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.
IPO Year: 2019
Exchange: NYSE
Website: alpinereit.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
4/11/2024 | $19.00 | Buy | Alliance Global Partners |
2/2/2022 | $23.00 | Buy | JonesTrading |
1/27/2022 | $20.00 | Hold | Truist |
9/15/2021 | $21.00 | Buy | Stifel |
WINTER PARK, Fla., Aug. 21, 2024 (GLOBE NEWSWIRE) -- CTO Realty Growth, Inc. (NYSE:CTO) (the "Company" or "CTO") today announced closing the acquisition of a portfolio of three open-air shopping centers (the "Three Property Portfolio") for a purchase price of $137.5 million. The Three Property Portfolio consists of Carolina Pavilion in Charlotte, North Carolina; Millenia Crossing in Orlando, Florida; and Lake Brandon Village in Tampa, Florda. Additionally, on August 15, 2024, the Company closed the sale of Jordan Landing located in West Jordan, Utah for $18.0 million. The Company's property portfolio, after closing of the above transactions, has increased approximately 19% with respect to
WINTER PARK, Fla., Aug. 20, 2024 (GLOBE NEWSWIRE) -- CTO Realty Growth, Inc. (NYSE:CTO) (the "Company" or "CTO") announced today that its Board of Directors has authorized, and the Company has declared, a quarterly cash dividend of $0.38 per share of common stock for the third quarter of 2024 (the "Common Stock Cash Dividend"). The Common Stock Cash Dividend represents an annualized yield of approximately 7.9% based on the closing price of the Company's common stock on August 19, 2024. The Common Stock Cash Dividend is payable on September 30, 2024, to stockholders of record as of the close of business on September 12, 2024, and the ex-dividend date for the Common Stock Cash Dividend is S
WINTER PARK, Fla., Aug. 20, 2024 (GLOBE NEWSWIRE) -- Alpine Income Property Trust, Inc. (NYSE:PINE) (the "Company") announced today that its Board of Directors has authorized, and the Company has declared, a quarterly cash dividend of $0.280 per share of common stock for the third quarter of 2024 (the "Common Stock Cash Dividend"). The Common Stock Cash Dividend represents a 1.8% increase as compared to the Company's previous quarterly cash dividend of $0.275 per share of common stock and an annualized yield of approximately 6.4% based on the closing price of the Company's common stock on August 19, 2024. The Common Stock Cash Dividend is payable on September 30, 2024, to stockholders of
WINTER PARK, Fla., Aug. 08, 2024 (GLOBE NEWSWIRE) -- CTO Realty Growth, Inc. (NYSE:CTO) (the "Company") today announced that it has entered into a purchase and sale agreement for the acquisition of a three-property portfolio (the "Three Property Portfolio") for a purchase price of $137.5 million. The Three Property Portfolio consists of three open-air shopping centers located in Charlotte, North Carolina; Orlando, Florida; and Tampa, Florida, with an aggregate gross leasable area of approximately 0.9 million square feet which are approximately 94.2% leased, with a weighted average remaining lease term of 6.2 years as of August 7, 2024. Additionally, on August 1, 2024, the Compa
WINTER PARK, Fla., Aug. 02, 2024 (GLOBE NEWSWIRE) -- Alpine Income Property Trust, Inc. (NYSE:PINE) (the "Company") today announced updated year-to-date 2024 investment and disposition activities. 2024 Investment Activity During the third quarter, the Company acquired four net leased retail properties for $37.5 million at a weighted average initial cap rate of 8.8%. Three properties, all located in the greater Tampa Bay, FL area, were purchased for $31.4 million as a sale-leaseback transaction with a subsidiary of Beachside Hospitality Group at an initial cap rate of 9.0%. The leases have a lease term of 30 years and include 2.0% annual escalations. The fourth property, an outparcel to t
