CTO Realty Growth (NYSE:CTO – Get Free Report) 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 -.
Wall Street Analyst Weigh In
A number of research analysts have commented on the stock. Alliance Global Partners started coverage on shares of CTO Realty Growth in a research report on Monday, April 8th. They set a buy rating and a $20.00 target price on the stock. B. Riley reaffirmed a buy rating on shares of CTO Realty Growth in a research report on Friday, February 2nd. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of Moderate Buy and a consensus target price of $20.00.
Read Our Latest Research Report on CTO
CTO Realty Growth Stock Performance
CTO Realty Growth Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 8.93%. The ex-dividend date of this dividend was Wednesday, March 13th. CTO Realty Growth’s dividend payout ratio (DPR) is presently 276.37%.
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.
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