CTO Realty Growth (NYSE:CTO) Updates 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 Down 2.6 %

CTO stock opened at $17.02 on Monday. The stock has a market capitalization of $390.61 million, a P/E ratio of 30.95 and a beta of 0.74. The company has a 50 day moving average price of $16.94 and a two-hundred day moving average price of $16.83. CTO Realty Growth has a one year low of $15.63 and a one year high of $18.03. 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were paid 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 dividend payout ratio is currently 276.37%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Alliance Global Partners assumed coverage on CTO Realty Growth in a research note on Monday, April 8th. They issued a buy rating and a $20.00 price objective on the stock. B. Riley reaffirmed a buy rating on shares of CTO Realty Growth in a research note on Friday, February 2nd. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average 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.