WINTER PARK, Fla., July 25, 2024 (GLOBE NEWSWIRE) -- CTO Realty Growth, Inc. (NYSE:CTO) (the "Company" or "CTO") today announced its operating results and earnings for the quarter ended June 30, 2024. Second Quarter and Recent Highlights Reported Net Loss per diluted share attributable to common stockholders of $(0.03) for the quarter ended June 30, 2024.Reported Core FFO per diluted share attributable to common stockholders of $0.45 for the quarter ended June 30, 2024.Reported AFFO per diluted share attributable to common stockholders of $0.48 for the quarter ended June 30, 2024.Received net proceeds of $33.1 million from the completion of a follow-on public offering of 1,71
WINTER PARK, Fla., July 18, 2024 (GLOBE NEWSWIRE) -- Alpine Income Property Trust, Inc. (NYSE:PINE) (the "Company" or "PINE") today announced its operating results and earnings for the quarter ended June 30, 2024. Select Highlights Reported Net Income per diluted share attributable to the Company of $0.01 for the quarter ended June 30, 2024.Reported both FFO and AFFO per diluted share of $0.43 for the quarter ended June 30, 2024, an increase of 16.2% from the comparable prior year period.Acquired a net lease retail property which is 100% leased to two investment grade tenants for $14.6 million.Sold two net lease retail properties leased to non-investment grade rated tenants, for total di
WINTER PARK, Fla., June 26, 2024 (GLOBE NEWSWIRE) -- Alpine Income Property Trust, Inc. (NYSE:PINE) (the "Company") announced today that it will report its financial and operating results for the second quarter of 2024 after the market closes on Thursday, July 18, 2024. The Company will host a conference call to discuss its financial and operating results for the second quarter of 2024 at 9:00 AM ET on Friday, July 19, 2024. A live webcast of the call will be available on the Investor Relations page of the Company's website at www.alpinereit.com or at the link provided in the event details below. To access the call by phone, please go to the registration link provided in the event details
WINTER PARK, Fla., June 26, 2024 (GLOBE NEWSWIRE) -- CTO Realty Growth (NYSE:CTO) (the "Company") announced today that it will report its financial and operating results for the second quarter of 2024 after the market closes on Thursday, July 25, 2024. The Company will host a conference call to discuss its financial and operating results for the second quarter of 2024 at 9:00 AM ET on Friday, July 26, 2024. A live webcast of the call will be available on the Investor Relations page of the Company's website at www.ctoreit.com or at the link provided in the event details below. To access the call by phone, please go to the registration link provided in the event details below and you will b
WINTER PARK, Fla., June 21, 2024 (GLOBE NEWSWIRE) -- Alpine Income Property Trust, Inc. (NYSE:PINE) (the "Company") today announced its year-to-date 2024 investment and disposition activities. 2024 Investment Activity During the second quarter, the Company acquired a two-tenant net leased retail property for $14.6 million. The property is 100% leased to investment grade rated tenants Best Buy and Golf Galaxy (Dick's Sporting Goods) and has a weighted average remaining lease term of 4.6 years. The property is approximately 101,000 square feet and is situated on 7.38 acres.Additionally, during the quarter, the Company originated a 15-month first mortgage structured investment totaling $6.1
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4 - Alpine Income Property Trust, Inc. (0001786117) (Issuer)
4 - Alpine Income Property Trust, Inc. (0001786117) (Issuer)
WINTER PARK, Fla., Jan. 18, 2022 (GLOBE NEWSWIRE) -- CTO Realty Growth, Inc. (NYSE:CTO) (the "Company" or "CTO") today announced the appointment of Christopher J. Drew to its Board of Directors (the "Board"), such appointment to be effective January 18, 2022. Mr. Drew is a Senior Managing Director of JLL Capital Markets, Americas and co-head of JLL's Miami office. He joined JLL as part of the HFF acquisition and has more than a decade of commercial real estate experience. His primary responsibilities at JLL include overseeing the day-to-day operations of the Miami office and arranging joint venture equity, preferred equity, mezzanine financing and senior level financing for real estat
