CTO Realty Growth, Inc. (NYSE:CTO) Short Interest Update

CTO Realty Growth, Inc. (NYSE:CTO) was the recipient of a significant drop in short interest during the month of January. As of January 15th, there was short interest totaling 1,150,884 shares, a drop of 14.5% from the December 31st total of 1,345,535 shares. Based on an average daily trading volume, of 255,820 shares, the days-to-cover ratio is currently 4.5 days. Currently, 3.7% of the shares of the company are short sold. Currently, 3.7% of the shares of the company are short sold. Based on an average daily trading volume, of 255,820 shares, the days-to-cover ratio is currently 4.5 days.

Institutional Investors Weigh In On CTO Realty Growth

Hedge funds and other institutional investors have recently modified their holdings of the stock. Jane Street Group LLC acquired a new stake in shares of CTO Realty Growth in the 1st quarter worth approximately $1,724,000. State of Alaska Department of Revenue boosted its position in CTO Realty Growth by 6.4% during the second quarter. State of Alaska Department of Revenue now owns 14,704 shares of the company’s stock worth $253,000 after purchasing an additional 885 shares in the last quarter. LDR Capital Management LLC grew its holdings in CTO Realty Growth by 5.4% in the second quarter. LDR Capital Management LLC now owns 68,600 shares of the company’s stock valued at $1,184,000 after purchasing an additional 3,484 shares during the last quarter. Grace & White Inc. NY grew its holdings in CTO Realty Growth by 1.3% in the second quarter. Grace & White Inc. NY now owns 589,371 shares of the company’s stock valued at $10,173,000 after purchasing an additional 7,700 shares during the last quarter. Finally, Mutual of America Capital Management LLC increased its position in shares of CTO Realty Growth by 4.2% in the second quarter. Mutual of America Capital Management LLC now owns 143,346 shares of the company’s stock valued at $2,474,000 after buying an additional 5,829 shares in the last quarter. 67.18% of the stock is currently owned by institutional investors and hedge funds.

CTO Realty Growth Stock Up 0.1%

CTO Realty Growth stock opened at $17.78 on Wednesday. The stock’s 50 day moving average price is $18.06 and its 200 day moving average price is $17.15. CTO Realty Growth has a 1-year low of $15.06 and a 1-year high of $20.88. The company has a market cap of $575.60 million, a PE ratio of -13.78 and a beta of 0.64. The company has a debt-to-equity ratio of 1.08, a current ratio of 3.96 and a quick ratio of 3.96.

CTO Realty Growth Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Thursday, December 11th were given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 8.5%. The ex-dividend date was Thursday, December 11th. CTO Realty Growth’s dividend payout ratio is presently -117.83%.

Analyst Upgrades and Downgrades

Several research firms have commented on CTO. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of CTO Realty Growth in a research note on Wednesday, January 21st. Cantor Fitzgerald initiated coverage on CTO Realty Growth in a research note on Tuesday. They set an “overweight” rating and a $20.00 price target for the company. Zacks Research lowered shares of CTO Realty Growth from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 9th. Finally, Jones Trading reissued a “buy” rating and issued a $21.00 price objective on shares of CTO Realty Growth in a research note on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $21.50.

CTO Realty Growth Company Profile

CTO Realty Growth, Inc is a publicly traded real estate investment trust (REIT) that specializes in single-tenant net lease properties. The company’s primary focus is on acquiring, owning and managing retail assets leased to creditworthy operators under long-term, triple-net lease agreements. By targeting essential retail segments, CTO Realty Growth seeks to generate stable, inflation-protected income streams while maintaining a disciplined investment approach.

The REIT’s portfolio is concentrated in convenience store and fuel service locations, with additional assets in other retail categories where net lease structures prevail.