13 million in revenue each year. The company earns $9.96 million in net income (profit) each year or $1.82 on an earnings per share basis.

Alpine Income Property Trust's mailing address is 1140 N. WILLIAMSON BOULEVARD SUITE 140, DAYTONA BEACH FL, 32114. The official website for the company is www.alpinereit.com. The company can be reached via phone at 386-274-2202 or via email at mpartridge@alpinereit.com.