DAYTONA BEACH, Fla., Feb. 11, 2021 (GLOBE NEWSWIRE) -- Alpine Income Property Trust, Inc. (NYSE: PINE) (the “Company” or “PINE”) today announced its operating results and earnings for the quarter and year ended December 31, 2020. Select Highlights Reported Net Income per diluted share attributable to the Company of $0.02 and $0.11 for the quarter and year ended December 31, 2020, respectively.Reported FFO per diluted share of $0.36 and $1.23 for the quarter and year ended December 31, 2020, respectively.Reported AFFO per diluted share of $0.36 and $1.04 for the quarter and year ended December 31, 2020, respectively.Collected 100% of the Contractual Base Rent (as defined below) due fo
4 - Alpine Income Property Trust, Inc. (0001786117) (Issuer)
4/A - Alpine Income Property Trust, Inc. (0001786117) (Issuer)
4/A - Alpine Income Property Trust, Inc. (0001786117) (Issuer)
4/A - Alpine Income Property Trust, Inc. (0001786117) (Issuer)
4 - Alpine Income Property Trust, Inc. (0001786117) (Issuer)
4 - Alpine Income Property Trust, Inc. (0001786117) (Issuer)
4 - Alpine Income Property Trust, Inc. (0001786117) (Issuer)
4 - Alpine Income Property Trust, Inc. (0001786117) (Issuer)
4 - Alpine Income Property Trust, Inc. (0001786117) (Issuer)
4 - Alpine Income Property Trust, Inc. (0001786117) (Issuer)
Alliance Global Partners initiated coverage of Alpine Income Property Trust with a rating of Buy and set a new price target of $19.00
JonesTrading initiated coverage of Alpine Income Prop Trust with a rating of Buy and set a new price target of $23.00
Truist initiated coverage of Alpine Income Property Trust with a rating of Hold and set a new price target of $20.00
Stifel initiated coverage of Alpine Income Prop Trust with a rating of Buy and set a new price target of $21.00
Raymond James reiterated coverage of Alpine Income Property Trust with a rating of Outperform and set a new price target of $23.00 from $20.00 previously
Raymond James reiterated coverage of Alpine Income Prop Trust with a rating of Outperform and set a new price target of $23.00 from $20.00 previously
B. Riley resumed coverage of Alpine Income Property Trust with a rating of Buy and set a new price target of $22.00 from $19.00 previously
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8-K - Alpine Income Property Trust, Inc. (0001786117) (Filer)
8-K - Alpine Income Property Trust, Inc. (0001786117) (Filer)
10-Q - Alpine Income Property Trust, Inc. (0001786117) (Filer)
8-K - Alpine Income Property Trust, Inc. (0001786117) (Filer)
8-K - Alpine Income Property Trust, Inc. (0001786117) (Filer)
DEFA14A - Alpine Income Property Trust, Inc. (0001786117) (Filer)
10-Q - Alpine Income Property Trust, Inc. (0001786117) (Filer)
8-K - Alpine Income Property Trust, Inc. (0001786117) (Filer)
ARS - Alpine Income Property Trust, Inc. (0001786117) (Filer)
DEFA14A - Alpine Income Property Trust, Inc. (0001786117) (Filer)
WINTER PARK, Fla., Aug. 20, 2024 (GLOBE NEWSWIRE) -- CTO Realty Growth, Inc. (NYSE:CTO) (the "Company" or "CTO") announced today that its Board of Directors has authorized, and the Company has declared, a quarterly cash dividend of $0.38 per share of common stock for the third quarter of 2024 (the "Common Stock Cash Dividend"). The Common Stock Cash Dividend represents an annualized yield of approximately 7.9% based on the closing price of the Company's common stock on August 19, 2024. The Common Stock Cash Dividend is payable on September 30, 2024, to stockholders of record as of the close of business on September 12, 2024, and the ex-dividend date for the Common Stock Cash Dividend is S
