CTO Realty Growth (NYSE:CTO - Get Free Report) 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 -.
CTO Realty Growth Trading Down 2.6 %
CTO traded down $0.45 during trading on Friday, reaching $17.02. The company had a trading volume of 182,937 shares, compared to its average volume of 128,759. The company has a quick ratio of 3.77, a current ratio of 3.77 and a debt-to-equity ratio of 1.08. The business has a 50 day simple moving average of $16.94 and a 200-day simple moving average of $16.82. The stock has a market cap of $390.61 million, a P/E ratio of 582.67 and a beta of 0.74. CTO Realty Growth has a 52 week low of $15.63 and a 52 week high of $18.03.
CTO Realty Growth Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were issued a $0.38 dividend. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $1.52 annualized dividend and a dividend yield of 8.93%. CTO Realty Growth's dividend payout ratio (DPR) is presently 5,066.67%.
Wall Street Analyst Weigh In
A number of analysts recently weighed in on the stock. B. Riley reissued a buy rating on shares of CTO Realty Growth in a research report on Friday, February 2nd. Alliance Global Partners initiated coverage on CTO Realty Growth in a research note on Monday, April 8th. They set 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 issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of Moderate Buy and an average price target of $20.00.
Check Out Our Latest Analysis on CTO Realty Growth
About CTO Realty Growth
(
Get Free Report)
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.
Featured Articles
Before you consider CTO Realty Growth, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and CTO Realty Growth wasn't on the list.
While CTO Realty Growth currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Click the link below and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio.
Get This Free Report
