Alpine Income Property Trust (NYSE:PINE – Get Free Report) updated its FY 2024 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 1.530-1.580 for the period, compared to the consensus estimate of 1.540. The company issued revenue guidance of -.
Wall Street Analyst Weigh In
A number of research firms recently commented on PINE. Jonestrading dropped their price objective on Alpine Income Property Trust from $20.00 to $19.00 and set a buy rating for the company in a research report on Monday, February 12th. Alliance Global Partners began coverage on Alpine Income Property Trust in a report on Thursday, April 11th. They issued a buy rating and a $19.00 price target for the company. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Alpine Income Property Trust currently has an average rating of Buy and an average price target of $19.60.
Read Our Latest Research Report on Alpine Income Property Trust
Alpine Income Property Trust Stock Up 0.1 %
Alpine Income Property Trust Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were issued a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 7.54%. The ex-dividend date was Wednesday, March 13th. Alpine Income Property Trust’s payout ratio is currently 578.98%.
Institutional Trading of Alpine Income Property Trust
Institutional investors have recently modified their holdings of the company. PNC Financial Services Group Inc. purchased a new stake in shares of Alpine Income Property Trust during the 4th quarter worth about $26,000. State of Wyoming purchased a new stake in shares of Alpine Income Property Trust during the 2nd quarter worth about $29,000. JPMorgan Chase & Co. grew its holdings in shares of Alpine Income Property Trust by 17.5% during the 4th quarter. JPMorgan Chase & Co. now owns 4,275 shares of the company’s stock worth $82,000 after purchasing an additional 636 shares during the period. California State Teachers Retirement System purchased a new stake in shares of Alpine Income Property Trust during the 2nd quarter worth about $70,000. Finally, Rockefeller Capital Management L.P. purchased a new stake in shares of Alpine Income Property Trust during the 2nd quarter worth about $103,000. Hedge funds and other institutional investors own 60.50% of the company’s stock.
About Alpine Income Property Trust
Alpine Income Property Trust, Inc (NYSE: PINE) is a publicly traded real estate investment trust that seeks to deliver attractive risk-adjusted returns and dependable cash dividends by investing in, owning and operating a portfolio of single tenant net leased properties that are predominately leased to high-quality publicly traded and credit-rated tenants.
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