WINTER PARK, Fla., Aug. 20, 2024 (GLOBE NEWSWIRE) -- Alpine Income Property Trust, Inc. (NYSE:PINE) (the "Company") announced today that its Board of Directors has authorized, and the Company has declared, a quarterly cash dividend of $0.280 per share of common stock for the third quarter of 2024 (the "Common Stock Cash Dividend"). The Common Stock Cash Dividend represents a 1.8% increase as compared to the Company's previous quarterly cash dividend of $0.275 per share of common stock and an annualized yield of approximately 6.4% based on the closing price of the Company's common stock on August 19, 2024. The Common Stock Cash Dividend is payable on September 30, 2024, to stockholders of
WINTER PARK, Fla., Aug. 08, 2024 (GLOBE NEWSWIRE) -- CTO Realty Growth, Inc. (NYSE:CTO) (the "Company") today announced that it has entered into a purchase and sale agreement for the acquisition of a three-property portfolio (the "Three Property Portfolio") for a purchase price of $137.5 million. The Three Property Portfolio consists of three open-air shopping centers located in Charlotte, North Carolina; Orlando, Florida; and Tampa, Florida, with an aggregate gross leasable area of approximately 0.9 million square feet which are approximately 94.2% leased, with a weighted average remaining lease term of 6.2 years as of August 7, 2024. Additionally, on August 1, 2024, the Compa
WINTER PARK, Fla., Aug. 02, 2024 (GLOBE NEWSWIRE) -- Alpine Income Property Trust, Inc. (NYSE:PINE) (the "Company") today announced updated year-to-date 2024 investment and disposition activities. 2024 Investment Activity During the third quarter, the Company acquired four net leased retail properties for $37.5 million at a weighted average initial cap rate of 8.8%. Three properties, all located in the greater Tampa Bay, FL area, were purchased for $31.4 million as a sale-leaseback transaction with a subsidiary of Beachside Hospitality Group at an initial cap rate of 9.0%. The leases have a lease term of 30 years and include 2.0% annual escalations. The fourth property, an outparcel to t
WINTER PARK, Fla., July 18, 2024 (GLOBE NEWSWIRE) -- Alpine Income Property Trust, Inc. (NYSE:PINE) (the "Company" or "PINE") today announced its operating results and earnings for the quarter ended June 30, 2024. Select Highlights Reported Net Income per diluted share attributable to the Company of $0.01 for the quarter ended June 30, 2024.Reported both FFO and AFFO per diluted share of $0.43 for the quarter ended June 30, 2024, an increase of 16.2% from the comparable prior year period.Acquired a net lease retail property which is 100% leased to two investment grade tenants for $14.6 million.Sold two net lease retail properties leased to non-investment grade rated tenants, for total di
WINTER PARK, Fla., June 26, 2024 (GLOBE NEWSWIRE) -- Alpine Income Property Trust, Inc. (NYSE:PINE) (the "Company") announced today that it will report its financial and operating results for the second quarter of 2024 after the market closes on Thursday, July 18, 2024. The Company will host a conference call to discuss its financial and operating results for the second quarter of 2024 at 9:00 AM ET on Friday, July 19, 2024. A live webcast of the call will be available on the Investor Relations page of the Company's website at www.alpinereit.com or at the link provided in the event details below. To access the call by phone, please go to the registration link provided in the event details
WINTER PARK, Fla., June 26, 2024 (GLOBE NEWSWIRE) -- CTO Realty Growth (NYSE:CTO) (the "Company") announced today that it will report its financial and operating results for the second quarter of 2024 after the market closes on Thursday, July 25, 2024. The Company will host a conference call to discuss its financial and operating results for the second quarter of 2024 at 9:00 AM ET on Friday, July 26, 2024. A live webcast of the call will be available on the Investor Relations page of the Company's website at www.ctoreit.com or at the link provided in the event details below. To access the call by phone, please go to the registration link provided in the event details below and you will b
