CTO Realty Growth, Inc. [CTO] Stock Forecast

As the market waits for the Federal Reserve's next move regarding interest rates, you may wonder whether now is the time to load up on dividend stocks. After all, these types of stocks are highly sensitive to interest rate changes, rising as rates come down, but falling as rates go up.

REITs trade more like bonds than stocks, so they tend to hold up well in recessions. Their dividends come back in vogue as easy money dries up.

Although the revenue and EPS for CTO Realty (CTO) give a sense of how its business performed in the quarter ended June 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

CTO Realty (CTO) came out with quarterly funds from operations (FFO) of $0.48 per share, beating the Zacks Consensus Estimate of $0.41 per share. This compares to FFO of $1.48 per share a year ago.

CTO Realty Growth is a diversified REIT that owns high-quality retail-based properties mainly in high-growth US markets. They have shown a strong past performance but have been facing some issues lately; however, they are expected to cope. I present my bullish analysis for the company.

WINTER PARK, Fla., June 29, 2023 (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 2023 after the market closes on Thursday, July 27, 2023. A conference call to discuss its financial and operating results is scheduled for Friday, July 28, 2023 at 9:00 AM ET.

Dividend growth stocks can provide growing wealth over time to income investors and potentially promote share price appreciation. The article explores five dividend growth stocks for June: OneMain Holdings, Enbridge, Alpine Income Property Trust, TC Energy Corp, and Cogent Communications Holdings Inc. These stocks were screened based on dividend safety, dividend growth, and dividend consistency, with more due diligence needed before making an investment decision.

Although most REITs remain in trouble, CTO Realty Growth, Inc. possesses the necessary characteristics to outperform the market. Diminishing credit spreads and more predictable inflation could result in tailwinds for best-in-class cyclical REITs such as CTO. A recent acquisition with an upper-end going-in cap rate and a new bond origination are among the key short-term catalysts for CTO Realty Growth.

CTO Realty (CTO) came out with quarterly funds from operations (FFO) of $0.43 per share, beating the Zacks Consensus Estimate of $0.41 per share. This compares to FFO of $0.49 per share a year ago.

CTO Realty Growth Yields 9.25% And Looks Interesting Going Into Earnings.

CTO Realty Growth, Inc. is a US stock , located in Daytona beach of Fl and trading under the symbol CTO

6 stock analysts have 6 predictions with a medium analyst target price of $25.11. The lowest prediction is $23 and the highest is $26.666666666667

CTO Realty Growth, Inc. stock price is $16.06 today.

Yes, CTO Realty Growth, Inc. is a publicly traded company.