jetcityimage/iStock Editorial via Getty Images CTO Realty Growth (NYSE:CTO) has been a quiet juggernaut in the retail REIT space, up 18% on a total return basis year-to-date and last declaring a quarterly cash dividend of $0.38 per share, unchanged from the prior period and $1.52 per share for an 8% annualized dividend yield. I last overed the REIT in May, when there was still material uncertainty around when the Fed would start paring bock interest rates. Market confidence around the start of rate cuts has ...

CTO Realty (CTO) shares ended the last trading session 8.4% higher at $21.15. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 1.4% gain over the past four weeks. The increased investor optimism in the stock can be attributed to the favorable operating environment. This real estate company is expected to post quarterly funds from operation (FFO) of $0.47 per share in its upcoming report, which represents a year-over ...

Margarita-Young Investment Thesis CTO Realty Growth (NYSE:CTO) trades at a discount to peers because of near-term debt coming due as early as 2026, which, I believe, has made other investors avoid the company. In my view, this has created a buying opportunity for investors as the Series A preferred offering in April shows that the company has a low cost of capital and, with interest rates dropping, should be able to refinance at similar rates to existing debt instruments. With a decent quality portfolio of ...

CTO Realty (CTO) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices. The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system. Since a changi ...

pepifoto REITs overwhelmingly trade on Adjusted Funds From Operations or AFFO. REITs with strong AFFO/share growth over the past 5 years tend to trade at high multiples and those with low or negative AFFO/share growth trade at low multiples. While higher AFFO is of course better, our analysis suggests the market is too focused on the raw numbers and is missing the underlying quality. AFFO comes from 18 buckets, each of which has decidedly different implications for the quality of earnings. This article will ...

WINTER PARK, Fla., Aug. 21, 2024 (GLOBE NEWSWIRE) -- CTO Realty Growth, Inc. (NYSE: CTO) (the "Company" or "CTO") today announced closing the acquisition of a portfolio of three open-air shopping centers (the "Three Property Portfolio") for a purchase price of $137.5 million. The Three Property Portfolio consists of Carolina Pavilion in Charlotte, North Carolina; Millenia Crossing in Orlando, Florida; and Lake Brandon Village in Tampa, Florda. Additionally, on August 15, 2024, the Company closed the sale of ...

WINTER PARK, Fla., Aug. 20, 2024 (GLOBE NEWSWIRE) -- CTO Realty Growth, Inc. (NYSE: CTO) (the "Company" or "CTO") announced today that its Board of Directors has authorized, and the Company has declared, a quarterly cash dividend of $0.38 per share of common stock for the third quarter of 2024 (the "Common Stock Cash Dividend"). The Common Stock Cash Dividend represents an annualized yield of approximately 7.9% based on the closing price of the Company's common stock on August 19, 2024. The Common Stock Cas ...

MasaoTaira Summary Despite a quarter of subdued investment activity and a significant share price rally, we are still bullish on CTO Realty Growth (NYSE:CTO). In this report we cover CTO's Q2 earnings and provide an updated view on valuation for the common and preferred. Earnings Update There were no changes to the composition of the income producing portfolio, with no investments or dispositions during the quarter. Rents grew ~2% QoQ in the multitenant portfolio, and were unchanged in the single-tenant por ...

The top real estate stocks are defying market headwinds with remarkable resilience. Despite mortgage rates soaring to record highs over the past couple of decades, the U.S. real estate market continues to show extraordinary strength. Property prices remain on an upward trajectory, and the persistent growth is mainly fueled by a significant supply-demand imbalance. The market's resilience is underscored by superb demand and stringent lending standards, which lower the overall risk. That said, in this environ ...

buzbuzzer The Buy Thesis CTO Realty Growth (NYSE:CTO) is a mostly retail REIT with strong organic leasing prospects ahead. Despite its growth potential, it is deeply discounted, which allows investors to get in at an 11X AFFO multiple and 7.5% dividend yield. We shall begin with an explanation of why CTO trades at a low multiple and then follow with its forward fundamentals. Why CTO trades cheaply Retail real estate is having a renaissance as it moves from being a feared asset class to being respected as a ...