Key Points
- Director Andrew Richardson sold 3,000 shares of Alpine Income Property Trust at an average price of $19.35, totaling $58,050. After the sale, he still held 14,376 shares, a 17.27% reduction in his position.
- The company recently reported first-quarter earnings of $0.06 per share, missing analyst expectations by $0.02, though revenue of $18.41 million came in above estimates.
- Analyst sentiment remains constructive, with a consensus rating of “Buy” and an average price target of $20.36, while institutional investors hold about 60.5% of the stock.
Alpine Income Property Trust, Inc. (NYSE:PINE - Get Free Report) Director Andrew Richardson sold 3,000 shares of Alpine Income Property Trust stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $19.35, for a total transaction of $58,050.00. Following the completion of the transaction, the director directly owned 14,376 shares in the company, valued at approximately $278,175.60. The trade was a 17.27% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Alpine Income Property Trust Stock Performance
Shares of PINE opened at $19.16 on Tuesday. The company has a debt-to-equity ratio of 1.08, a quick ratio of 2.45 and a current ratio of 2.45. Alpine Income Property Trust, Inc. has a twelve month low of $13.10 and a twelve month high of $20.80. The firm's 50 day moving average price is $19.05 and its two-hundred day moving average price is $17.84. The firm has a market cap of $316.59 million, a P/E ratio of -212.91, a PEG ratio of 1.29 and a beta of 0.56.
Alpine Income Property Trust (NYSE:PINE - Get Free Report) last announced its quarterly earnings results on Thursday, April 23rd. The company reported $0.06 earnings per share for the quarter, missing analysts' consensus estimates 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 company had revenue of $18.41 million during 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, analysts forecast that Alpine Income Property Trust, Inc. will post 2.15 EPS for the current fiscal year.
Analysts Set New Price Targets
A number of research firms have recently issued reports on PINE. Truist Financial lifted their price objective on shares of Alpine Income Property Trust from $18.00 to $21.00 and gave the company a "hold" rating in a report on Wednesday, February 18th. Alliance Global Partners reiterated a "buy" rating on shares of Alpine Income Property Trust in a report on Tuesday, April 28th. JonesTrading reiterated a "buy" rating and issued a $22.00 price objective on shares of Alpine Income Property Trust in a report on Friday, April 24th. iA Financial set a $21.00 price objective on shares of Alpine Income Property Trust in a report on Friday, February 6th. Finally, Zacks Research upgraded shares of Alpine Income Property Trust from a "hold" rating to a "strong-buy" rating in a report on Tuesday, January 20th. Three equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Alpine Income Property Trust has an average rating of "Buy" and a consensus target price of $20.36.
Check Out Our Latest Stock Report on Alpine Income Property Trust
Hedge Funds Weigh In On Alpine Income Property Trust
Institutional investors have recently added to or reduced their stakes in the company. Atlantic Union Bankshares Corp acquired a new position in Alpine Income Property Trust during the third quarter worth $25,000. Triumph Capital Management acquired a new position in Alpine Income Property Trust during the fourth quarter worth $33,000. Key Capital Management INC acquired a new position in Alpine Income Property Trust during the fourth quarter worth $38,000. Strs Ohio acquired a new position in Alpine Income Property Trust during the first quarter worth $42,000. Finally, PNC Financial Services Group Inc. increased its holdings in Alpine Income Property Trust by 74.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 4,097 shares of the company's stock worth $69,000 after buying an additional 1,746 shares during the last quarter. 60.50% of the stock is currently owned by institutional investors and hedge funds.
About Alpine Income Property Trust
(
Get Free Report)
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.
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