WINTER PARK, Fla., June 21, 2024 (GLOBE NEWSWIRE) -- Alpine Income Property Trust, Inc. (NYSE:PINE) (the "Company") today announced its year-to-date 2024 investment and disposition activities. 2024 Investment Activity During the second quarter, the Company acquired a two-tenant net leased retail property for $14.6 million. The property is 100% leased to investment grade rated tenants Best Buy and Golf Galaxy (Dick's Sporting Goods) and has a weighted average remaining lease term of 4.6 years. The property is approximately 101,000 square feet and is situated on 7.38 acres.Additionally, during the quarter, the Company originated a 15-month first mortgage structured investment totaling $6.1
WINTER PARK, Fla., June 03, 2024 (GLOBE NEWSWIRE) -- Alpine Income Property Trust, Inc. (NYSE:PINE) (the "Company" or "PINE") announced today that it has sold a $13.6 million A-1 participation interest (the "Loan Participation Sale") in its $23.4 million loan investment (the "Portfolio Loan"). The Portfolio Loan is secured by a first mortgage on a portfolio (the "Loan Collateral") that currently consists of 39 retail properties. As part of the transaction, the Company had the Portfolio Loan rated by an independent rating agency whereby it received an A- rating. PINE originated the Portfolio Loan in November 2023 as a $24.0 million loan at a rate of 8.75%, with the Loan Collateral consisti
WINTER PARK, Fla., May 31, 2024 (GLOBE NEWSWIRE) -- Alpine Income Property Trust, Inc. (NYSE:PINE) (the "Company" or "PINE") announced today that Philip R. Mays has been appointed Senior Vice President, Chief Financial Officer and Treasurer of the Company, effective as of June 17, 2024. Mr. Mays was most recently the Chief Financial Officer of Shadowbox Studios, from September 2021 to February 2024. Prior to that, from June 2011 to September 2021, Mr. Mays served as Chief Financial Officer and Executive Vice President of Cedar Realty Trust, Inc. ("Cedar"), a NYSE-listed retail real estate investment trust ("REIT"). His departure from Cedar coincided with Cedar's announcement that it would
B. Riley Securities analyst John Massocca reiterates Alpine Income Prop Trust (NYSE:PINE) with a Buy and raises the price target from $19.5 to $20.
Jones Trading analyst Jason Weaver maintains Alpine Income Prop Trust (NYSE:PINE) with a Buy and raises the price target from $18 to $19.
Stifel analyst Nathan Jones maintains Alpine Income Prop Trust (NYSE:PINE) with a Buy and raises the price target from $18 to $19.25.
Alpine Income Prop Trust (NYSE:PINE) reported quarterly earnings of $0.43 per share which beat the analyst consensus estimate of $0.39 by 10.26 percent. This is a 16.22 percent increase over earnings of $0.37 per share from the same period last year. The company reported quarterly sales of $12.49 million which beat the analyst consensus estimate of $11.96 million by 4.43 percent. This is a 9.19 percent increase over sales of $11.44 million the same period last year.
BTIG analyst Michael Gorman maintains Alpine Income Prop Trust (NYSE:PINE) with a Buy and lowers the price target from $23 to $19.
Throughout the last three months, 4 analysts have evaluated Alpine Income Prop Trust (NYSE:PINE), offering a diverse set of opinions from bullish to bearish. In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 4 0 0 0 0 Last 30D 2 0 0 0 0 1M Ago 1 0 0 0 0 2M Ago 0 0 0 0 0 3M Ago 1 0 0 0 0 The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $18.69, a high estimate of $19.00, and a low estimate of $18.00. Highlighting a 3.31% decrease,
Stifel analyst Nathan Jones maintains Alpine Income Prop Trust (NYSE:PINE) with a Buy and lowers the price target from $19 to $18.75.
JonesTrading analyst Jason Weaver maintains Alpine Income Prop Trust (NYSE:PINE) with a Buy and lowers the price target from $19 to $18.
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