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3 Small Cap REITs Poised To Profit
Seeking Alpha· 2024-06-14 15:30
Some of my best buys in the real estate investment trust, or REIT, sector have been small cap REITs. QTS Realty (formerly QTS). American Campus (formerly ACC). RPT Realty (formerly RPT). CyrusOne (formerly CONE). Given the fragmentation within the REIT sector (only 10% of all institutional quality US commercial real estate is owned by REITs), we believe that there will be continued consolidation. Thus, we enjoy researching and investing in small cap REITs because they could be acquired at large premiums or ...
CTO Realty Growth Announces Hiring of Chief Financial Officer
Newsfilter· 2024-05-31 20:10
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. Upon the effectiveness of Mr. Mays's appointment, Mr. Mays will act as the Company's principal financial officer, and Lisa M. Vorakoun will resume her ro ...
CORRECTION – CTO Realty Growth Declares Dividends For the Second Quarter 2024 (Ex-Dividend Date Correction)
globenewswire.com· 2024-05-29 11:30
WINTER PARK, Fla., May 29, 2024 (GLOBE NEWSWIRE) -- CTO Realty Growth, Inc. (NYSE: CTO) (the "Company" or "CTO") announced today a correction to the ex-dividend date previously announced on May 28, 2024. The ex-dividend date for the second quarter dividends payable on the Company's common stock and Series A Preferred Stock has been corrected from June 12, 2024 to June 13, 2024. All other details remain unchanged. About CTO Realty Growth, Inc. CTO Realty Growth, Inc. is a publicly traded real estate investme ...
CTO Realty Growth Declares Dividends For the Second Quarter 2024
Newsfilter· 2024-05-28 11:00
WINTER PARK, Fla., May 28, 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 second quarter of 2024 (the "Common Stock Cash Dividend"). The Common Stock Cash Dividend represents an annualized yield of approximately 8.7% based on the closing price of the Company's common stock on May 24, 2024. The Common Stock Cash Di ...
CTO Realty Growth Declares Dividends For the Second Quarter 2024
globenewswire.com· 2024-05-28 11:00
WINTER PARK, Fla., May 28, 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 second quarter of 2024 (the "Common Stock Cash Dividend"). The Common Stock Cash Dividend represents an annualized yield of approximately 8.7% based on the closing price of the Company's common stock on May 24, 2024. The Common Stock Cash Di ...
Avoid Meme Stocks, Invest The 'REIT' Way
seekingalpha.com· 2024-05-17 11:00
Funtap Meme stocks are back! GameStop (GME)… AMC (AMC)… Tupperware (TUP)… Virgin Galactic (SPCE)… BlackBerry (BB)… They're all making the headlines again in a seeming salute to the crazy days of 2021. While we haven't seen the same enthusiasm so far, there still have been some prominent price movements this past week. Take the stock that started it all. It jumped from $17.45 (Friday's close) to over $30 by Monday's closing bell. And it spiked again at Tuesday's open to $55.69. The fact that GameStop lost st ...
CTO Realty Growth: Sun Is Still Shining, We're Still Buying
Seeking Alpha· 2024-05-10 08:40
MasaoTaira Summary We have been primarily bullish on CTO Realty Growth, Inc. (NYSE:CTO) since we initiated coverage on the name in October of last year. The Company has had some operational hiccups in recent months, with several tenants facing significant difficulty and/or bankruptcy (e.g., WeWork, Regal). This caused us to cautiously flip to a Hold rating in late November before returning to a Buy following the Q4 2023 results. In this report, we digest the Q1 2024 results, which showed promising devel ...
3 High-Yield Real Estate Stocks for Long-Term Income
InvestorPlace· 2024-05-09 18:05
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. Investing in REITs offers several advantages similar to traditional real estate investment, such as capital appreciation — as the value of the properties increases over time — and an option to diversify investment portfolios, reducing the overall risk.Moreover, REI ...
CTO Realty Growth: A 9% Dividend Yield From Sun Belt Retail Properties
Seeking Alpha· 2024-05-06 20:32
slobo/iStock Unreleased via Getty ImagesCTO Realty Growth (NYSE:CTO) forms one of my REIT positions with its safe dividend yield, retail property portfolio, and prudent multiple to FFO all forming reasons for continued bullishness. The REIT last declared a quarterly cash dividend of $0.38 per share, kept unchanged sequentially and $1.52 per share annualized, for an 8.9% dividend yield. This was 137% covered by its fiscal 2024 first-quarter adjusted FFO ("AFFO") of $0.52 per share, a roughly 73% payout r ...
CTO Realty Growth(CTO) - 2024 Q1 - Earnings Call Presentation
2024-05-03 16:06
CTO has an outsized dividend yield and attractive absolute valuation relative to many in its retail-focused peer group and its long-term growth opportunities. May 2024 Investor Presentation REALTY GROWTH Shops at Legacy Plano, TX Square Feet Investment in 3.9M 50% 8.4% Alpine Income Property Trust2 Based on $15.28 per share common stock price as of March 31, 2024. 3. | --- | --- | --- | --- | |--------------------------|---------------------------------------------------------|------------------------------ ...