CTO Realty Growth (NYSE:CTO) Hits New 12-Month High After Earnings Beat

Key Points

• CTO Realty Growth shares reached a new 52-week high of $22.71 after the REIT reported quarterly EPS of $0.38, well above the $0.10 consensus estimate, while revenue of $43.83 million also exceeded expectations.
• The company declared a quarterly dividend of $0.38 per share, equivalent to $1.52 annually and a 6.7% yield. However, its payout ratio stands at a very high 723.81%.
• Analysts remain broadly positive, with an average “Buy” rating and a consensus price target of $23.67; institutional investors own 67.18% of the company.

Shares of CTO Realty Growth, Inc. (NYSE:CTO - Get Free Report) hit a new 52-week high during trading on Wednesday following a better than expected earnings announcement. The stock traded as high as $22.71 and last traded at $22.5540, with a volume of 136781 shares. The stock had previously closed at $21.91.

The company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.28. The business had revenue of $43.83 million during the quarter, compared to the consensus estimate of $42.31 million. CTO Realty Growth had a return on equity of 2.47% and a net margin of 9.06%.CTO Realty Growth has set its FY 2026 guidance at 2.210-2.250 EPS.

CTO Realty Growth Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 11th were issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 6.7%. The ex-dividend date of this dividend was Thursday, June 11th. CTO Realty Growth's payout ratio is currently 723.81%.

Analyst Ratings Changes

Several analysts have recently commented on the stock. JonesTrading increased their target price on shares of CTO Realty Growth from $21.00 to $23.00 and gave the company a "buy" rating in a report on Wednesday, April 29th. Cantor Fitzgerald upped their price objective on shares of CTO Realty Growth from $22.00 to $23.00 and gave the stock an "overweight" rating in a research report on Thursday, April 30th. Raymond James Financial reiterated a "strong-buy" rating and issued a $25.00 price objective on shares of CTO Realty Growth in a research note on Monday, June 29th. Zacks Research raised shares of CTO Realty Growth from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, June 30th. Finally, Alliance Global Partners restated a "buy" rating on shares of CTO Realty Growth in a research note on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $23.67.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Jane Street Group LLC purchased a new stake in shares of CTO Realty Growth during the 1st quarter worth approximately $1,724,000. JPMorgan Chase & Co. lifted its stake in CTO Realty Growth by 64.4% in the second quarter. JPMorgan Chase & Co. now owns 163,158 shares of the company's stock valued at $2,816,000 after purchasing an additional 63,926 shares during the last quarter. Rhumbline Advisers grew its holdings in CTO Realty Growth by 10.2% during the second quarter. Rhumbline Advisers now owns 55,816 shares of the company's stock valued at $963,000 after purchasing an additional 5,167 shares during the period. Invesco Ltd. grew its holdings in CTO Realty Growth by 3.4% during the second quarter. Invesco Ltd. now owns 522,721 shares of the company's stock valued at $9,022,000 after purchasing an additional 17,334 shares during the period. Finally, Brown Advisory Inc. purchased a new stake in CTO Realty Growth in the second quarter worth $357,000. 67.18% of the stock is currently owned by hedge funds and other institutional investors.

CTO Realty Growth Stock Performance

The stock has a market capitalization of $761.87 million, a P/E ratio of 107.31 and a beta of 0.60. The company has a 50 day simple moving average of $21.15 and a 200-day simple moving average of $19.80. The company has a debt-to-equity ratio of 1.13, a current ratio of 3.95 and a quick ratio of 3.95.

CTO Realty Growth Company Profile

CTO Realty Growth, Inc is a publicly traded real estate investment trust (REIT) that specializes in single-tenant net lease properties. The company's primary focus is on acquiring, owning and managing retail assets leased to creditworthy operators under long-term, triple-net lease agreements. By targeting essential retail segments, CTO Realty Growth seeks to generate stable, inflation-protected income streams while maintaining a disciplined investment approach.

The REIT's portfolio is concentrated in convenience store and fuel service locations, with additional assets in other retail categories where net lease structures prevail.

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