Alpine Income Property Trust is set to release its earnings data on Thursday, April 20th, and eager investors are anticipating the results. Analysts forecast earnings of $0.38 per share for the quarter, however, with market conditions constantly changing, it remains to be seen how accurate these predictions will be.
The company’s stock opened at $16.05 on Thursday, reflecting a twelve month low of $15.41 and a twelve month high of $20.79. Alpine Income Property Trust currently has a market capitalization of $225.66 million, with a price-to-earnings ratio of 7.40, PEG ratio of 1.76 and beta value of 0.80.
Despite market volatility, the company continues to maintain a strong financial position with a healthy payout ratio of 50.69%, as demonstrated by its quarterly dividend paid on Friday, March 31st to shareholders of record on Thursday, March 9th that was valued at $0.275 per share; which in turn represents an annualized basis of $1.10 for every outstanding share held by investors.
Recent trading activity has seen investors take significant positions in Alpine Income Property Trust shares during the first quarter driven largely by large institutional investors as disclosed by filings with the Securities and Exchange Commission (SEC). For instance – Renaissance Technologies LLC now owns 180k shares after buying additional approximaletyly123k shares last quarter while Vanguard Group Inc owns over half million shares worth more than $$10m.
Alpine Income Property Trust boasts healthy financials which have led analysts predicting positive earnings results prior to its forthcoming earnings report; should these forecasts prove true then we may see an increase in investor interest in the trust further increasing its already formidable financial position.
Institutional Investors Boost Stakes in Alpine Income Property Trust, Inc. as Ratings Upgrade Signals Buy Opportunity
Alpine Income Property Trust, Inc. recently experienced a significant surge in investment interest from institutional investors as evidenced by the acquisition of shares from large investment firms such as Two Sigma Investments and Renaissance Technologies LLC. These financial institutions have acquired and sold Alpine Income Property Trust shares in the last quarter, boosting their stakes by a significant margin. Specifically, Two Sigma Investments LP boosted its stake by 338%, acquiring an additional 149,482 shares during the last quarter. Renaissance Technologies LLC also raised its position in Alpine Income Property Trust by 215.5% during the same period.
Vanguard Group Inc. followed suit by increasing its stake in shares of Alpine Income Property Trust by a whopping 27% during the first quarter of this year. Vanguard Group now owns 555,748 company shares valued at $10,448,000 after obtaining an additional 118,120 shares during the period in question. Millennium Management LLC was not left behind either as it raised its stake in Alpine Income Property Trust by 162.9% to own over 145,000 company shares valued at $2,777,000.
Marshall Wace LLP also joined these investors when they bought a new position in Alpine Income Property Trust worth $1,560,000 during the last quarter alone. Together with other institutional investors who have been investing heavily in this real estate investment trust (REIT), they now own up to 73.69% of the company’s stock.
The increase in investment interest from institutional firms corresponded with ratings upgrades for Alpine Income Property Trust stock. EF Hutton Acquisition Co.I lifted their target price on Alpine Income Property Trust from $22.00 to $23.00 and gave them a “buy” rating on Monday February 13th while Jonestrading raised their price objective even higher from $22 to $24 and rated them as a “buy” stock offering immense potential returns to investors.
In concert with these positive reviews, Raymond James analysts reduced their price objective albeit only slightly, from $21.00 to $20.00 and maintained an “outperform” rating on the stock in a research note on Thursday April 6th, attributing this minor revision to recent company developments.
In related news, major shareholder CTO Realty Growth Inc increased interest in the company by purchasing 12,639 shares valued at $206,142.09 in March 2023. This recently concluded acquisition follows three quarters of insider purchases amounting to 84,522 shares valued at $1,369,891 indicating strong confidence and belief in the companies performance potential. At present, corporate insiders own up to 0.50% of the company’s stock.
Despite some drawbacks as indicated by Raymond James’ latest report reducing its price objectives for the firm’s stock; Alpine Income Property Trust is sure to remain among investors’ favorite stocks going forward. With ongoing strong demand for shares from institutional investors and consistent insider buys- all fundamental improvements consolidated with promising growth prospects- Alpine Income Property Trust will likely continue delivering its promised high returns with guarantees of long-term financial success for its investors in years ahead.’