Streetbeat News

CTO

CTO Realty Growth, Inc.

https://ctorealtygrowth.com

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

19.47

Mkt cap

589M

Volume

299K

High

19.73

P/E Ratio

32.20

52-wk high

21.15

Low

19.40

Div yield

0.08

52-wk low

16.16

CTO Realty Growth has completed the acquisition of three open-air shopping centers for $137.5 million. This strategic move is expected to enhance their portfolio and potentially increase revenue streams.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 10:47 am

Raymond James analyst RJ Milligan maintains an Outperform rating on CTO Realty Growth (NYSE:CTO) and raises the price target from $20 to $22.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 5:47 pm

Jones Trading analyst Jason Weaver maintains a Buy rating on CTO Realty Growth (NYSE:CTO) and raises the price target from $19 to $20.5.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 8:23 pm

CTO Realty Growth (NYSE:CTO) reported Q2 2024 earnings per share of $0.48, surpassing the analyst estimate of $0.39 by 23.08%. The company also reported sales of $28.845 million, beating the estimate of $27.411 million by 5.23%. This marks a 10.74% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 10:01 pm

Alpine Income Property Trust has appointed Philip R. Mays as Senior Vice President, Chief Financial Officer, and Treasurer, effective June 17, 2024.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 8:12 pm

JonesTrading analyst Jason Weaver maintains a Buy rating on CTO Realty Growth (NYSE:CTO) but lowers the price target from $21 to $19.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 5:25 pm

CTO Realty Growth projects its 2024 Adjusted Funds From Operations (AFFO) to be in the range of $1.74 to $1.82.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 9:45 pm

CTO Realty Growth reported Q1 2024 FFO of $0.52 per share, surpassing the $0.39 estimate, marking a 33.33% beat and a 20.93% increase from last year. However, their sales of $28.127M fell short of the $29.914M estimate, a 5.97% miss but still a 13.80% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 8:59 pm

Alliance Global Partners has initiated coverage on CTO Realty Growth (NYSE:CTO) with a Buy rating and set a price target of $20.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 11:49 am

CTO Realty Growth, Inc. (NYSE:CTO) announced the sale of a mixed-use property in Santa Fe, New Mexico for $20M, generating a $4.6M gain. The proceeds are intended for a core power center acquisition in Orlando and to repay part of a credit facility. The sale is part of a Section 1031 like-kind exchange.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 8:25 pm

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