Alpine Income Property Trust (NYSE:PINE) Issues Earnings Results

Alpine Income Property Trust (NYSE:PINE) released its earnings results on Thursday. The company reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.38, Zacks reports. The company had revenue of $20.46 million for the quarter, compared to the consensus estimate of $20.19 million. Alpine Income Property Trust had a net margin of 9.36% and a return on equity of 2.11%.

Alpine Income Property Trust Trading Up 1.8%

Shares of PINE stock traded up $0.32 on Thursday, reaching $17.43. The company had a trading volume of 156,644 shares, compared to its average volume of 167,845. 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 has a market cap of $312.61 million, a PE ratio of 91.77, a PEG ratio of 1.17 and a beta of 0.56. The company has a 50-day moving average of $18.44 and a 200-day moving average of $19.29. Alpine Income Property Trust has a 12 month low of $13.63 and a 12 month high of $21.99.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Truist Financial lowered their price target on shares of Alpine Income Property Trust from $20.00 to $19.00 and set a “hold” rating for the company in a research report on Thursday, October 15th. Alliance Global Partners restated a “buy” rating on shares of Alpine Income Property Trust 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 objective on the stock. JonesTrading raised their price objective on shares of Alpine Income Property Trust from $22.00 to $23.00 and gave the company a “buy” rating in a research note on Friday, July 24th. Finally, Stifel Nicolaus set a $21.25 price objective on shares of Alpine Income Property Trust in a research note on Tuesday, October 13th. Three analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $21.28.

Insider Buying and Selling at Alpine Income Property Trust

In related news, Director Andrew Richardson sold 2,000 shares of Alpine Income Property Trust stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $20.28, for a total transaction of $40,560.00. Following the transaction, the director owned 8,425 shares of the company’s stock, valued at $170,859. This trade represents a 19.18% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.60% of the stock is owned by corporate insiders.

About Alpine Income Property Trust

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.