CTO Realty Growth, Inc. is a Florida-based publicly traded real estate company, which owns income properties comprised of approximately 2.4 million square feet in diversified markets in the United States and an approximately 23.5% interest in Alpine Income Property Trust, Inc., a publicly traded net lease real estate investment trust (NYSE: PINE).
IPO Year: 1992
Exchange: AMEX
Website: ctorealtygrowth.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
4/8/2024 | $20.00 | Buy | Alliance Global Partners |
6/17/2022 | $69.00 | Outperform | Raymond James |
3/8/2022 | $67.00 → $72.00 | Buy | BTIG |
2/28/2022 | $70.00 → $75.00 | Buy | JonesTrading |
2/2/2022 | $70.00 | Buy | JonesTrading |
8-K - CTO Realty Growth, Inc. (0000023795) (Filer)
424B5 - CTO Realty Growth, Inc. (0000023795) (Filer)
8-K - CTO Realty Growth, Inc. (0000023795) (Filer)
8-K - CTO Realty Growth, Inc. (0000023795) (Filer)
10-Q - CTO Realty Growth, Inc. (0000023795) (Filer)
8-K - CTO Realty Growth, Inc. (0000023795) (Filer)
8-K - CTO Realty Growth, Inc. (0000023795) (Filer)
8-K - CTO Realty Growth, Inc. (0000023795) (Filer)
8-K - CTO Realty Growth, Inc. (0000023795) (Filer)
10-Q - CTO Realty Growth, Inc. (0000023795) (Filer)
WINTER PARK, Fla., Jan. 18, 2022 (GLOBE NEWSWIRE) -- CTO Realty Growth, Inc. (NYSE:CTO) (the "Company" or "CTO") today announced the appointment of Christopher J. Drew to its Board of Directors (the "Board"), such appointment to be effective January 18, 2022. Mr. Drew is a Senior Managing Director of JLL Capital Markets, Americas and co-head of JLL's Miami office. He joined JLL as part of the HFF acquisition and has more than a decade of commercial real estate experience. His primary responsibilities at JLL include overseeing the day-to-day operations of the Miami office and arranging joint venture equity, preferred equity, mezzanine financing and senior level financing for real estat
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 Cash Dividend is payable on September 30, 2024, to stockholders of record as of the close of business on September 12, 2024, and the ex-dividend date for the Common Stock Cash Dividend is S
WINTER PARK, Fla., Aug. 08, 2024 (GLOBE NEWSWIRE) -- CTO Realty Growth, Inc. (NYSE:CTO) (the "Company") today announced that it has entered into a purchase and sale agreement for the acquisition of a three-property portfolio (the "Three Property Portfolio") for a purchase price of $137.5 million. The Three Property Portfolio consists of three open-air shopping centers located in Charlotte, North Carolina; Orlando, Florida; and Tampa, Florida, with an aggregate gross leasable area of approximately 0.9 million square feet which are approximately 94.2% leased, with a weighted average remaining lease term of 6.2 years as of August 7, 2024. Additionally, on August 1, 2024, the Compa
WINTER PARK, Fla., June 26, 2024 (GLOBE NEWSWIRE) -- CTO Realty Growth (NYSE:CTO) (the "Company") announced today that it will report its financial and operating results for the second quarter of 2024 after the market closes on Thursday, July 25, 2024. The Company will host a conference call to discuss its financial and operating results for the second quarter of 2024 at 9:00 AM ET on Friday, July 26, 2024. A live webcast of the call will be available on the Investor Relations page of the Company's website at www.ctoreit.com or at the link provided in the event details below. To access the call by phone, please go to the registration link provided in the event details below and you will b
WINTER PARK, Fla., May 31, 2024 (GLOBE NEWSWIRE) -- Alpine Income Property Trust, Inc. (NYSE:PINE) (the "Company" or "PINE") announced today that Philip R. Mays has been appointed Senior Vice President, Chief Financial Officer and Treasurer of the Company, effective as of June 17, 2024. Mr. Mays was most recently the Chief Financial Officer of Shadowbox Studios, from September 2021 to February 2024. Prior to that, from June 2011 to September 2021, Mr. Mays served as Chief Financial Officer and Executive Vice President of Cedar Realty Trust, Inc. ("Cedar"), a NYSE-listed retail real estate investment trust ("REIT"). His departure from Cedar coincided with Cedar's announcement that it would
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 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 external
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 Dividend is payable on June 28, 2024, to stockholders of record as of the close of business on June 13, 2024, and the ex-dividend date for the Common Stock Cash Dividend is June 12, 2024.
