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

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

Analyst Upgrades and Downgrades

A number of analysts have weighed in on CTO shares. B. Riley restated a buy rating on shares of CTO Realty Growth in a research note on Friday, February 2nd. 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 price objective on the stock. One investment 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 company currently has an average rating of Moderate Buy and an average target price of $20.00.

CTO Realty Growth Stock Down 2.6 %

CTO opened at $17.02 on Monday. CTO Realty Growth has a twelve month low of $15.63 and a twelve month high of $18.03. The company has a quick ratio of 4.74, a current ratio of 4.74 and a debt-to-equity ratio of 1.17. The firm has a 50 day moving average price of $16.94 and a 200-day moving average price of $16.83. The stock has a market capitalization of $390.61 million, a price-to-earnings ratio of 30.95 and a beta of 0.74.

CTO Realty Growth Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were issued a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 8.93%. The ex-dividend date of this dividend was Wednesday, March 13th. CTO Realty Growth’s payout ratio is currently 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.