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

CTO Realty Growth, Inc. (NYSE:CTO) announced a quarterly dividend on Wednesday, May 27th. Stockholders of record on Thursday, June 11th will be given a dividend of 0.38 per share on Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 7.3%. The ex-dividend date of this dividend is Thursday, June 11th.

CTO Realty Growth has decreased its dividend payment by an average of 0.2%per year 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. 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 Price Performance

Shares of NYSE CTO opened at $20.68 on Thursday. The stock has a market cap of $698.71 million, a PE ratio of 98.50 and a beta of 0.62. CTO Realty Growth has a fifty-two week low of $15.06 and a fifty-two week high of $20.90. The company has a debt-to-equity ratio of 1.13, a quick ratio of 3.95 and a current ratio of 3.95. The stock has a fifty day moving average of $19.57 and a 200-day moving average of $18.76.

CTO Realty Growth (NYSE:CTO) last issued its quarterly earnings data on Tuesday, April 28th. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.11. CTO Realty Growth had a return on equity of 2.47% and a net margin of 9.06%.The business had revenue of $41.17 million for the quarter, compared to analysts’ expectations of $38.89 million. CTO Realty Growth has set its FY 2026 guidance at 2.190-2.240 EPS. Equities research analysts anticipate that CTO Realty Growth will post 2.01 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. JonesTrading raised their target price on CTO Realty Growth from $21.00 to $23.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Cantor Fitzgerald upped their target price on shares of CTO Realty Growth from $22.00 to $23.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Weiss Ratings raised shares of CTO Realty Growth from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, April 29th. Finally, Alliance Global Partners reaffirmed a “buy” rating on shares of CTO Realty Growth in a report on Wednesday, April 29th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $23.00.

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.