Alpine Income Property Trust (NYSE:PINE – Get Free Report) issued its quarterly earnings data on Thursday. The company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.19), Yahoo Finance reports. The business had revenue of $13.48 million during the quarter, compared to the consensus estimate of $12.08 million. Alpine Income Property Trust had a negative return on equity of 0.20% and a negative net margin of 1.16%. During the same quarter last year, the company earned $0.37 EPS. Alpine Income Property Trust updated its FY 2024 guidance to 1.670-1.690 EPS.
Alpine Income Property Trust Trading Up 4.5 %
NYSE PINE traded up $0.80 on Friday, hitting $18.47. 203,908 shares of the stock were exchanged, compared to its average volume of 57,928. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.88 and a current ratio of 0.88. Alpine Income Property Trust has a 52-week low of $14.25 and a 52-week high of $19.42. The firm has a market capitalization of $251.75 million, a P/E ratio of -461.75, a P/E/G ratio of 1.74 and a beta of 0.80. The stock has a fifty day moving average price of $18.04 and a two-hundred day moving average price of $16.50.
Alpine Income Property Trust Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 12th were given a dividend of $0.28 per share. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $1.12 annualized dividend and a dividend yield of 6.06%. This is an increase from Alpine Income Property Trust’s previous quarterly dividend of $0.28. Alpine Income Property Trust’s payout ratio is currently -2,800.00%.
Wall Street Analysts Forecast Growth
Get Our Latest Report on Alpine Income Property Trust
Alpine Income Property Trust Company Profile
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.
See Also
- Five stocks we like better than Alpine Income Property Trust
- How to Start Investing in Real Estate
- Misses and Beats: 3 Stocks That Are Moving Markets Right Now
- ETF Screener: Uses and Step-by-Step Guide
- Cisco on the Rise: AI Potential and Analyst Upgrades Drive Gains
- What is Put Option Volume?
- MarketBeat Week in Review – 10/14 – 10/18
Receive News & Ratings for Alpine Income Property Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alpine Income Property Trust and related companies with MarketBeat.com's FREE daily email newsletter.