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 value of $56,526.72. Following the transaction, the director owned 9,544 shares of the company’s stock, valued at $190,498.24. The trade was a 22.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Alpine Income Property Trust Trading Up 2.7%

Shares of NYSE:PINE traded up $0.54 during mid-day trading on Friday, reaching $20.79. The stock had a trading volume of 604,218 shares, compared to its average volume of 180,404. The firm has a market cap 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. 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 current ratio of 2.45, a quick ratio of 2.45 and a debt-to-equity ratio of 1.08. Alpine Income Property Trust, Inc. has a twelve month low of $13.10 and a twelve month high of $21.20.

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

Alpine Income Property Trust Dividend Announcement

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

Institutional Investors Weigh In On Alpine Income Property Trust

Several institutional investors have recently added to or reduced their stakes in PINE. Sound Income Strategies LLC grew its stake in shares of Alpine Income Property Trust by 8.0% during the 4th quarter. Sound Income Strategies LLC now owns 1,216,494 shares of the company’s stock worth $21,349,000 after acquiring an additional 90,320 shares in the last quarter. Globeflex Capital L P raised its holdings in shares of Alpine Income Property Trust by 83.0% in the fourth quarter. Globeflex Capital L P now owns 73,955 shares of the company’s stock valued at $1,237,000 after purchasing an additional 33,536 shares during the last quarter. Gabelli Funds LLC lifted its position in shares of Alpine Income Property Trust by 25.2% in the fourth quarter. Gabelli Funds LLC now owns 205,016 shares of the company’s stock worth $3,428,000 after purchasing an additional 41,280 shares in the last quarter. Eurizon Capital SGR S.p.A. bought a new stake in shares of Alpine Income Property Trust in the fourth quarter worth $127,000. Finally, Huntington National Bank acquired a new position in Alpine Income Property Trust during the fourth quarter worth $127,000. 60.50% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Alpine Income Property Trust in a research note on Friday, April 24th. Zacks Research cut Alpine Income Property Trust from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 18th. JonesTrading restated a “buy” rating and issued a $22.00 price target on shares of Alpine Income Property Trust in a report on Friday, April 24th. Raymond James Financial raised Alpine Income Property Trust from an “outperform” rating to a “strong-buy” rating and set a $22.00 price target on the stock in a research report on Tuesday, March 17th. Finally, Truist Financial cut their price objective on Alpine Income Property Trust from $21.00 to $20.00 and set a “hold” rating on the stock in a report on Thursday, May 21st. Two analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company 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.