Best Income Stocks to Buy for September 16th
DKL, CTO and VRN made it to the Zacks Rank #1 (Strong Buy) income stocks list on September 16, 2024.
CTO Realty Growth: I'm Buying The Commons For The 8% Dividend Yield
CTO Realty Growth has kept its quarterly dividend stable and currently offers a fully covered 8% dividend yield. The retail REIT is trading at a price-to-free cash flow multiple of 9.71x, below its historical range. Fed rate cuts will deliver a huge boost to investor sentiment and the REIT's multiple.
CTO Realty (CTO) Moves 8.4% Higher: Will This Strength Last?
CTO Realty (CTO) witnessed a jump in share price last session on above-average trading volume. The latest trend in FFO estimate revisions for the stock suggests that there could be more strength down the road.
CTO Realty Growth: Get Paid To Wait For The Valuation Discount To Close
CTO Realty Growth is undervalued due to near-term debt concerns, presenting a buying opportunity as refinancing at favorable rates is likely with dropping interest rates. The REIT's portfolio focuses on high-quality properties in growth markets, with strong economic fundamentals and long-term leases, enhancing stability and income potential. Q2'24 results exceeded expectations, with top line growth driven by new property acquisitions and improving occupancy rates, indicating strong operational performance.
CTO Realty (CTO) Upgraded to Buy: Here's Why
CTO Realty (CTO) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Assessing Quality Of REIT Earnings
REITs trade on AFFO, but the market often overlooks the quality of AFFO growth, leading to mispricings. AFFO growth sources vary in quality; repeatable sources like rental rate growth are more valuable than one-time or cyclical gains. Capital structure changes like debt paydown and share buybacks can enhance AFFO quality by reducing risk and demonstrating management alignment.
CTO Realty Growth: Growth To Resume In H2 2024 (Maintain Buy)
CTO Q2 earnings report shows modest growth and limited investment activity, with a 2% same property NOI growth. Despite a decline in Core FFO and AFFO, management's guidance raise and increased investment activity outlook are well-received by the market. CTO common and preferred shares are still viewed as attractive, with potential upside to NAV and strong yields, despite risks such as delays in rate cuts and share issuances.
3 Real Estate Stocks That May Offer Attractive Yields
The top real estate stocks are defying market headwinds with remarkable resilience. Despite mortgage rates soaring to record highs over the past couple of decades, the U.S. real estate market continues to show extraordinary strength.
CTO Realty Growth: A Discounted Way To Play The Retail Boom
CTO Realty Growth is a retail REIT with strong leasing prospects, trading at a discounted 11X AFFO multiple and 7.5% dividend yield. Retail real estate is gaining respect as a growth play, leading to potential upside for retail REITs like CTO. CTO's property portfolio and leasing prospects show potential for revenue growth and increased occupancy, with a fair value estimate of $25.50 per share.
CTO Realty Growth: Yields 7.75%, Increased Guidance, Trades At Discount To Book
CTO Realty Growth benefits from high-income earners moving to Sun Belt states with lower tax rates, leading to potential growth opportunities. CTO delivered a strong Q2, beating revenue and FFO estimates, increasing guidance, and positioning well for future investments and profitability. Despite underperforming the market, CTO offers value with a discount to book value, attractive profitability metrics, and a high dividend yield of 7.75%.
CTO Realty Growth Series A Preferred: 7.5% Yield Plus Appreciation Potential In Anticipation Of Declining Interest Rates
CTO Realty Growth's focus on retail real estate has led to strong leasing activity and impressive 2Q24 operating results. The company is undergoing a transformation with a $1.2B investment in new retail assets and a $0.7B disposition of non-core assets. CTO.PR.A preferred shares offer a 7.59% yield, potential for capital appreciation, and may benefit from anticipated Fed rate cuts.
CTO Realty Growth, Inc. (CTO) Q2 2024 Earnings Call Transcript
CTO Realty Growth, Inc. (NYSE:CTO ) Q2 2024 Earnings Conference Call July 26, 2024 9:00 AM ET Company Participants John Albright - Chief Executive Officer and President Philip Mays - Senior Vice President, Chief Financial Officer and Treasurer Conference Call Participants R.J. Milligan - Raymond James Gopal Mehta - Alliance Global Partners Rob Stevenson - Janney Montgomery and Scott Matthew Erdner - Jones Trading John Massocca - B.
