CTO Realty Growth (NYSE:CTO) Releases Earnings Results, Beats Estimates By $0.48 EPS

CTO Realty Growth (NYSE:CTO) issued its earnings results on Thursday. The company reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.48, Zacks reports. The business had revenue of $35.74 million during the quarter, compared to the consensus estimate of $33.39 million. CTO Realty Growth had a return on equity of 4.04% and a net margin of 17.10%. CTO Realty Growth updated its FY 2025 guidance to 1.930-1.980 EPS.

CTO Realty Growth Stock Down 3.5 %

Shares of NYSE CTO traded down $0.72 during midday trading on Friday, reaching $19.50. 341,625 shares of the company’s stock were exchanged, compared to its average volume of 243,015. CTO Realty Growth has a 52-week low of $16.33 and a 52-week high of $21.15. The stock has a market capitalization of $584.46 million, a PE ratio of 33.00 and a beta of 0.78. The company has a debt-to-equity ratio of 0.88, a quick ratio of 3.96 and a current ratio of 3.96. The business’s fifty day moving average price is $19.76 and its two-hundred day moving average price is $19.57.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on CTO shares. Raymond James upgraded CTO Realty Growth from an “outperform” rating to a “strong-buy” rating and upped their price target for the stock from $22.00 to $24.00 in a report on Wednesday, October 30th. StockNews.com cut CTO Realty Growth from a “hold” rating to a “sell” rating in a report on Monday, October 28th.

CTO Realty Growth Company Profile

CTO Realty Growth, Inc is a publicly traded real estate investment trust that owns and operates a portfolio of high-quality, retail-based properties located primarily in higher growth markets in the United States. CTO also externally manages and owns a meaningful interest in Alpine Income Property Trust, Inc (NYSE: PINE), a publicly traded net lease REIT.