CTO Realty Growth (NYSE:CTO – Get Free Report) updated its FY 2024 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 1.950-2.000 for the period, compared to the consensus estimate of 1.640. The company issued revenue guidance of -.
CTO Realty Growth Trading Up 3.3 %
Shares of CTO traded up $0.63 during midday trading on Friday, hitting $19.61. 206,822 shares of the stock were exchanged, compared to its average volume of 127,313. CTO Realty Growth has a 52-week low of $15.63 and a 52-week high of $19.76. The stock has a fifty day simple moving average of $17.80 and a 200 day simple moving average of $17.21. The firm has a market cap of $449.97 million, a P/E ratio of 35.65 and a beta of 0.76. The company has a debt-to-equity ratio of 1.17, a quick ratio of 4.74 and a current ratio of 4.74.
CTO Realty Growth Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Thursday, June 13th were given a dividend of $0.38 per share. The ex-dividend date was Thursday, June 13th. This represents a $1.52 annualized dividend and a dividend yield of 7.75%. CTO Realty Growth’s dividend payout ratio is currently 276.36%.
Wall Street Analysts Forecast Growth
Get Our Latest Research Report on CTO Realty Growth
Insider Activity at CTO Realty Growth
In related news, major shareholder Cto Realty Growth, Inc. bought 6,262 shares of the firm’s stock in a transaction that occurred on Friday, July 5th. The stock was purchased at an average cost of $15.00 per share, for a total transaction of $93,930.00. Following the completion of the acquisition, the insider now owns 196,356 shares in the company, valued at approximately $2,945,340. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last three months, insiders purchased 21,804 shares of company stock worth $326,747. Company insiders own 5.00% of the company’s stock.
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.
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