Streetbeat News

CTO

CTO Realty Growth, Inc.

Industry

REIT - Diversified

CTO Realty Growth, Inc. is a Florida-based publicly traded real estate company, which owns income properties comprised of approximately 2.4 million square feet in diversified markets in the United States and an approximately 23.5% interest in Alpine Income Property Trust, Inc., a publicly traded net lease real estate investment trust (NYSE: PINE).

Open

19.21

Mkt cap

584M

Volume

2.5M

High

19.90

P/E Ratio

31.92

52-wk high

21.15

Low

19.16

Div yield

0.08

52-wk low

16.16

The article advises against investing in private equity and REITs with unsustainable high yields due to their reliance on risky investments or leverage. Instead, it suggests focusing on companies with strong cashflows that can sustain dividends and support growth. The article highlights three high-yield stocks with better total return potential.

Portfolio Pulse from

December 16, 2024 | 8:30 pm

CTO Realty Growth's Series A Preferred Stock (CTO.PR.A) offers a more secure investment with a 6.83% yield, compared to the common stock's 7.44% yield. Preferred stockholders have priority in dividend payments, and CTO's financial ratios suggest potential challenges in maintaining common stock dividends.

Portfolio Pulse from

December 10, 2024 | 8:30 am

CTO Realty Growth is considered a buy due to its attractive valuation and growth potential. The REIT's forward P/AFFO multiple is significantly lower than the sector median, and its strategic acquisitions in Sun Belt markets support its growth. Despite higher leverage, management's deleveraging efforts and a solid balance sheet are positive indicators.

Portfolio Pulse from

December 06, 2024 | 12:30 pm

CTO Realty Growth has significantly increased its gross leasable space in 2024 and offers a 7.6% dividend yield, well-covered by free cash flow. The company has manageable debt with strong liquidity.

Portfolio Pulse from

November 30, 2024 | 9:30 am

The Dividend Harvesting Portfolio has reached an all-time high with a 27.82% return on invested capital and projected dividends of $1,863.23. Realty Income and CTO Realty Growth have been added to the portfolio, with a bullish outlook for 2025 due to expected economic growth and falling rates.

Portfolio Pulse from

November 28, 2024 | 2:15 pm

CTO Realty Growth has seen a 14.31% YTD appreciation, focusing on high-growth markets like Florida and Georgia. Q3 earnings beat estimates with $31.81 million in revenue and $0.50 FFO. Despite risks, CTO's dividend yield exceeds 7.5%, and it's trading below book value, offering upside potential.

Portfolio Pulse from

November 25, 2024 | 2:15 pm

CTO Realty Growth has declared a quarterly cash dividend of $0.38 per share for Q4 2024, offering an annualized yield of 7.8% based on the stock's closing price on November 18, 2024.

Portfolio Pulse from

November 19, 2024 | 9:30 pm

CTO Realty Growth, Inc. has shown strong Q3 2024 performance with a 22% CAGR, significant investments, and strategic asset monetization. The company offers a 7.72% dividend yield, making it attractive for income generation and capital appreciation.

Portfolio Pulse from

November 15, 2024 | 4:00 pm

Raymond James analyst RJ Milligan has upgraded CTO Realty Growth from Outperform to Strong Buy and increased the price target from $22 to $24.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 6:04 pm

Jones Trading analyst Jason Weaver has reiterated a Buy rating for CTO Realty Growth, maintaining a price target of $22.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2024 | 7:11 pm

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