Last Updated: 10 Nov 2024
Executive Summary
Alpine Income Property Trust Inc. (PINE) is a real estate investment trust (REIT) that invests in single-tenant, triple-net-leased industrial and office properties. The company has a market capitalization of $274.91 million and trades on the NYSE. PINE has a strong track record of dividend payments and has increased its dividend per share for 11 consecutive years. The company's current dividend yield is 6.31%.
Company Overview
Alpine Income Property Trust Inc. was founded in 2003 and is headquartered in Daytona Beach, Florida. The company's portfolio consists of 128 properties located in 31 states. PINE's tenants include a variety of businesses, including manufacturers, distributors, retailers, and healthcare providers.
Fundamental Analysis
PINE's financial performance has been strong in recent years. The company's revenue has grown by an average of 10% per year over the past five years. In 2023, PINE reported revenue of $50.02 million and net income of $11.5 million. The company's EBITDA margin was 7.1% in 2023.
PINE has a strong balance sheet with low debt levels. The company's debt-to-equity ratio is 0.45. PINE also has a strong track record of dividend payments. The company has increased its dividend per share for 11 consecutive years. The company's current dividend yield is 6.31%.
Technical Analysis
PINE's stock price has been trading in a range between $13.86 and $19.13 over the past 52 weeks. The stock is currently trading at $17.98, which is near the middle of its 52-week range. PINE's 50-day moving average is $18.10 and its 200-day moving average is $16.39.
Short Term Outlook
PINE's stock price is likely to continue to trade in a range in the short term. The company's financial performance is strong and the company has a strong track record of dividend payments. However, the stock market is currently volatile and there is no guarantee that PINE's stock price will continue to rise.
Long Term Outlook
PINE's long-term outlook is positive. The company's portfolio of properties is well-diversified and the company has a strong track record of dividend payments. The company's dividend yield is also attractive. PINE is a good long-term investment for investors who are looking for a steady stream of income.
Analyst Recommendations
The majority of analysts who cover PINE have a buy rating on the stock. The average analyst target price for PINE is $19.85.
