CTO Realty Growth (NYSE:CTO) Issues FY 2024 Earnings Guidance

CTO Realty Growth (NYSE:CTO) issued an update on its FY 2024 earnings guidance on Friday morning. The company provided EPS guidance of 1.740-1.820 for the period, compared to the consensus EPS estimate of 1.620. The company issued revenue guidance of -.

CTO Realty Growth Stock Performance

Shares of CTO stock opened at $17.02 on Monday. The firm has a market capitalization of $390.61 million, a PE ratio of 30.95 and a beta of 0.74. The firm has a fifty day simple moving average of $16.94 and a two-hundred day simple moving average of $16.83. The company has a current ratio of 4.74, a quick ratio of 4.74 and a debt-to-equity ratio of 1.17. CTO Realty Growth has a 12 month low of $15.63 and a 12 month high of $18.03.

CTO Realty Growth Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were paid a dividend of $0.38 per share. The ex-dividend date was Wednesday, March 13th. This represents a $1.52 dividend on an annualized basis and a yield of 8.93%. CTO Realty Growth’s dividend payout ratio (DPR) is presently 276.37%.

Analyst Ratings Changes

A number of analysts have commented on CTO shares. Alliance Global Partners initiated coverage on shares of CTO Realty Growth in a research note on Monday, April 8th. They set a buy rating and a $20.00 price target for the company. B. Riley reaffirmed a buy rating on shares of CTO Realty Growth in a report on Friday, February 2nd. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, CTO Realty Growth presently has an average rating of Moderate Buy and an average price target of $20.00.

About CTO Realty Growth

CTO Realty Growth, Inc is a publicly traded real estate investment trust that owns and operates a portfolio of high-quality, retail-based properties located primarily in higher growth markets in the United States. CTO also externally manages and owns a meaningful interest in Alpine Income Property Trust, Inc (NYSE: PINE), a publicly traded net lease REIT.