CTO Realty Growth (NYSE:CTO – Get Free Report) announced its earnings results on Thursday. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.27), Zacks reports. The business had revenue of $31.81 million for the quarter, compared to analysts’ expectations of $30.15 million. CTO Realty Growth had a return on equity of 3.55% and a net margin of 14.52%. During the same period in the previous year, the company earned $0.48 earnings per share. CTO Realty Growth updated its FY 2024 guidance to 1.830-1.870 EPS.
CTO Realty Growth Stock Performance
NYSE:CTO opened at $19.56 on Friday. CTO Realty Growth has a 12 month low of $15.64 and a 12 month high of $21.15. The company has a debt-to-equity ratio of 0.98, a current ratio of 3.42 and a quick ratio of 3.42. The firm has a market capitalization of $448.82 million, a PE ratio of 35.56 and a beta of 0.76. The business’s fifty day moving average price is $19.13 and its 200 day moving average price is $18.35.
CTO Realty Growth Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 12th were given a dividend of $0.38 per share. The ex-dividend date was Thursday, September 12th. This represents a $1.52 annualized dividend and a dividend yield of 7.77%. CTO Realty Growth’s dividend payout ratio (DPR) is currently 276.36%.
Wall Street Analyst Weigh In
View Our Latest Analysis on CTO
Insiders Place Their Bets
In other news, Director Christopher W. Haga sold 3,000 shares of the stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $19.45, for a total value of $58,350.00. Following the transaction, the director now owns 44,988 shares in the company, valued at approximately $875,016.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 5.00% of the stock is owned by company insiders.
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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