$4.66 Million in Sales Expected for Alpine Income Property Trust (NASDAQ:PINE) This Quarter

Analysts predict that Alpine Income Property Trust (NASDAQ:PINE) will announce $4.66 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Alpine Income Property Trust’s earnings, with the lowest sales estimate coming in at $3.94 million and the highest estimate coming in at $5.02 million. The business is scheduled to report its next quarterly earnings report on Wednesday, October 28th.

According to Zacks, analysts expect that Alpine Income Property Trust will report full year sales of $18.13 million for the current financial year, with estimates ranging from $16.23 million to $19.13 million. For the next fiscal year, analysts expect that the firm will post sales of $25.65 million, with estimates ranging from $22.28 million to $27.67 million. Zacks’ sales calculations are an average based on a survey of research firms that follow Alpine Income Property Trust.

Alpine Income Property Trust (NASDAQ:PINE) last posted its quarterly earnings data on Wednesday, July 22nd. The company reported $0.03 EPS for the quarter, missing the Zacks’ consensus estimate of $0.22 by ($0.19). The firm had revenue of $4.59 million for the quarter, compared to the consensus estimate of $3.86 million.

Several research analysts have weighed in on the stock. BTIG Research assumed coverage on shares of Alpine Income Property Trust in a report on Thursday, June 4th. They set a “buy” rating and a $18.00 price objective on the stock. B. Riley upped their price objective on shares of Alpine Income Property Trust from $15.00 to $19.00 in a report on Wednesday, June 10th. Janney Montgomery Scott assumed coverage on shares of Alpine Income Property Trust in a report on Wednesday, June 17th. They set a “buy” rating and a $19.00 price objective on the stock. Finally, Zacks Investment Research upgraded shares of Alpine Income Property Trust from a “hold” rating to a “buy” rating and set a $16.00 price objective on the stock in a report on Wednesday, August 26th. Seven investment analysts have rated the stock with a buy rating, The company presently has an average rating of “Buy” and an average target price of $18.00.

Shares of Alpine Income Property Trust stock traded up $0.67 during trading on Friday, reaching $16.75. 92,390 shares of the company traded hands, compared to its average volume of 67,070. Alpine Income Property Trust has a 1-year low of $7.74 and a 1-year high of $19.83. The company has a 50 day moving average price of $14.64 and a 200-day moving average price of $13.76.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, September 14th. This represents a $0.80 annualized dividend and a yield of 4.78%.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Strs Ohio bought a new position in Alpine Income Property Trust during the second quarter worth about $27,000. Nisa Investment Advisors LLC boosted its position in Alpine Income Property Trust by 35.6% during the second quarter. Nisa Investment Advisors LLC now owns 2,689 shares of the company’s stock worth $44,000 after purchasing an additional 706 shares during the period. American International Group Inc. bought a new position in Alpine Income Property Trust during the second quarter worth about $67,000. Oppenheimer Asset Management Inc. bought a new position in Alpine Income Property Trust during the first quarter worth about $95,000. Finally, New York State Common Retirement Fund bought a new position in Alpine Income Property Trust during the second quarter worth about $102,000.

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.

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

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