Alpine Income Property Trust (NYSE:PINE) Releases Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Alpine Income Property Trust (NYSE:PINE) released its earnings results on Thursday. The company reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.01, FiscalAI reports. Alpine Income Property Trust had a return on equity of 2.11% and a net margin of 9.36%. The company had revenue of $20.46 million during the quarter, compared to analyst estimates of $20.19 million.

Alpine Income Property Trust Stock Up 1.8%

PINE traded up $0.32 during trading on Thursday, reaching $17.43. The stock had a trading volume of 155,067 shares, compared to its average volume of 167,639. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 1.03. The stock’s 50 day moving average is $18.44 and its two-hundred day moving average is $19.29. The company has a market capitalization of $312.61 million, a price-to-earnings ratio of 91.77, a P/E/G ratio of 1.17 and a beta of 0.56. Alpine Income Property Trust has a one year low of $13.63 and a one year high of $21.99.

Insider Transactions at Alpine Income Property Trust

In related news, Director Andrew Richardson sold 2,000 shares of the stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $20.28, for a total transaction of $40,560.00. Following the sale, the director directly owned 8,425 shares of the company’s stock, valued at approximately $170,859. This represents a 19.18% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.60% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. JonesTrading upped their price target on shares of Alpine Income Property Trust from $22.00 to $23.00 and gave the company a “buy” rating in a report on Friday, July 24th. Huntington started coverage on shares of Alpine Income Property Trust in a report on Wednesday, July 15th. They issued an “outperform” rating and a $23.00 price target on the stock. Zacks Research upgraded shares of Alpine Income Property Trust from a “hold” rating to a “strong-buy” rating in a research report on Monday. Weiss Ratings downgraded shares of Alpine Income Property Trust from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, September 21st. Finally, Truist Financial dropped their target price on shares of Alpine Income Property Trust from $20.00 to $19.00 and set a “hold” rating for the company in a report on Thursday, October 15th. Three equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Alpine Income Property Trust currently has a consensus rating of “Buy” and a consensus price target of $21.28.

Alpine Income Property Trust Company Profile

Alpine Income Property Trust, Inc is a real estate investment trust (REIT) that owns and manages a portfolio of income-producing commercial properties. The company primarily focuses on single-tenant, net-leased retail properties, where tenants generally are responsible for property taxes, insurance and maintenance under the terms of their leases.

Alpine’s properties are occupied by tenants across a range of industries, including retail, grocery, home improvement, automotive services and other consumer-oriented businesses.