CTO Realty Growth, Inc. (NYSE:CTO) Declares $0.38 Quarterly Dividend

CTO Realty Growth, Inc. (NYSE:CTO) declared a quarterly dividend on Tuesday, August 18th. Shareholders of record on Thursday, September 10th will be paid a dividend of 0.38 per share on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 6.9%. The ex-dividend date is Thursday, September 10th.

CTO Realty Growth has decreased its dividend payment by an average of 0.2%annually over the last three years. CTO Realty Growth has a payout ratio of 633.3% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect CTO Realty Growth to earn $2.30 per share next year, which means the company should continue to be able to cover its $1.52 annual dividend with an expected future payout ratio of 66.1%.

CTO Realty Growth Stock Performance

Shares of CTO stock opened at $22.00 on Thursday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 8.69 and a current ratio of 8.69. CTO Realty Growth has a fifty-two week low of $15.06 and a fifty-two week high of $22.71. The stock has a 50 day moving average price of $21.59 and a two-hundred day moving average price of $20.22. The company has a market capitalization of $824.74 million, a P/E ratio of 16.18 and a beta of 0.60.

CTO Realty Growth (NYSE:CTO) last issued its earnings results on Tuesday, July 28th. The company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.28. CTO Realty Growth had a net margin of 32.63% and a return on equity of 8.90%. The firm had revenue of $43.83 million for the quarter, compared to analysts’ expectations of $42.31 million. CTO Realty Growth has set its FY 2026 guidance at 2.210-2.250 EPS. Analysts expect that CTO Realty Growth will post 2.12 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on CTO. Huntington assumed coverage on shares of CTO Realty Growth in a research note on Tuesday, August 11th. They set an “outperform” rating and a $24.00 price objective for the company. Zacks Research upgraded CTO Realty Growth from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 30th. Cantor Fitzgerald increased their price objective on CTO Realty Growth from $23.00 to $25.00 and gave the stock an “overweight” rating in a report on Monday, August 3rd. JonesTrading boosted their target price on CTO Realty Growth from $23.00 to $24.00 and gave the company a “buy” rating in a research note on Wednesday, July 29th. Finally, Alliance Global Partners restated a “buy” rating on shares of CTO Realty Growth in a report on Wednesday, July 29th. Two analysts have rated the stock with a Strong Buy rating and five have issued a Buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $24.50.

CTO Realty Growth Company Profile

CTO Realty Growth, Inc is a publicly traded real estate investment trust (REIT) that specializes in single-tenant net lease properties. The company’s primary focus is on acquiring, owning and managing retail assets leased to creditworthy operators under long-term, triple-net lease agreements. By targeting essential retail segments, CTO Realty Growth seeks to generate stable, inflation-protected income streams while maintaining a disciplined investment approach.

The REIT’s portfolio is concentrated in convenience store and fuel service locations, with additional assets in other retail categories where net lease structures prevail.