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

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

CTO Realty Growth Trading Down 0.3 %

CTO opened at $17.15 on Thursday. CTO Realty Growth has a twelve month low of $15.63 and a twelve month high of $18.03. 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 company has a fifty day moving average of $16.83 and a 200-day moving average of $16.78. The stock has a market cap of $391.19 million, a PE ratio of 572.00 and a beta of 0.77.

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 given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 8.86%. The ex-dividend date of this dividend was Wednesday, March 13th. CTO Realty Growth’s dividend payout ratio (DPR) is presently 5,066.67%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Alliance Global Partners assumed coverage on shares of CTO Realty Growth in a research report on Monday, April 8th. They set a “buy” rating and a $20.00 price objective for the company. StockNews.com upgraded shares of CTO Realty Growth from a “sell” rating to a “hold” rating in a research report on Wednesday, December 27th. Finally, B. Riley reiterated a “buy” rating on shares of CTO Realty Growth in a research report on Friday, February 2nd. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, CTO Realty Growth has a consensus rating of “Moderate Buy” and a consensus price target 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.