CTO Realty Growth (CTO) Set to Announce Earnings on Thursday

CTO Realty Growth (NYSE:CTO) will release its earnings data after the market closes on Thursday, May 2nd. Analysts expect CTO Realty Growth to post earnings of $0.36 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

CTO Realty Growth Trading Up 0.3 %

Shares of CTO stock opened at $17.37 on Wednesday. The company has a current ratio of 3.77, a quick ratio of 3.77 and a debt-to-equity ratio of 1.08. CTO Realty Growth has a 12-month low of $15.63 and a 12-month high of $18.03. The stock has a market capitalization of $396.10 million, a P/E ratio of 578.83 and a beta of 0.77. The firm’s 50 day moving average is $16.89 and its 200 day moving average is $16.80.

CTO Realty Growth Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were issued a dividend of $0.38 per share. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $1.52 annualized dividend and a dividend yield of 8.75%. CTO Realty Growth’s payout ratio is 5,066.67%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on CTO. B. Riley reiterated a “buy” rating on shares of CTO Realty Growth in a research report on Friday, February 2nd. Alliance Global Partners assumed coverage on shares of 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. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, CTO Realty Growth currently has an average rating of “Moderate Buy” and a consensus target price of $20.00.

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.