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 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 company has a debt-to-equity ratio of 1.17, a quick ratio of 4.74 and a current ratio of 4.74. CTO Realty Growth has a fifty-two week low of $15.63 and a fifty-two week high of $18.03. The company has a market capitalization of $390.61 million, a P/E ratio of 30.95 and a beta of 0.74. The stock has a 50 day moving average price of $16.94 and a two-hundred day moving average price of $16.83.

CTO Realty Growth Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were given a dividend of $0.38 per share. The ex-dividend date of this dividend 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%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. B. Riley reiterated a buy rating on shares of CTO Realty Growth in a report on Friday, February 2nd. Alliance Global Partners initiated coverage on shares of CTO Realty Growth in a report on Monday, April 8th. They issued a buy rating and a $20.00 price target on the stock. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and a consensus target price 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.