CTO Realty Growth (NYSE:CTO) Posts Quarterly Earnings Results, Beats Expectations By $0.48 EPS

CTO Realty Growth (NYSE:CTO) released its quarterly earnings data on Thursday. The company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.01 by $0.48, Zacks reports. CTO Realty Growth had a net margin of 17.10% and a return on equity of 4.04%.

CTO Realty Growth Trading Up 0.2 %

Shares of NYSE CTO traded up $0.03 during trading on Thursday, hitting $20.25. 218,010 shares of the company were exchanged, compared to its average volume of 240,986. CTO Realty Growth has a 12-month low of $16.33 and a 12-month high of $21.15. 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 company has a fifty day moving average price of $19.76 and a 200-day moving average price of $19.57. The firm has a market capitalization of $607.15 million, a PE ratio of 34.33 and a beta of 0.78.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on CTO shares. Raymond James upgraded shares of CTO Realty Growth from an “outperform” rating to a “strong-buy” rating and boosted their target price for the company from $22.00 to $24.00 in a research note on Wednesday, October 30th. StockNews.com cut shares of CTO Realty Growth from a “hold” rating to a “sell” rating in a research note 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.