CTO Realty Growth (NYSE:CTO) Upgraded to Hold at StockNews.com

CTO Realty Growth (NYSE:CTOGet Rating) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued to investors on Friday.

A number of other research firms have also weighed in on CTO. TheStreet lowered shares of CTO Realty Growth from a “b-” rating to a “c” rating in a research report on Friday, May 20th. Raymond James began coverage on shares of CTO Realty Growth in a research note on Friday, June 17th. They issued an “outperform” rating and a $23.00 target price on the stock. Jonestrading increased their target price on shares of CTO Realty Growth from $25.00 to $26.67 in a report on Friday, April 29th. Finally, BTIG Research set a $24.00 price target on shares of CTO Realty Growth in a report on Tuesday, July 19th. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $24.25.

CTO Realty Growth Price Performance

NYSE:CTO opened at $21.20 on Friday. CTO Realty Growth has a one year low of $17.43 and a one year high of $22.46. The company has a debt-to-equity ratio of 0.69, a current ratio of 3.73 and a quick ratio of 3.73. The business’s 50-day simple moving average is $44.88. The company has a market capitalization of $383.78 million, a price-to-earnings ratio of 19.88 and a beta of 0.77.

CTO Realty Growth (NYSE:CTOGet Rating) last released its quarterly earnings data on Thursday, April 28th. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.42). CTO Realty Growth had a net margin of 30.72% and a return on equity of 5.45%. During the same quarter in the previous year, the firm earned $0.32 EPS. On average, equities research analysts expect that CTO Realty Growth will post 1.58 earnings per share for the current fiscal year.

Insider Activity at CTO Realty Growth

In other news, major shareholder Cto Realty Growth, Inc. acquired 10,406 shares of the firm’s stock in a transaction dated Monday, May 2nd. The stock was acquired at an average cost of $18.32 per share, with a total value of $190,637.92. Following the completion of the acquisition, the insider now owns 868,054 shares of the company’s stock, valued at $15,902,749.28. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. In other news, major shareholder Cto Realty Growth, Inc. purchased 10,406 shares of the company’s stock in a transaction dated Monday, May 2nd. The stock was acquired at an average price of $18.32 per share, for a total transaction of $190,637.92. Following the completion of the transaction, the insider now directly owns 868,054 shares in the company, valued at approximately $15,902,749.28. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director George R. Brokaw acquired 1,000 shares of the firm’s stock in a transaction that occurred on Monday, June 13th. The shares were bought at an average cost of $60.40 per share, for a total transaction of $60,400.00. Following the purchase, the director now owns 19,891 shares of the company’s stock, valued at $1,201,416.40. The disclosure for this purchase can be found here. Insiders acquired 44,412 shares of company stock valued at $833,852 over the last three months. 5.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On CTO Realty Growth

Hedge funds and other institutional investors have recently bought and sold shares of the business. Gamco Investors INC. ET AL boosted its position in CTO Realty Growth by 0.7% during the 1st quarter. Gamco Investors INC. ET AL now owns 23,410 shares of the company’s stock valued at $1,553,000 after purchasing an additional 172 shares during the period. Bank of America Corp DE raised its stake in shares of CTO Realty Growth by 1.4% in the 1st quarter. Bank of America Corp DE now owns 16,442 shares of the company’s stock worth $1,090,000 after buying an additional 221 shares in the last quarter. Steward Partners Investment Advisory LLC raised its stake in shares of CTO Realty Growth by 5.3% in the 1st quarter. Steward Partners Investment Advisory LLC now owns 8,144 shares of the company’s stock worth $540,000 after buying an additional 409 shares in the last quarter. Daiwa Securities Group Inc. raised its position in shares of CTO Realty Growth by 42.0% during the fourth quarter. Daiwa Securities Group Inc. now owns 1,733 shares of the company’s stock worth $106,000 after purchasing an additional 513 shares during the period. Finally, Amalgamated Bank acquired a new stake in shares of CTO Realty Growth during the first quarter worth $47,000. 65.42% of the stock is currently owned by hedge funds and other institutional investors.

About CTO Realty Growth

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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).

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