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

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

CTO Realty Growth Stock Down 2.6 %

Shares of CTO Realty Growth stock opened at $17.02 on Monday. The company has a market capitalization of $390.61 million, a P/E ratio of 30.95 and a beta of 0.74. CTO Realty Growth has a 1 year low of $15.63 and a 1 year high of $18.03. The business has a 50-day moving average of $16.94 and a two-hundred day moving average of $16.83. The company has a debt-to-equity ratio of 1.17, a current ratio of 4.74 and a quick ratio of 4.74.

CTO Realty Growth Announces Dividend

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 $0.38 dividend. The ex-dividend date was Wednesday, March 13th. This represents a $1.52 annualized dividend and a yield of 8.93%. CTO Realty Growth’s payout ratio is currently 276.37%.

Analyst Ratings Changes

CTO has been the topic of a number of recent research reports. Alliance Global Partners began coverage on CTO Realty Growth in a research report on Monday, April 8th. They issued a buy rating and a $20.00 target price on the stock. B. Riley reiterated a buy rating on shares of CTO Realty Growth in a research note on Friday, February 2nd. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, CTO Realty Growth has an average rating of Moderate Buy and a consensus target price of $20.00.

CTO Realty Growth Company Profile

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.