CTO Realty Growth Inc Price, Forecast, Insider, Ratings, Fundamentals & Signals

Winter park, fla., may 02, 2024 (globe newswire) -- cto realty growth, inc. (nyse: cto) (the “company” or “cto”) today announced its operating results and earnings for the quarter ended march 31, 2024.

Winter park, fla., april 04, 2024 (globe newswire) -- cto realty growth, inc. (nyse: cto) (“cto” or the “company”) today announced the pricing of a public offering of 1,500,000 additional shares of the company's 6.375% series a cumulative redeemable preferred stock (the “series a preferred stock”), liquidation preference $25.00 per share, at a public offering price of $20.00 per share. cto will receive gross proceeds of $30,000,000 from the sale of the series a preferred stock before deducting the underwriting discount and other estimated offering expenses. the company also granted the underwriters a 30-day option to purchase up to an additional 225,000 shares of the series a preferred stock to cover over-allotments, if any...

Winter park, fla., april 03, 2024 (globe newswire) -- cto realty growth, inc. (nyse: cto) (“cto” or the “company”) today announced the commencement of a public offering of additional shares of the company's 6.375% series a cumulative redeemable preferred stock (the “series a preferred stock”) with a $25.00 per share liquidation preference. the additional shares of series a preferred stock constitute an additional issuance of shares of series a preferred stock, with 2,978,808 shares of series a preferred stock currently issued and outstanding (the “outstanding series a preferred stock”) (which reflects the previous repurchase by the company of 21,192 shares of series a preferred stock)...

Winter park, fla., march 27, 2024 (globe newswire) -- cto realty growth (nyse: cto) (the “company”) announced today that it will report its financial and operating results for the first quarter of 2024 after the market closes on thursday, may 2, 2024. a conference call to discuss its financial and operating results is scheduled for friday, may 3, 2024 at 9:00 am et.

Winter park, fla., march 19, 2024 (globe newswire) -- cto realty growth, inc. (nyse: cto) (the “company” or “cto”) today announced the closing of the sale of its mixed-use property totaling approximately 136,000 square feet in downtown santa fe, new mexico (the “property”). the property was sold for approximately $20.0 million, representing an exit cap rate within the range of the company's current guidance for disposition cash yields and generating a gain on sale of approximately $4.6 million.

CTO's Q1 2024 results show promising developments in backfilling vacancies, strong rent growth, and a return to growth trajectory. New leases, including backfills of key vacancies from bankrupt tenants, will begin to flow through later this year and into 2025. We maintain our Buy rating and target price of ~$23/share (n.b., 32% upside, plus ~9% yield).

High-yield real estate stocks are ideal for investors seeking stable income streams. These companies expose investors to the real estate market without the responsibility of directly owning the property and the need for significant capital money.

CTO Realty Growth: A 9% Dividend Yield From Sun Belt Retail Properties

CTO Realty (CTO) came out with quarterly funds from operations (FFO) of $0.52 per share, beating the Zacks Consensus Estimate of $0.42 per share. This compares to FFO of $0.43 per share a year ago.

U.S. equity markets declined this week while benchmark interest rates jumped to the highest level since November after stronger-than-expected employment data showed robust hiring trends in early 2024. Stagflation has crept back into the economic discussion over the past several weeks amid a resurgence in oil prices alongside economic data showing stubbornly lukewarm inflationary trends. Following two straight weeks of gains which had lifted the benchmark to record-highs, the S&P 500 declined by 0.9% this week. Real estate equities were among the laggards this week.

WINTER PARK, Fla., March 27, 2024 (GLOBE NEWSWIRE) -- CTO Realty Growth (NYSE: CTO) (the “Company”) announced today that it will report its financial and operating results for the first quarter of 2024 after the market closes on Thursday, May 2, 2024. A conference call to discuss its financial and operating results is scheduled for Friday, May 3, 2024 at 9:00 AM ET.

CTO Realty's (CTO) latest acquisition of a multi-tenant retail power center in a prime location and with strong community ties marks a strategic buy.

CTO Realty's (CTO) latest disposition showcases the company's commitment to enhancing its financial position and focusing on core assets.

CTO Realty's (CTO) impressive leasing performance extends beyond the current year, as evidenced by its accomplishments in the fourth quarter and full-year 2023.

CTO's Q4 earnings report exceeded our expectations, leading us to upgrade to Buy.