Critical Contrast: Alpine Income Property Trust (NYSE:PINE) and Acadia Realty Trust (NYSE:AKR)

Alpine Income Property Trust (NYSE:PINE) and Acadia Realty Trust (NYSE:AKR) are both real estate companies, but which is the superior investment? We will contrast the two companies based on the strength of their valuation, earnings, analyst recommendations, dividends, risk, profitability and institutional ownership.

Volatility and Risk

Alpine Income Property Trust has a beta of 0.59, indicating that its share price is 41% less volatile than the S&P 500. Comparatively, Acadia Realty Trust has a beta of 1.11, indicating that its share price is 11% more volatile than the S&P 500.

Institutional and Insider Ownership

60.5% of Alpine Income Property Trust shares are owned by institutional investors. Comparatively, 97.7% of Acadia Realty Trust shares are owned by institutional investors. 0.6% of Alpine Income Property Trust shares are owned by insiders. Comparatively, 3.1% of Acadia Realty Trust shares are owned by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company will outperform the market over the long term.

Analyst Ratings

This is a summary of recent recommendations for Alpine Income Property Trust and Acadia Realty Trust, as reported by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Alpine Income Property Trust	0	3	5	3	3.00
Acadia Realty Trust	0	3	4	1	2.75

Alpine Income Property Trust currently has a consensus price target of $20.50, suggesting a potential upside of 22.79%. Acadia Realty Trust has a consensus price target of $23.40, suggesting a potential upside of 15.81%. Given Alpine Income Property Trust’s stronger consensus rating and higher probable upside, equities research analysts plainly believe Alpine Income Property Trust is more favorable than Acadia Realty Trust.

Dividends

Alpine Income Property Trust pays an annual dividend of $1.28 per share and has a dividend yield of 7.7%. Acadia Realty Trust pays an annual dividend of $0.80 per share and has a dividend yield of 4.0%. Alpine Income Property Trust pays out 278.3% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. Acadia Realty Trust pays out 285.7% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. Alpine Income Property Trust has raised its dividend for 3 consecutive years and Acadia Realty Trust has raised its dividend for 2 consecutive years. Alpine Income Property Trust is clearly the better dividend stock, given its higher yield and longer track record of dividend growth.

Profitability

This table compares Alpine Income Property Trust and Acadia Realty Trust’s net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Alpine Income Property Trust	16.55%	3.68%	1.64%
Acadia Realty Trust	10.23%	1.54%	0.87%

Earnings & Valuation

This table compares Alpine Income Property Trust and Acadia Realty Trust”s revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Alpine Income Property Trust	$75.77 million	3.95	-$2.66 million	$0.46	36.29
Acadia Realty Trust	$398.16 million	7.01	$16.90 million	$0.28	72.16

Acadia Realty Trust has higher revenue and earnings than Alpine Income Property Trust. Alpine Income Property Trust is trading at a lower price-to-earnings ratio than Acadia Realty Trust, indicating that it is currently the more affordable of the two stocks.

Summary

Alpine Income Property Trust beats Acadia Realty Trust on 11 of the 18 factors compared between the two stocks.

About Alpine Income Property Trust

Alpine Income Property Trust, Inc. is a real estate investment trust that owns and manages income-producing commercial properties. Its portfolio focuses primarily on single-tenant retail properties leased to national and regional businesses, along with select other commercial real estate. Many of the company’s properties are leased under net lease agreements, in which tenants pay some or all property expenses in addition to rent. Alpine seeks to generate rental income through leases with businesses operating across a range of industries.

About Acadia Realty Trust

Acadia Realty Trust is an equity real estate investment trust that owns, operates and invests in retail properties. Its portfolio includes shopping centers and urban street-retail properties, with tenants spanning a range of retail and service businesses. The company focuses on high-barrier-to-entry markets in the United States, including major metropolitan areas. It combines a portfolio of directly owned properties with investment funds through which it partners on additional real estate investments.