Analysts expect that Alpine Income Property Trust (NASDAQ:PINE) will post earnings per share (EPS) of $0.22 for the current quarter, according to Zacks. Four analysts have provided estimates for Alpine Income Property Trust’s earnings, with the highest EPS estimate coming in at $0.29 and the lowest estimate coming in at $0.13. The business is expected to report its next quarterly earnings report on Monday, July 27th.

According to Zacks, analysts expect that Alpine Income Property Trust will report full-year earnings of $1.00 per share for the current financial year, with EPS estimates ranging from $0.82 to $1.18. For the next financial year, analysts expect that the company will post earnings of $1.31 per share, with EPS estimates ranging from $1.15 to $1.48. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that that provide coverage for Alpine Income Property Trust.

Alpine Income Property Trust (NASDAQ:PINE) last posted its quarterly earnings results on Monday, April 27th. The company reported $0.06 earnings per share for the quarter, meeting the consensus estimate of $0.06. The firm had revenue of $4.17 million during the quarter, compared to analysts’ expectations of $3.99 million.

Several analysts have recently weighed in on PINE shares. B. Riley increased their price target on shares of Alpine Income Property Trust from $15.00 to $19.00 in a research note on Wednesday, June 10th. Janney Montgomery Scott assumed coverage on shares of Alpine Income Property Trust in a research report on Wednesday, June 17th. They set a “buy” rating and a $19.00 price objective for the company. Robert W. Baird lowered their price objective on shares of Alpine Income Property Trust from $23.00 to $18.00 and set an “outperform” rating for the company in a research report on Tuesday, April 28th. Zacks Investment Research cut shares of Alpine Income Property Trust from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 1st. Finally, BTIG Research assumed coverage on shares of Alpine Income Property Trust in a research report on Thursday, June 4th. They set a “buy” rating and a $18.00 price objective for the company. One investment analyst has rated the stock with a sell rating and six have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $19.20.

Institutional investors have recently added to or reduced their stakes in the business. Kennedy Capital Management Inc. acquired a new stake in shares of Alpine Income Property Trust in the 4th quarter valued at $8,679,000. Macquarie Group Ltd. acquired a new stake in shares of Alpine Income Property Trust in the 4th quarter valued at $5,732,000. Deprince Race & Zollo Inc. raised its holdings in shares of Alpine Income Property Trust by 54.0% in the 1st quarter. Deprince Race & Zollo Inc. now owns 693,878 shares of the company’s stock valued at $8,542,000 after purchasing an additional 243,195 shares in the last quarter. Keeley Teton Advisors LLC acquired a new stake in shares of Alpine Income Property Trust in the 4th quarter valued at $4,354,000. Finally, Intrepid Capital Management Inc. acquired a new stake in shares of Alpine Income Property Trust in the 4th quarter valued at $2,866,000.

Shares of Alpine Income Property Trust stock traded up $0.33 during mid-day trading on Friday, hitting $13.73. The stock had a trading volume of 55,400 shares, compared to its average volume of 73,940. The firm has a 50-day moving average of $14.58 and a two-hundred day moving average of $15.30. Alpine Income Property Trust has a 12-month low of $7.74 and a 12-month high of $19.83.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were issued a dividend of $0.20 per share. The ex-dividend date was Friday, June 12th. This represents a $0.80 dividend on an annualized basis and a yield of 5.83%.

Alpine Income Property Trust Company Profile

Alpine Income Property Trust, Inc is a newly organized real estate company that owns and operates a portfolio of high-quality single-tenant net lease commercial properties, all of which are leased on a long-term basis and located primarily in or in close proximity to major metropolitan statistical areas.

Featured Story: What is the Difference Between Common Shares and Convertible Shares?

Get a free copy of the Zacks research report on Alpine Income Property Trust (PINE)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Alpine Income Property Trust (NASDAQ:PINE)

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.