Investors might want to bet on Alpine Income (PINE) , as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system ...

Here are two stocks with buy rank and strong value characteristics for investors to consider today, November 21:Alpine Income Property Trust, Inc. (PINE) : This real estate investment trust carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 3.1% over the last 60 days.Alpine Income Property has a price-to-earnings ratio (P/E) of 10.45 compared with 14.10 for the industry. The company possesses a Value Scoreof B.Resideo Technologies, Inc. (REZI) : ...

Core Points - Alpine Income Property Trust, Inc. has declared a quarterly cash dividend of $0.280 per share for Q4 2024, representing an annualized yield of approximately 6.3% based on the closing price on November 18, 2024 [1][2] - The cash dividend is payable on December 31, 2024, to stockholders of record as of December 12, 2024, with the ex-dividend date also set for December 12, 2024 [2] - The company operates as a publicly traded real estate investment trust (REIT), focusing on single tenant net leased commercial properties leased to high-quality tenants [3]

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Financial Data and Key Metrics Changes - FFO was $0.45 per diluted share for the quarter, an increase of 22% compared to $0.37 reported in Q3 2023 [10] - AFFO was $0.44 per diluted share for the quarter, an increase of 16% compared to $0.38 reported in Q3 2023 [10] - Total revenue was $13.5 million for the quarter, including lease income of $11.7 million and interest income from commercial loans of $1.7 million [11] Business Line Data and Key Metrics Changes - Acquired four net lease properties for $37.5 million at a weighted average initial cap rate of 8.8% [4] - Sold eight properties during the quarter for $48.6 million at a weighted average cash cap rate of 6.8%, generating aggregate gains of $3.4 million [6] - The investment activity generated a weighted average yield of 9.2%, a positive spread of 240 basis points to the 6.8% weighted average cap rate on dispositions completed [6] Market Data and Key Metrics Changes - The company reduced its exposure to Walgreens, which has dropped from the largest tenant concentration to the second largest [6] - Investment-grade tenants now account for over 52% of the company's ABR, with Dick's being the largest tenant at 11% of ABR [7] Company Strategy and Development Direction - The company is focused on strategic asset recycling, originating high-yielding loans, and increasing the weighted average lease term [4] - Future investment strategy includes a barbell approach with longer-term investment-grade activity balanced by investments in higher yielding and more accretive assets [7] - The company plans to continue reducing exposure to Walgreens while exploring attractive investment opportunities across the tenant landscape [7] Management's Comments on Operating Environment and Future Outlook - Management expressed satisfaction with the improved transaction environment and increased liquidity, leading to more acquisition opportunities [15] - The company is optimistic about the recovery of properties affected by recent hurricanes, with adequate insurance coverage in place [5] - Management raised full-year 2024 guidance for FFO to a range of $1.67 to $1.69 per share and AFFO to a range of $1.69 to $1.71 per share [14] Other Important Information - The company raised its quarterly common dividend from $0.275 per share to $0.28 per share, maintaining a healthy AFFO payout ratio of 64% [13] - The company ended the quarter with net debt to EBITDA of 6.9 times, improved from 7.4 times in the previous quarter [13] Q&A Session Summary Question: Can you talk about the transaction environment? - Management noted that the liquidity environment has improved, leading to more sellers coming to market and increased acquisition opportunities [15] Question: Can you provide more detail on the insurance arrangement for the Tampa properties? - Management confirmed that there are two years of business interruption insurance and full replacement insurance, ensuring minimal disruption [17] Question: How do you feel about your current exposure to Walgreens? - The average lease duration for Walgreens is 7.6 years, with the nearest expiration in six years, and management is actively receiving bids for additional properties [25] Question: What is the outlook for potential credit loss in the current macro environment? - Management indicated that the portfolio is in good shape, with proactive measures taken to sell underperforming assets [27] Question: Any plans to reduce exposure to dollar stores? - Management acknowledged that while there are some dollar store properties on the market, the focus has primarily been on reducing Walgreens exposure [29] Question: Can you discuss the size of your transaction funnel? - Management reported a transaction funnel of approximately $200 million, with a mix of larger portfolio deals rather than smaller transactions [40]

Alpine Income (PINE) came out with quarterly funds from operations (FFO) of $0.45 per share, beating the Zacks Consensus Estimate of $0.40 per share. This compares to FFO of $0.37 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an FFO surprise of 12.50%. A quarter ago, it was expected that this company would post FFO of $0.39 per share when it actually produced FFO of $0.43, delivering a surprise of 10.26%. Over the last four quarters, the company h ...

WINTER PARK, Fla., Oct. 04, 2024 (GLOBE NEWSWIRE) -- Alpine Income Property Trust, Inc. (NYSE: PINE) (the "Company" or "PINE") today announced that Mark O. Decker, Jr., has notified the Company of his resignation from the Company's Board of Directors, effective October 4, 2024. "On behalf of the Board, I want to thank Mark for his contributions to PINE over the last five years," said Andrew Richardson, Chairman of the Board of PINE. "Mark's knowledge and experience have been important in the Company's growt ...

Alpine Income (PINE) has been beaten down lately with too much selling pressure. While the stock has lost 9.2% over the past four weeks, there is light at the end of the tunnel as it is now in oversold territory and Wall Street analysts expect the company to report better earnings than they predicted earlier. Guide to Identifying Oversold Stocks We use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock is oversold. This is a momentum oscillator th ...

Investors interested in stocks from the REIT and Equity Trust - Other sector have probably already heard of Alpine Income (PINE) and EastGroup Properties (EGP) . But which of these two stocks offers value investors a better bang for their buck right now? We'll need to take a closer look. We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The Zacks Rank favors stocks with strong earnings est ...

Alpine Income (PINE) could be a solid choice for investors given its recent upgrade to a Zacks Rank #1 (Strong Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices. A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years. Indi ...