Electronic income

Alpine Income Property Trust, Inc. Fiscal Year 2021 Earnings Estimate Released by Truist Financial (NYSE:PINE)

Alpine Income Property Trust, Inc. (NYSE:PINE) – Truist Financial released its earnings estimates for Alpine Income Property Trust’s fiscal year 2021 in a research report delivered to clients and investors on Thursday, January 27. Truist Financial analyst A. Hau expects the company to earn $1.56 per share for the year. Truist Financial has a “Hold” rating and a price target of $20.00 on the stock. Truist Financial also released estimates for Alpine Income Property Trust fourth quarter 2021 earnings at $0.40, fiscal year 2022 earnings at $1.62, fiscal year 2023 earnings at $1.11 USD, earnings for fiscal year 2024 at $1.71, earnings for fiscal year 2025 at $1.79, and earnings for fiscal year 2026 at $1.87.

PINE has been the subject of several other research reports. B. Riley reaffirmed a “buy” rating on shares of Alpine Income Property Trust in a Tuesday, October 26 research note. Zacks Investment Research upgraded Alpine Income Property Trust from a “hold” rating to a “buy” rating and set a target price of $23.00 for the company in a research note on Saturday, January 8. Finally, TheStreet upgraded Alpine Income Property Trust from a ‘d+’ rating to a ‘c’ rating in a Friday 22 October research note. One research analyst gave the stock a hold rating and five gave the company’s stock a buy rating. Based on MarketBeat data, Alpine Income Property Trust currently has an average rating of “Buy” and a consensus price target of $21.08.

Shares of PINE opened at $19.58 on Monday. The company has a market capitalization of $221.31 million, a P/E ratio of 115.18, a P/E/G ratio of 2.20 and a beta of 0.94. The stock has a 50-day simple moving average of $19.15 and a 200-day simple moving average of $18.98. The company has a debt ratio of 0.87, a current ratio of 3.05 and a quick ratio of 3.05. Alpine Income Property Trust has a 1-year minimum of $15.15 and a 1-year maximum of $21.07.

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A number of institutional investors and hedge funds have recently bought and sold shares of the company. Koshinski Asset Management Inc. bought a new position in shares of Alpine Income Property Trust during the third quarter at a value of $29,000. Steward Partners Investment Advisory LLC bought a new position in shares of Alpine Income Property Trust during the second quarter at a value of $32,000. Daiwa Securities Group Inc. bought a new position in shares of Alpine Income Property Trust during the third quarter worth $48,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. bought a new stake in shares of Alpine Income Property Trust during the third quarter at a value of $77,000. Finally, Advisor Group Holdings Inc. increased its position in shares of Alpine Income Property Trust by 1,150.0% during the second quarter. Advisor Group Holdings Inc. now owns 4,250 shares of the company valued at $81,000 after buying 3,910 additional shares in the last quarter. Institutional investors and hedge funds own 54.54% of the company’s shares.

In other news from Alpine Income Property Trust, major shareholder Cto Realty Growth, Inc. purchased 4,916 shares of the company in a transaction that took place on Wednesday, December 1. The stock was purchased at an average price of $17.60 per share, for a total transaction of $86,521.60. The purchase was disclosed in a filing with the Securities & Exchange Commission, accessible via this link. In the past three months, insiders have purchased 7,088 shares of the company valued at $125,025. Insiders own 0.29% of the shares of the company.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 30. Shareholders of record on Thursday, December 9 received a dividend of $0.27 per share. This represents a dividend of $1.08 on an annualized basis and a dividend yield of 5.52%. The ex-dividend date was Wednesday, December 8. This is a positive change from Alpine Income Property Trust’s previous quarterly dividend of $0.26. Alpine Income Property Trust’s dividend payout rate is 635.29%.

Company Profile Alpine Income Property Trust

Alpine Income Property Trust, Inc. (NYSE: PINE) is a publicly traded real estate investment trust that acquires, owns and operates a portfolio of high-quality, single-tenant commercial income properties.

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