CTO Realty Growth, Inc. (CTO) to Issue Quarterly Dividend of $0.38 on September 30th

CTO Realty Growth, Inc. (NYSE:CTO) declared a quarterly dividend on Tuesday, August 18th. Stockholders of record on Thursday, September 10th will be given a dividend of 0.38 per share on Wednesday, September 30th. This represents a c) annualized dividend and a dividend yield of 6.9%. The ex-dividend date of this dividend 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 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 $2.30 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

CTO Realty Growth 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. The stock has a fifty day moving average of $21.59 and a two-hundred day moving average of $20.22. The company has a market capitalization of $824.74 million, a price-to-earnings ratio of 16.18 and a beta of 0.60. CTO Realty Growth has a fifty-two week low of $15.06 and a fifty-two week high of $22.71.

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

Wall Street Analyst Weigh In

CTO has been the topic of a number of analyst reports. Raymond James Financial reiterated a “strong-buy” rating and set a $25.00 price objective on shares of CTO Realty Growth in a research note on Monday, June 29th. Huntington assumed coverage on shares of CTO Realty Growth in a research note on Tuesday, August 11th. They issued an “outperform” rating and a $24.00 target price for the company. Cantor Fitzgerald raised their price target on shares of CTO Realty Growth from $23.00 to $25.00 and gave the company an “overweight” rating in a report on Monday, August 3rd. JonesTrading lifted their price target on shares of CTO Realty Growth from $23.00 to $24.00 and gave the stock a “buy” rating in a research note on Wednesday, July 29th. Finally, Weiss Ratings upgraded shares of CTO Realty Growth from a “hold (c+)” rating to a “buy (b)” rating in a report on Friday, August 7th. Two equities research analysts have rated the stock with a Strong Buy rating and five have assigned a Buy rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus 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.