Andrew Richardson Sells 2,832 Shares of Alpine Income Property Trust (NYSE:PINE) Stock

Alpine Income Property Trust, Inc. (NYSE:PINE) Director Andrew Richardson sold 2,832 shares of the business’s stock in a transaction dated Thursday, June 25th. The stock was sold at an average price of $19.96, for a total transaction of $56,526.72. Following the sale, the director directly owned 9,544 shares in the company, valued at $190,498.24. This trade represents a 22.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Alpine Income Property Trust Stock Up 2.7%

Shares of NYSE PINE traded up $0.54 during mid-day trading on Friday, hitting $20.79. The company had a trading volume of 604,218 shares, compared to its average volume of 180,404. The company has a current ratio of 2.45, a quick ratio of 2.45 and a debt-to-equity ratio of 1.08. The firm has a 50-day simple moving average of $19.41 and a two-hundred day simple moving average of $18.65. The company has a market capitalization of $343.43 million, a PE ratio of -230.96, a price-to-earnings-growth ratio of 1.35 and a beta of 0.56. Alpine Income Property Trust, Inc. has a one year low of $13.10 and a one year high of $21.20.

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

Alpine Income Property Trust Announces Dividend

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

Institutional Trading of Alpine Income Property Trust

Hedge funds have recently made changes to their positions in the business. Triumph Capital Management bought a new position in shares of Alpine Income Property Trust during the 4th quarter worth approximately $33,000. Key Capital Management INC bought a new stake in Alpine Income Property Trust in the 4th quarter valued at $38,000. Strs Ohio bought a new stake in Alpine Income Property Trust in the 1st quarter valued at $42,000. PNC Financial Services Group Inc. lifted its holdings in Alpine Income Property Trust by 74.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 4,097 shares of the company’s stock valued at $69,000 after purchasing an additional 1,746 shares during the last quarter. Finally, Royal Bank of Canada lifted its holdings in Alpine Income Property Trust by 36.3% during the 4th quarter. Royal Bank of Canada now owns 5,134 shares of the company’s stock valued at $86,000 after purchasing an additional 1,366 shares during the last quarter. 60.50% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

PINE has been the subject of several recent analyst reports. Stifel Nicolaus set a $21.50 price objective on Alpine Income Property Trust in a report on Friday, April 24th. JonesTrading restated a “buy” rating and set a $22.00 target price on shares of Alpine Income Property Trust in a report on Friday, April 24th. Truist Financial cut their price target on shares of Alpine Income Property Trust from $21.00 to $20.00 and set a “hold” rating for the company in a research note on Thursday, May 21st. Weiss Ratings reissued a “hold (c-)” rating on shares of Alpine Income Property Trust in a research report on Friday, April 24th. Finally, Alliance Global Partners reissued a “buy” rating on shares of Alpine Income Property Trust in a research report on Tuesday, April 28th. Two investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $20.21.

About Alpine Income Property Trust

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.