CTO Realty Growth (NYSE:CTO) PT Lowered to $19.00 at Jonestrading

CTO Realty Growth (NYSE:CTO) had its target price lowered by equities research analysts at Jonestrading from $21.00 to $19.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm presently has a “buy” rating on the stock. Jonestrading’s target price points to a potential upside of 10.21% from the company’s current price.

Several other research firms also recently issued reports on CTO. B. Riley reaffirmed a “buy” rating on shares of CTO Realty Growth in a research note on Friday, February 2nd. Alliance Global Partners started coverage on CTO Realty Growth in a research report on Monday, April 8th. They set a “buy” rating and a $20.00 target price on the stock. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $19.33.

CTO Realty Growth Stock Up 1.6 %

Shares of NYSE:CTO opened at $17.24 on Monday. The company has a market capitalization of $395.66 million, a price-to-earnings ratio of 31.35 and a beta of 0.74. The company has a 50 day moving average of $16.94 and a two-hundred day moving average of $16.85. CTO Realty Growth has a 52-week low of $15.63 and a 52-week high of $18.03. The company has a quick ratio of 4.74, a current ratio of 4.74 and a debt-to-equity ratio of 1.17.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. AJOVista LLC bought a new position in CTO Realty Growth during the 4th quarter valued at $63,000. SG Americas Securities LLC acquired a new position in CTO Realty Growth during the third quarter worth about $151,000. Jump Financial LLC bought a new stake in CTO Realty Growth in the fourth quarter worth about $192,000. PNC Financial Services Group Inc. lifted its holdings in CTO Realty Growth by 19.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 11,963 shares of the company’s stock valued at $207,000 after acquiring an additional 1,925 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of CTO Realty Growth by 25.7% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 12,449 shares of the company’s stock valued at $213,000 after purchasing an additional 2,543 shares in the last quarter. 67.18% of the stock is currently owned by institutional investors.

About CTO Realty Growth

CTO Realty Growth, Inc is a publicly traded real estate investment trust that owns and operates a portfolio of high-quality, retail-based properties located primarily in higher growth markets in the United States. CTO also externally manages and owns a meaningful interest in Alpine Income Property Trust, Inc (NYSE: PINE), a publicly traded net lease REIT.