Alpine Income Property Trust, Inc. Plans Quarterly Dividend of $0.30 (NYSE:PINE)

Alpine Income Property Trust, Inc. (NYSE:PINE) declared a quarterly dividend on Wednesday, May 27th. Shareholders of record on Thursday, June 11th will be given a dividend of 0.30 per share on Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 6.2%. The ex-dividend date of this dividend is Thursday, June 11th.

Alpine Income Property Trust has increased its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 3 years. Alpine Income Property Trust has a dividend payout ratio of 4,000.0% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Alpine Income Property Trust to earn $2.09 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 57.4%.

Alpine Income Property Trust Price Performance

Alpine Income Property Trust stock opened at $19.35 on Thursday. Alpine Income Property Trust has a 52 week low of $13.10 and a 52 week high of $20.80. The company’s 50 day moving average price is $19.00 and its two-hundred day moving average price is $18.24. The company has a quick ratio of 2.45, a current ratio of 2.45 and a debt-to-equity ratio of 1.08. The stock has a market cap of $319.70 million, a P/E ratio of -215.00, a P/E/G ratio of 1.31 and a beta of 0.56.

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

Analyst Ratings Changes

Several equities analysts have commented on the stock. Truist Financial dropped their target price on shares of Alpine Income Property Trust from $21.00 to $20.00 and set a “hold” rating on the stock in a research report on Thursday, May 21st. Zacks Research cut Alpine Income Property Trust from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 18th. Raymond James Financial upgraded Alpine Income Property Trust from an “outperform” rating to a “strong-buy” rating and set a $22.00 target price on the stock in a research note on Tuesday, March 17th. Cantor Fitzgerald upgraded Alpine Income Property Trust to a “strong-buy” rating in a research note on Wednesday, February 4th. Finally, JonesTrading reiterated a “buy” rating and set a $22.00 target price on shares of Alpine Income Property Trust in a research note on Friday, April 24th. Two investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $20.21.

Alpine Income Property Trust Company Profile

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.