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. A live webcast of the call will be available on the Investor Relations page of the Company's website at www.ctoreit.com or at the link provided in the event details below. To access the call by phone, please go to the registration link provided in the event details below and you will be provided with dial-in details. Even
WINTER PARK, Fla., March 21, 2024 (GLOBE NEWSWIRE) -- CTO Realty Growth, Inc. (NYSE:CTO) (the "Company" or "CTO") today announced the acquisition of Marketplace at Seminole Towne Center, a 318,000 square foot multi-tenant retail power center in the Sanford submarket of Orlando, Florida (the "Property") for a purchase price of $68.7 million. The purchase price represents a going-in cap rate within the range of the Company's current guidance for initial cash yields. "We are pleased to announce the acquisition of Marketplace at Seminole Towne Center, a premier retail destination near our headquarters in Orlando, Florida," said John P. Albright, President and Chief Executive Officer of CTO Re
WINTER PARK, Fla., Feb. 22, 2024 (GLOBE NEWSWIRE) -- CTO Realty Growth, Inc. (NYSE:CTO) (the "Company" or "CTO") today announced its operating results and earnings for the quarter and year ended December 31, 2023. Select Full Year 2023 Highlights Reported Net Income per diluted share attributable to common stockholders of $0.03 for the year ended December 31, 2023.Reported Core FFO per diluted share attributable to common stockholders of $1.77 for the year ended December 31, 2023.Reported AFFO per diluted share attributable to common stockholders of $1.91 for the year ended December 31, 2023.Invested $80.0 million into four retail property acquisitions and one land parcel, totaling 470,6
WINTER PARK, Fla., Feb. 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 first quarter of 2024 (the "Common Stock Cash Dividend"). The Common Stock Cash Dividend represents an annualized yield of approximately 9.3% based on the closing price of the Company's common stock on February 16, 2024. The Common Stock Cash Dividend is payable on March 28, 2024, to stockholders of record as of the close of business on March 14, 2024, and the ex-dividend date for the Common Stock Cash Dividend is March
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 Jordan Landing located in West Jordan, Utah for $18.0 million. The Company's property portfolio, after closing of the above transactions, has increased approximately 19% with respect to
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 Cash Dividend is payable on September 30, 2024, to stockholders of record as of the close of business on September 12, 2024, and the ex-dividend date for the Common Stock Cash Dividend is S
WINTER PARK, Fla., Aug. 08, 2024 (GLOBE NEWSWIRE) -- CTO Realty Growth, Inc. (NYSE:CTO) (the "Company") today announced that it has entered into a purchase and sale agreement for the acquisition of a three-property portfolio (the "Three Property Portfolio") for a purchase price of $137.5 million. The Three Property Portfolio consists of three open-air shopping centers located in Charlotte, North Carolina; Orlando, Florida; and Tampa, Florida, with an aggregate gross leasable area of approximately 0.9 million square feet which are approximately 94.2% leased, with a weighted average remaining lease term of 6.2 years as of August 7, 2024. Additionally, on August 1, 2024, the Compa
WINTER PARK, Fla., July 25, 2024 (GLOBE NEWSWIRE) -- CTO Realty Growth, Inc. (NYSE:CTO) (the "Company" or "CTO") today announced its operating results and earnings for the quarter ended June 30, 2024. Second Quarter and Recent Highlights Reported Net Loss per diluted share attributable to common stockholders of $(0.03) for the quarter ended June 30, 2024.Reported Core FFO per diluted share attributable to common stockholders of $0.45 for the quarter ended June 30, 2024.Reported AFFO per diluted share attributable to common stockholders of $0.48 for the quarter ended June 30, 2024.Received net proceeds of $33.1 million from the completion of a follow-on public offering of 1,71
WINTER PARK, Fla., June 26, 2024 (GLOBE NEWSWIRE) -- CTO Realty Growth (NYSE:CTO) (the "Company") announced today that it will report its financial and operating results for the second quarter of 2024 after the market closes on Thursday, July 25, 2024. The Company will host a conference call to discuss its financial and operating results for the second quarter of 2024 at 9:00 AM ET on Friday, July 26, 2024. A live webcast of the call will be available on the Investor Relations page of the Company's website at www.ctoreit.com or at the link provided in the event details below. To access the call by phone, please go to the registration link provided in the event details below and you will b
WINTER PARK, Fla., May 31, 2024 (GLOBE NEWSWIRE) -- CTO Realty Growth, Inc. (NYSE:CTO) (the "Company" or "CTO") announced today that Philip R. Mays has been appointed Senior Vice President, Chief Financial Officer and Treasurer of the Company, effective as of June 17, 2024. Mr. Mays was most recently the Chief Financial Officer of Shadowbox Studios, from September 2021 to February 2024. Prior to that, from June 2011 to September 2021, Mr. Mays served as Chief Financial Officer and Executive Vice President of Cedar Realty Trust, Inc. ("Cedar"), a NYSE-listed retail real estate investment trust ("REIT"). His departure from Cedar coincided with Cedar's announcement that it would explore stra
WINTER PARK, Fla., May 31, 2024 (GLOBE NEWSWIRE) -- Alpine Income Property Trust, Inc. (NYSE:PINE) (the "Company" or "PINE") announced today that Philip R. Mays has been appointed Senior Vice President, Chief Financial Officer and Treasurer of the Company, effective as of June 17, 2024. Mr. Mays was most recently the Chief Financial Officer of Shadowbox Studios, from September 2021 to February 2024. Prior to that, from June 2011 to September 2021, Mr. Mays served as Chief Financial Officer and Executive Vice President of Cedar Realty Trust, Inc. ("Cedar"), a NYSE-listed retail real estate investment trust ("REIT"). His departure from Cedar coincided with Cedar's announcement that it would
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 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 external
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 Dividend is payable on June 28, 2024, to stockholders of record as of the close of business on June 13, 2024, and the ex-dividend date for the Common Stock Cash Dividend is June 12, 2024.
