CTO Realty Growth, Inc. (NYSE:CTO – Get Free Report) announced a quarterly dividend on Wednesday, May 27th. Investors of record on Thursday, June 11th will be paid a dividend of 0.38 per share on Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 7.4%. The ex-dividend date is Thursday, June 11th.
CTO Realty Growth has decreased its dividend by an average of 0.2%per year over the last three years. CTO Realty Growth has a dividend payout ratio of 633.3% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect CTO Realty Growth to earn $2.15 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 70.7%.
CTO Realty Growth Trading Up 0.6%
Shares of CTO Realty Growth stock opened at $20.64 on Tuesday. The firm’s 50 day moving average is $19.87 and its 200 day moving average is $18.93. The company has a current ratio of 3.95, a quick ratio of 3.95 and a debt-to-equity ratio of 1.13. CTO Realty Growth has a 1 year low of $15.06 and a 1 year high of $20.93. The firm has a market capitalization of $697.35 million, a PE ratio of 98.31 and a beta of 0.62.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the company. SummitTX Capital L.P. bought a new stake in shares of CTO Realty Growth in the 3rd quarter valued at $3,016,000. Crossingbridge Advisors LLC increased its stake in shares of CTO Realty Growth by 154.4% in the 3rd quarter. Crossingbridge Advisors LLC now owns 268,079 shares of the company’s stock valued at $4,273,000 after acquiring an additional 162,689 shares in the last quarter. Invesco Ltd. increased its stake in shares of CTO Realty Growth by 27.1% in the 3rd quarter. Invesco Ltd. now owns 664,295 shares of the company’s stock valued at $10,828,000 after acquiring an additional 141,574 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new stake in shares of CTO Realty Growth in the 1st quarter valued at $1,953,000. Finally, Prevail Innovative Wealth Advisors LLC increased its stake in shares of CTO Realty Growth by 40.4% in the 3rd quarter. Prevail Innovative Wealth Advisors LLC now owns 360,108 shares of the company’s stock valued at $5,870,000 after acquiring an additional 103,648 shares in the last quarter. Institutional investors and hedge funds own 67.18% of the company’s stock.
About CTO Realty Growth
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.
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