Alpine Income Property Trust (NYSE:PINE – Get Free Report) updated its FY 2024 earnings guidance on Thursday. The company provided EPS guidance of 1.530-1.580 for the period, compared to the consensus EPS estimate of 1.540. The company issued revenue guidance of -.
Alpine Income Property Trust Stock Performance
Shares of PINE opened at $14.85 on Friday. Alpine Income Property Trust has a 52-week low of $14.25 and a 52-week high of $17.72. 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 firm’s fifty day moving average is $15.45 and its two-hundred day moving average is $15.93.
Alpine Income Property Trust Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were paid a dividend of $0.275 per share. The ex-dividend date was Wednesday, March 13th. This represents a $1.10 annualized dividend and a yield of 7.41%. Alpine Income Property Trust’s dividend payout ratio (DPR) is presently -2,750.00%.
Wall Street Analysts Forecast Growth
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. raised its holdings in Alpine Income Property Trust by 359.8% in the 2nd quarter. BlackRock Inc. now owns 830,771 shares of the company’s stock valued at $13,500,000 after buying an additional 650,088 shares during the period. Vanguard Group Inc. raised its holdings in Alpine Income Property Trust by 2.4% in the 4th quarter. Vanguard Group Inc. now owns 749,041 shares of the company’s stock valued at $12,666,000 after buying an additional 17,659 shares during the period. Ancora Advisors LLC raised its holdings in Alpine Income Property Trust by 34.9% in the 1st quarter. Ancora Advisors LLC now owns 433,370 shares of the company’s stock valued at $7,294,000 after buying an additional 112,000 shares during the period. Geode Capital Management LLC raised its holdings in Alpine Income Property Trust by 143.2% in the 2nd quarter. Geode Capital Management LLC now owns 287,583 shares of the company’s stock valued at $4,673,000 after buying an additional 169,341 shares during the period. Finally, Two Sigma Investments LP raised its holdings in Alpine Income Property Trust by 338.0% in the 4th quarter. Two Sigma Investments LP now owns 193,711 shares of the company’s stock valued at $3,696,000 after buying an additional 149,482 shares during the period. Institutional investors and hedge funds own 60.50% of the company’s stock.
Alpine Income Property Trust Company Profile
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.
Read More
- Five stocks we like better than Alpine Income Property Trust
- P/E Ratio Calculation: How to Assess Stocks
- MarketBeat Week in Review – 4/15 – 4/19
- Best ESG Stocks: 11 Best Stocks for ESG Investing
- Comprehensive Analysis of PayPal Stock
- Do Real Estate Investment Trusts Deserve a Place in Your Portfolio?
- Intuitive Surgical Stock Can Trend Much Higher This Year
Receive News & Ratings for Alpine Income Property Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alpine Income Property Trust and related companies with MarketBeat.com's FREE daily email newsletter.