CTO Realty Growth Stock Offers High Dividend Yield and Strong Growth

CTO Realty Growth stock has a high dividend yield, with a current dividend yield of 7.4%. This is significantly higher than the average dividend yield of the real estate investment trust (REIT) industry.

The company has a strong track record of paying consistent dividends to its shareholders. In fact, CTO Realty Growth has increased its dividend payout for 15 consecutive years.

Investors seeking high income from their investments may find CTO Realty Growth stock attractive. With a high dividend yield and a strong history of dividend growth, this stock could be a good option for those looking to generate regular income from their investments.

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CTO Realty Growth has been on a roll, achieving robust revenue and net income growth since 2019. This makes it an excellent choice for real estate diversification.

The company's third quarter performance was particularly strong, with a significant expansion of its gross leasable space. CTO Realty Growth has been expanding aggressively since the start of 2024, adding to its portfolio.

With a 96% occupancy rate and $91.4 million annualized base rent, CTO Realty Growth is a financially stable choice. The REIT's valuation metric is also looking good, with a significant portfolio expansion to 4.6 million square feet.

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Mark E. Patten, the Chief Financial Officer at CTO Realty Growth, will be leaving the company to join another publicly traded REIT. He'll assist with the transition until the completion of the second-quarter reporting for 2020.

Patten has been with the company for eight years, making significant contributions, including his role in a $97 million land joint venture and the launch of Alpine Income Property Trust. CEO John P. Albright praised his work.

The company has started searching for a new CFO to replace Patten. They're relying on their strong accounting team led by Lisa Vorakoun to ensure a smooth transition.

CTO Realty Growth has been on a roll since 2019, achieving robust revenue and net income growth. This makes it an excellent choice for real estate diversification.

The company's third quarter results were particularly strong, showcasing its aggressive expansion strategy. CTO Realty Growth has expanded its gross leasable space at a material pace since the start of 2024.

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The REIT's dividend yield is a major draw, paying out 7.6% to common shareholders. This is at least 164% covered by free cash flow, giving investors confidence in the company's ability to maintain its dividend.

CTO Realty Growth has positioned itself well for long-term growth, with a diversified portfolio and proactive management. Its strong financial performance has made it a compelling investment opportunity.

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CTO Realty Growth's market capitalization has surpassed the $500 million mark, reaching $575.84 million. This significant growth could attract a broader investor base and potentially lead to index inclusions.

The company's P/E ratio (adjusted) for the last twelve months as of Q3 2024 is 102.6, which is significantly higher than the current P/E ratio of 31.48. This discrepancy suggests that recent earnings have improved.

CTO Realty Growth has maintained dividend payments for 49 consecutive years, demonstrating a strong commitment to shareholder returns. This long history of consistent dividend payments adds credibility to the company's dividend strategy.

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Analyst Forecast suggests a promising future for CTO stock, with an average rating of "Strong Buy" from 4 analysts.

These analysts are optimistic about the stock's potential, predicting a 12-month price forecast of $21.5, which represents an 8.75% increase from the latest price.

The forecast is based on a thorough analysis of the company's growth potential and valuation, which is currently lower than the sector median.

This discrepancy presents a compelling opportunity for investors to buy into CTO Realty Growth, with a forward P/AFFO multiple of 10.34x, well below the sector median of 17.04x.

As investors, we should take note of this disparity and consider the potential for long-term growth in CTO stock.

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CTO Realty's market capitalization has surpassed $500 million, which could attract a broader investor base and potential index inclusions.

The company's P/E ratio (adjusted) for the last twelve months as of Q3 2024 is 102.6, significantly higher than the current P/E ratio of 31.48, suggesting recent earnings have improved.

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CTO Realty pays a significant dividend to shareholders, with a current dividend yield of 7.91% as of the latest data.

This dividend yield is attractive, and the company has maintained dividend payments for 49 consecutive years, demonstrating a strong commitment to shareholder returns.

