Alpine Income Property Trust, Inc. (PINE) To Go Ex-Dividend on September 10th

Alpine Income Property Trust, Inc. (NYSE:PINE) declared a quarterly dividend on Tuesday, July 14th. Stockholders of record on Thursday, September 10th will be given a dividend of 0.32 per share on Wednesday, September 30th. This represents a c) annualized dividend and a dividend yield of 6.5%. The ex-dividend date is Thursday, September 10th. This is a 6.7% increase from Alpine Income Property Trust’s previous quarterly dividend of $0.30.

Alpine Income Property Trust has raised its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 3 years. Alpine Income Property Trust has a payout ratio of 4,266.7% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Alpine Income Property Trust to earn $2.02 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 63.4%.

Alpine Income Property Trust Trading Down 0.3%

Shares of PINE opened at $19.59 on Tuesday. Alpine Income Property Trust has a 12-month low of $13.10 and a 12-month high of $21.99. The firm has a market capitalization of $345.18 million, a P/E ratio of 103.11, a P/E/G ratio of 1.30 and a beta of 0.54. The firm has a 50-day moving average price of $20.14 and a 200 day moving average price of $19.59. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 1.03.

Alpine Income Property Trust (NYSE:PINE) last posted its earnings results on Thursday, July 23rd. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.02. The company had revenue of $20.00 million for the quarter, compared to analyst estimates of $18.85 million. Alpine Income Property Trust had a net margin of 9.36% and a return on equity of 2.11%. Alpine Income Property Trust has set its FY 2026 guidance at 2.120-2.150 EPS. Sell-side analysts forecast that Alpine Income Property Trust will post 2.16 EPS for the current year.

Insider Activity at Alpine Income Property Trust

In other news, Director Andrew Richardson sold 2,000 shares of the business’s stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $20.28, for a total value of $40,560.00. Following the completion of the sale, the director directly owned 8,425 shares of the company’s stock, valued at approximately $170,859. The trade was a 19.18% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.60% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in PINE. Jane Street Group LLC grew its position in shares of Alpine Income Property Trust by 55.9% during the first quarter. Jane Street Group LLC now owns 22,479 shares of the company’s stock worth $376,000 after acquiring an additional 8,061 shares during the last quarter. Strs Ohio purchased a new stake in Alpine Income Property Trust in the 1st quarter valued at $42,000. Geode Capital Management LLC boosted its stake in Alpine Income Property Trust by 5.8% during the 2nd quarter. Geode Capital Management LLC now owns 327,734 shares of the company’s stock worth $4,822,000 after purchasing an additional 17,947 shares during the period. Rhumbline Advisers boosted its stake in Alpine Income Property Trust by 36.5% during the 2nd quarter. Rhumbline Advisers now owns 28,181 shares of the company’s stock worth $415,000 after purchasing an additional 7,529 shares during the period. Finally, Hsbc Holdings PLC grew its position in Alpine Income Property Trust by 42.3% during the 2nd quarter. Hsbc Holdings PLC now owns 27,866 shares of the company’s stock worth $412,000 after purchasing an additional 8,278 shares during the last quarter. Institutional investors and hedge funds own 60.50% of the company’s stock.

About Alpine Income Property Trust

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.