Alpine Income Property Trust (NYSE:PINE) Director Andrew Richardson Sells 1,500 Shares of Stock

Alpine Income Property Trust, Inc. (NYSE:PINE) Director Andrew Richardson sold 1,500 shares of the stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $19.39, for a total transaction of $29,085.00. Following the completion of the sale, the director directly owned 12,376 shares of the company’s stock, valued at $239,970.64. This trade represents a 10.81% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Alpine Income Property Trust Stock Down 1.2%

Shares of NYSE:PINE opened at $19.35 on Thursday. The company has a quick ratio of 2.45, a current ratio of 2.45 and a debt-to-equity ratio of 1.08. Alpine Income Property Trust, Inc. has a 52-week low of $13.10 and a 52-week high of $20.80. The company has a 50 day moving average of $19.00 and a two-hundred day moving average of $18.24. The company has a market capitalization of $319.70 million, a price-to-earnings ratio of -215.00, a price-to-earnings-growth ratio of 1.31 and a beta of 0.56.

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 the consensus estimate 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 during 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. As a group, analysts forecast that Alpine Income Property Trust, Inc. will post 2.14 earnings per share for the current fiscal year.

Alpine Income Property Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Thursday, June 11th will be given a $0.30 dividend. The ex-dividend date of this dividend is Thursday, June 11th. This represents a $1.20 annualized dividend and a yield of 6.2%. Alpine Income Property Trust’s dividend payout ratio (DPR) is -1,333.33%.

Hedge Funds Weigh In On Alpine Income Property Trust

Several institutional investors and hedge funds have recently made changes to their positions in the business. Segall Bryant & Hamill LLC bought a new position in Alpine Income Property Trust during the first quarter worth $847,000. Bank of America Corp DE lifted its stake in Alpine Income Property Trust by 11.6% during the first quarter. Bank of America Corp DE now owns 11,750 shares of the company’s stock worth $212,000 after purchasing an additional 1,222 shares during the last quarter. Renaissance Technologies LLC lifted its stake in Alpine Income Property Trust by 87.1% during the first quarter. Renaissance Technologies LLC now owns 121,200 shares of the company’s stock worth $2,182,000 after purchasing an additional 56,422 shares during the last quarter. Public Employees Retirement System of Ohio lifted its stake in Alpine Income Property Trust by 70.4% during the first quarter. Public Employees Retirement System of Ohio now owns 25,222 shares of the company’s stock worth $454,000 after purchasing an additional 10,421 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new position in Alpine Income Property Trust during the first quarter worth $206,000. 60.50% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. JonesTrading reaffirmed a “buy” rating and issued a $22.00 price objective on shares of Alpine Income Property Trust in a research report on Friday, April 24th. Raymond James Financial upgraded Alpine Income Property Trust from an “outperform” rating to a “strong-buy” rating and set a $22.00 target price for the company in a research note on Tuesday, March 17th. Zacks Research cut Alpine Income Property Trust from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 18th. iA Financial set a $21.00 target price on Alpine Income Property Trust in a research note on Friday, February 6th. Finally, B. Riley Financial reiterated a “buy” rating on shares of Alpine Income Property Trust in a research note on Thursday, February 5th. Two analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target 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.