Jones Trading Lowers CTO Realty Growth (NYSE:CTO) Price Target to $21.00

CTO Realty Growth (NYSE:CTO) had its price target reduced by equities researchers at Jones Trading from $22.00 to $21.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Jones Trading’s price objective would indicate a potential upside of 27.40% from the stock’s current price.

Other research analysts have also issued reports about the stock. Raymond James Financial restated a “strong-buy” rating on shares of CTO Realty Growth in a report on Friday, May 23rd. Wall Street Zen downgraded shares of CTO Realty Growth from a “hold” rating to a “sell” rating in a research report on Tuesday, May 13th.

CTO Realty Growth Stock Up 0.8%

Shares of NYSE CTO opened at $16.48 on Wednesday. The company has a current ratio of 4.94, a quick ratio of 5.54 and a debt-to-equity ratio of 1.05. CTO Realty Growth has a 12 month low of $16.12 and a 12 month high of $21.15. The firm has a market capitalization of $542.95 million, a PE ratio of -14.33 and a beta of 0.73. The firm has a fifty day simple moving average of $17.79 and a two-hundred day simple moving average of $18.48.

Insider Transactions at CTO Realty Growth

In other CTO Realty Growth news, CEO John P. Albright bought 3,800 shares of CTO Realty Growth stock in a transaction dated Thursday, June 26th. The shares were purchased at an average cost of $17.05 per share, with a total value of $64,790.00. Following the transaction, the chief executive officer directly owned 628,347 shares of the company’s stock, valued at $10,713,316.35. This represents a 0.61% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director George R. Brokaw acquired 2,000 shares of the business’s stock in a transaction that occurred on Thursday, June 26th. The shares were purchased at an average cost of $16.94 per share, for a total transaction of $33,880.00. Following the completion of the transaction, the director directly owned 91,701 shares in the company, valued at $1,553,414.94. The trade was a 2.23% increase in their position. The disclosure for this purchase can be found here. Insiders bought a total of 7,800 shares of company stock worth $132,960 over the last ninety days. Insiders own 4.00% of the company’s stock.

Institutional Trading of CTO Realty Growth

Institutional investors have recently bought and sold shares of the company. New York State Teachers Retirement System purchased a new stake in CTO Realty Growth during the 1st quarter valued at about $51,000. Summit Investment Advisors Inc. grew its position in CTO Realty Growth by 39.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 3,020 shares of the company’s stock valued at $60,000 after purchasing an additional 852 shares during the last quarter. NewEdge Advisors LLC grew its position in CTO Realty Growth by 300.0% during the 4th quarter. NewEdge Advisors LLC now owns 4,000 shares of the company’s stock valued at $79,000 after purchasing an additional 3,000 shares during the last quarter. Lazard Asset Management LLC purchased a new stake in CTO Realty Growth during the 4th quarter valued at about $179,000. Finally, Cambridge Investment Research Advisors Inc. purchased a new stake in CTO Realty Growth during the 1st quarter valued at about $199,000. 67.18% of the stock is owned by hedge funds and other 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.