Streetbeat News

PINE

Alpine Income Property Trust, Inc.

https://www.alpinereit.com

Industry

REIT - Retail

Alpine Income Property Trust, Inc. (NYSE: PINE) is a publicly traded real estate investment trust that acquires, owns and operates a portfolio of high-quality single-tenant net leased commercial income properties.

Open

17.80

Mkt cap

252M

Volume

62K

High

17.84

P/E Ratio

76.70

52-wk high

19.42

Low

17.60

Div yield

0.06

52-wk low

14.32

Alpine Income Prop Trust has increased its FY2024 FFO guidance from $1.58-1.62 to $1.67-1.69, surpassing the analyst estimate of $1.64.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 8:54 pm

Alpine Income Prop Trust (NYSE:PINE) reported Q3 2024 earnings of $0.45 per share, surpassing the $0.40 estimate and showing a 21.62% increase from last year. Sales reached $13.480M, beating the $12.028M estimate and marking a 16.62% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 8:12 pm

Alpine Income Prop Trust (NYSE:PINE) is set to release its quarterly earnings on October 17, 2024, with analysts expecting an EPS of $0.40. The company has a history of beating estimates, which previously led to slight stock price increases. Analysts maintain a 'Buy' rating with a price target of $19.04, suggesting a potential 10.38% upside. The company shows strong revenue growth and gross profit compared to peers but struggles with net margin and return on assets.

Portfolio Pulse from Benzinga Insights

October 16, 2024 | 4:02 pm

Alpine Income Prop Trust (NYSE:PINE) has been analyzed by 7 analysts, showing a range of opinions from bullish to bearish. The average 12-month price target has increased by 5.31% to $19.04. Analysts have adjusted their ratings and price targets, reflecting their views on the company's market position and financial performance.

Portfolio Pulse from Benzinga Insights

October 14, 2024 | 5:01 pm

UBS analyst Michael Goldsmith has initiated coverage on Alpine Income Prop Trust (NYSE:PINE) with a Neutral rating and set a price target of $19.

Portfolio Pulse from Benzinga Newsdesk

October 14, 2024 | 1:19 pm

Alpine Income Prop Trust (NYSE:PINE) has received varied analyst ratings over the past three months, with a majority being bullish. Analysts have adjusted their price targets upwards, indicating positive sentiment. The company's financials show a mixed performance with strong ROE but challenges in revenue growth and net margin.

Portfolio Pulse from Benzinga Insights

September 25, 2024 | 1:00 pm

Jones Trading analyst Jason Weaver has reiterated a Buy rating for Alpine Income Property Trust (NYSE:PINE) with a maintained price target of $19.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2024 | 12:46 pm

Alpine Income Prop Trust (NYSE:PINE) has been analyzed by 5 analysts, showing a range of ratings from bullish to indifferent. The average 12-month price target has increased by 6.42% to $19.05. Analysts have raised their ratings and price targets, indicating a positive outlook. Despite this, the company's revenue growth and net margin lag behind industry averages, though it has a strong ROE and conservative debt management.

Portfolio Pulse from Benzinga Insights

August 21, 2024 | 12:00 pm

Raymond James analyst RJ Milligan has maintained an 'Outperform' rating on Alpine Income Prop Trust (NYSE:PINE) and raised the price target from $18 to $19.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 10:01 am

In the past three months, four analysts have provided ratings for Alpine Income Prop Trust (NYSE:PINE), with three being bullish and one indifferent. The average 12-month price target has increased by 6.6% to $19.06. Analysts from Truist Securities, B. Riley Securities, Jones Trading, and Stifel have all raised their price targets recently.

Portfolio Pulse from Benzinga Insights

July 30, 2024 | 3:00 pm

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