CTO Realty Growth (NYSE:CTO) Shares Gap Up – What’s Next?

CTO Realty Growth, Inc. (NYSE:CTO)’s share price gapped up before the market opened on Friday . The stock had previously closed at $21.52, but opened at $22.36. CTO Realty Growth shares last traded at $22.4670, with a volume of 15,695 shares traded.

Analyst Ratings Changes

Several analysts have recently issued reports on CTO shares. Weiss Ratings upgraded CTO Realty Growth from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, April 29th. Zacks Research raised CTO Realty Growth from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 30th. JonesTrading upped their price target on CTO Realty Growth from $21.00 to $23.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Alliance Global Partners reaffirmed a “buy” rating on shares of CTO Realty Growth in a research report on Wednesday, April 29th. Finally, Cantor Fitzgerald lifted their price objective on CTO Realty Growth from $22.00 to $23.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Two analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $23.67.

CTO Realty Growth Trading Down 0.6%

The stock has a market capitalization of $750.93 million, a PE ratio of 105.86 and a beta of 0.60. The company has a quick ratio of 3.95, a current ratio of 3.95 and a debt-to-equity ratio of 1.13. The business’s 50-day moving average is $20.88 and its two-hundred day moving average is $19.60.

CTO Realty Growth (NYSE:CTO) last issued its quarterly earnings data on Tuesday, April 28th. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.11. CTO Realty Growth had a return on equity of 2.47% and a net margin of 9.06%.The company had revenue of $41.17 million for the quarter, compared to analyst estimates of $38.89 million. CTO Realty Growth has set its FY 2026 guidance at 2.190-2.240 EPS. On average, analysts anticipate that CTO Realty Growth, Inc. will post 2.1 earnings per share for the current fiscal year.

CTO Realty Growth Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 11th were paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 6.8%. The ex-dividend date was Thursday, June 11th. CTO Realty Growth’s dividend payout ratio (DPR) is currently 723.81%.

Institutional Investors Weigh In On CTO Realty Growth

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. State of Alaska Department of Revenue grew its holdings in shares of CTO Realty Growth by 3.5% during the fourth quarter. State of Alaska Department of Revenue now owns 16,953 shares of the company’s stock worth $311,000 after buying an additional 575 shares during the last quarter. Somerset Trust Co increased its position in CTO Realty Growth by 8.6% in the 4th quarter. Somerset Trust Co now owns 11,600 shares of the company’s stock valued at $214,000 after acquiring an additional 922 shares during the period. Intech Investment Management LLC raised its stake in CTO Realty Growth by 8.8% during the 4th quarter. Intech Investment Management LLC now owns 11,902 shares of the company’s stock valued at $219,000 after acquiring an additional 958 shares during the last quarter. Sei Investments Co. raised its stake in CTO Realty Growth by 8.3% during the 3rd quarter. Sei Investments Co. now owns 13,436 shares of the company’s stock valued at $219,000 after acquiring an additional 1,032 shares during the last quarter. Finally, Kennedy Capital Management LLC lifted its position in CTO Realty Growth by 0.3% during the 4th quarter. Kennedy Capital Management LLC now owns 326,556 shares of the company’s stock worth $6,012,000 after acquiring an additional 1,069 shares during the period. Hedge funds and other institutional investors own 67.18% of the company’s stock.

About CTO Realty Growth

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.