The average rating for CTO stock is "Strong Buy" from 4 analysts, with a 12-month stock price forecast of $21.5, an increase of 8.75% from the latest price.

CTO Realty's valuation metric is relatively low, with a forward P/AFFO multiple of 10.34x, well below the sector median of 17.04x.

The company's strong growth potential is supported by strategic acquisitions and property repositioning in high-growth U.S. Sunbelt markets, offering a high yield of 7.9% and strong total returns.

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CTO Realty Growth offers a high dividend yield of 7.6% that is at least 164% covered by free cash flow, making it a safe investment choice.

The company has expanded its gross leasable space by a material pace since the start of 2024, providing a solid foundation for future growth.

CTO Realty Growth has a strong track record of beating earnings estimates, including a 14.31% YTD appreciation, outperforming the market.

Its focus on quality over quantity in high-growth markets like Florida and Georgia has benefited from population migration trends, positioning the company for long-term success.

The company's diversified portfolio and proactive management have positioned it well for growth, making it an excellent choice for real estate diversification.

CTO Realty Growth's high dividend yield is not only attractive but also sustainable, thanks to its robust revenue and net income growth since 2019.

Its third quarter earnings beat estimates, demonstrating the company's ability to deliver strong financial performance.

The company's location in some of the fastest-growing regions in the U.S. adds to its growth potential, making it a compelling investment opportunity.

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CTO Realty Growth has successfully closed the sale of multiple properties, yielding significant gains. The company sold a 7-Eleven in Dallas, Texas, for $2.4 million, and a Bank of America ground lease in Monterey, California, for $9.0 million.

These sales generated an estimated gain of $3.8 million, equating to $0.62 per share after tax. The proceeds from the sales will contribute to over $27 million in 1031 restricted cash accounts.

The company has also completed sales of three properties, generating nearly $28 million in proceeds, and sold four commercial loan investments for approximately $20 million.

CTO Realty Growth, Inc. has officially changed its name from Consolidated-Tomoka Land Co. as of May 11, 2020. This change was approved by shareholders on April 29, 2020.

The company's CEO, John P. Albright, expressed gratitude for the name change, believing it aligns with the company's future while honoring its 110-year history.

CTO Realty Growth, Inc. operates in the real estate sector and owns around 2.3 million square feet of income properties.

CTO Realty Growth, Inc. has announced it will release its second quarter 2020 operating results on July 29, 2020, after market close.

The company will present its operating results on an Earnings Call scheduled for July 30, 2020, at 9:00 a.m. ET, where shareholders can participate via teleconference and webcast.

CTO Realty Growth has completed three land sales totaling approximately 3,110 acres, generating around $42 million.

The largest transaction involved the sale of about 3,015 acres for $40.9 million to SITEX Properties USA.

282 acres remain under contract for potential future sales, with an estimated value of $30.9 million.

CTO Realty Growth has successfully closed the sale of two properties, yielding a combined estimated gain of $3.8 million.

The properties sold include a $2.4 million 7-Eleven in Dallas, Texas, with a cap rate of 6.08%, and a $9.0 million Bank of America ground lease in Monterey, California, with a cap rate of 3.28%.

Proceeds from the sales will contribute to over $27 million in 1031 restricted cash accounts, with the potential for reinvestment at accretive returns.

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CTO Realty Growth has generated approximately $39 million from five property sales year-to-date.

This significant gain is a testament to the company's strategic decision-making and effective property management.

The company's restricted cash will increase, providing a strong foundation for future investments.

CTO Realty Growth has successfully navigated the challenges posed by COVID-19, maintaining a strong liquidity position with around $44 million in unrestricted cash and $10 million in restricted cash.

Real estate activity is rebounding as macroeconomic uncertainties clear. This is leading to significant leasing volume in data centers and retail sectors, providing future revenue visibility.

SNO leases in data centers are driving this growth, offering a promising outlook for REITs.

The leasing volume in retail sectors is also on the rise, indicating a strong demand for physical storefronts.