CTO Realty Growth (NYSE:CTO) Given New $25.00 Price Target at EF Hutton Acquisition Corp I

CTO Realty Growth (NYSE:CTOGet Rating) had its price target hoisted by investment analysts at EF Hutton Acquisition Corp I from $24.00 to $25.00 in a note issued to investors on Monday, MarketBeat reports. The brokerage presently has a “buy” rating on the stock. EF Hutton Acquisition Corp I’s price target would indicate a potential upside of 16.39% from the company’s previous close.

Several other equities research analysts also recently weighed in on CTO. BTIG Research set a $24.00 target price on shares of CTO Realty Growth in a research note on Tuesday, July 19th. Jonestrading increased their price target on shares of CTO Realty Growth from $25.00 to $26.67 in a research report on Friday, April 29th. Raymond James began coverage on CTO Realty Growth in a report on Friday, June 17th. They set an “outperform” rating and a $23.00 price objective for the company. TheStreet downgraded shares of CTO Realty Growth from a “b-” rating to a “c” rating in a research report on Friday, May 20th. Finally, StockNews.com upgraded CTO Realty Growth from a “sell” rating to a “hold” rating in a research note on Friday, July 29th. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $24.40.

CTO Realty Growth Stock Performance

NYSE CTO opened at $21.48 on Monday. CTO Realty Growth has a fifty-two week low of $17.43 and a fifty-two week high of $22.46. The company has a quick ratio of 6.05, a current ratio of 6.05 and a debt-to-equity ratio of 0.80. The stock has a market capitalization of $393.51 million, a P/E ratio of 16.83 and a beta of 0.76. The firm’s fifty day moving average is $43.19.

Insider Activity at CTO Realty Growth

In other news, Director George R. Brokaw bought 1,000 shares of CTO Realty Growth stock in a transaction dated Monday, June 13th. The stock was acquired at an average cost of $60.40 per share, with a total value of $60,400.00. Following the acquisition, the director now owns 19,891 shares of the company’s stock, valued at $1,201,416.40. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. In other CTO Realty Growth news, Director George R. Brokaw bought 1,000 shares of the stock in a transaction dated Monday, June 13th. The shares were acquired at an average cost of $60.40 per share, for a total transaction of $60,400.00. Following the completion of the transaction, the director now owns 19,891 shares in the company, valued at approximately $1,201,416.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Robert Blakeslee Gable bought 1,245 shares of the business’s stock in a transaction dated Tuesday, August 2nd. The stock was acquired at an average cost of $21.50 per share, for a total transaction of $26,767.50. Following the completion of the acquisition, the director now directly owns 25,331 shares in the company, valued at $544,616.50. The disclosure for this purchase can be found here. Insiders have purchased 31,651 shares of company stock valued at $603,454 in the last ninety days. Insiders own 5.60% of the company’s stock.

Institutional Investors Weigh In On CTO Realty Growth

Several hedge funds have recently made changes to their positions in the business. Gamco Investors INC. ET AL raised its stake in shares of 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 worth $1,553,000 after buying an additional 172 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of CTO Realty Growth by 1.4% during 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 during the last quarter. Steward Partners Investment Advisory LLC raised its position 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 during the period. Daiwa Securities Group Inc. lifted its stake in shares of CTO Realty Growth by 42.0% in the 4th quarter. Daiwa Securities Group Inc. now owns 1,733 shares of the company’s stock valued at $106,000 after purchasing an additional 513 shares in the last quarter. Finally, Amalgamated Bank purchased a new stake in shares of CTO Realty Growth during the 1st quarter worth about $47,000. Institutional investors and hedge funds own 65.42% of the company’s stock.

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).

Further Reading

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