CTO Realty Growth (NYSE:CTO) Releases Quarterly Earnings Results, Beats Expectations By $0.48 EPS

CTO Realty Growth (NYSE:CTO - Get Free Report) released its quarterly earnings data on Thursday. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.48, Zacks reports. The business had revenue of $35.74 million for the quarter, compared to analysts' expectations of $33.39 million. CTO Realty Growth had a negative return on equity of 0.38% and a negative net margin of 1.58%. CTO Realty Growth updated its FY 2025 guidance to 1.930-1.980 EPS.

CTO Realty Growth Stock Performance

CTO traded down $0.17 during mid-day trading on Monday, reaching $18.85. 324,631 shares of the company traded hands, compared to its average volume of 260,518. The stock has a market capitalization of $564.97 million, a P/E ratio of -85.66 and a beta of 0.78. The company has a quick ratio of 3.96, a current ratio of 3.96 and a debt-to-equity ratio of 0.88. The company's fifty day moving average price is $19.71 and its 200-day moving average price is $19.56. CTO Realty Growth has a 52-week low of $16.33 and a 52-week high of $21.15.

CTO Realty Growth Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 13th will be paid a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $1.52 dividend on an annualized basis and a yield of 8.07%. CTO Realty Growth's dividend payout ratio is presently -690.91%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on CTO. Raymond James upgraded shares of CTO Realty Growth from an "outperform" rating to a "strong-buy" rating and boosted their target price for the company from $22.00 to $24.00 in a research note on Wednesday, October 30th. StockNews.com upgraded shares of CTO Realty Growth from a "sell" rating to a "hold" rating in a research note on Friday.

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About CTO Realty Growth

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.