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. First Quarter and Recent Highlights Reported Net Income per diluted share attributable to common stockholders of $0.20 for the quarter ended March 31, 2024.Reported Core FFO per diluted share attributable to common stockholders of $0.48 for the quarter ended March 31, 2024.Reported AFFO per diluted share attributable to common stockholders of $0.52 for the quarter ended March 31, 2024.Invested $71.0 million into two retail property acquisitions, totaling 319,066 leasable square feet at
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JonesTrading analyst Jason Weaver maintains CTO Realty Growth (NYSE:CTO) with a Buy and lowers the price target from $21 to $19.
CTO Realty Growth (NYSE:CTO) reported quarterly earnings of $0.52 per share which beat the analyst consensus estimate of $0.39 by 33.33 percent. This is a 20.93 percent increase over earnings of $0.43 per share from the same period last year. The company reported quarterly sales of $28.127 million which missed the analyst consensus estimate of $29.914 million by 5.97 percent. This is a 13.80 percent increase over sales of $24.717 million the same period last year.
Alliance Global Partners analyst Gaurav Mehta initiates coverage on CTO Realty Growth (NYSE:CTO) with a Buy rating and announces Price Target of $20.
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. "In recent months, we have successfully sold many of our smaller non-core properties and nearly all of our legacy office exposure," said John P. Albright, President and Chief Executive Officer of CTO Realty Growth, Inc. "We anticipate using the proceeds f
CTO Realty Growth, Inc. (NYSE:CTO) (the "Company" or "CTO") announced today that its Senior Vice President, Chief Financial Officer and Treasurer, Matthew M. Partridge, has resigned from the Company, effective as of April 1, 2024 (the "Effective Date"), to pursue another opportunity with a new venture not in the REIT industry. Following the Effective Date, Mr. Partridge intends to provide further assistance with certain needs of the Company during the Company's first quarter reporting period in order to ensure a successful transition. The Company has begun its search for a new Chief Financial Officer. "Both personally and on behalf of the board of directors, I want to wish Matt great success
EF Hutton analyst Michael Albanese reiterates CTO Realty Growth (NYSE:CTO) with a Buy and maintains $20 price target.
CTO Realty Growth (NYSE:CTO) reported quarterly earnings of $0.52 per share which beat the analyst consensus estimate of $0.34 by 52.94 percent. This is a 40.54 percent increase over earnings of $0.37 per share from the same period last year. The company reported quarterly sales of $29.89 million which beat the analyst consensus estimate of $26.36 million by 13.39 percent. This is a 32.65 percent increase over sales of $22.53 million the same period last year.
4 - CTO Realty Growth, Inc. (0000023795) (Issuer)
Alliance Global Partners initiated coverage of CTO Realty Growth with a rating of Buy and set a new price target of $20.00
Raymond James initiated coverage of CTO Realty Growth with a rating of Outperform and set a new price target of $69.00
BTIG reiterated coverage of CTO Realty Growth with a rating of Buy and set a new price target of $72.00 from $67.00 previously
JonesTrading reiterated coverage of CTO Realty Growth with a rating of Buy and set a new price target of $75.00 from $70.00 previously
JonesTrading initiated coverage of CTO Realty Growth with a rating of Buy and set a new price target of $70.00
BTIG Research initiated coverage of CTO Realty Growth with a rating of Buy and set a new price target of $60.00
Compass Point downgraded CTO Realty Growth from Buy to Neutral
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