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

CTO Realty Growth, Inc. (NYSE:CTO) declared a quarterly dividend on Thursday, February 19th. Stockholders of record on Thursday, March 12th will be given a dividend of 0.38 per share on Tuesday, March 31st. This represents a c) annualized dividend and a dividend yield of 7.6%. The ex-dividend date is Thursday, March 12th.

CTO Realty Growth has increased its dividend payment by an average of 0.6%annually over the last three years. CTO Realty Growth has a 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. Analysts expect CTO Realty Growth to earn $1.91 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 79.6%.

CTO Realty Growth Trading Up 3.8%

Shares of NYSE:CTO traded up $0.73 during mid-day trading on Friday, hitting $19.92. The stock had a trading volume of 194,165 shares, compared to its average volume of 245,278. The company has a debt-to-equity ratio of 1.08, a quick ratio of 3.96 and a current ratio of 3.96. The company has a market cap of $644.71 million, a PE ratio of -15.43 and a beta of 0.64. CTO Realty Growth has a 12-month low of $15.06 and a 12-month high of $20.20. The company’s 50 day moving average is $18.22 and its 200-day moving average is $17.28.

CTO Realty Growth (NYSE:CTO) last posted its quarterly earnings data on Thursday, February 19th. The company reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.32. The firm had revenue of $38.34 million for the quarter, compared to analysts’ expectations of $37.91 million. CTO Realty Growth had a negative net margin of 22.77% and a negative return on equity of 5.72%. CTO Realty Growth has set its FY 2026 guidance at 2.110-2.160 EPS. On average, sell-side analysts predict that CTO Realty Growth will post 1.92 EPS for the current year.

Analyst Ratings Changes

CTO has been the subject of several research analyst reports. Zacks Research downgraded CTO Realty Growth from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 9th. Weiss Ratings upgraded CTO Realty Growth from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, February 4th. JonesTrading restated a “buy” rating and set a $21.00 price target on shares of CTO Realty Growth in a report on Wednesday, October 29th. Alliance Global Partners reiterated a “buy” rating on shares of CTO Realty Growth in a research report on Friday. Finally, Cantor Fitzgerald upgraded shares of CTO Realty Growth to a “strong-buy” rating in a report on Wednesday, February 4th. Two equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $21.50.

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.