CTO Realty Growth, Inc. (NYSE:CTO) Receives $22.00 Consensus PT from Brokerages

Shares of CTO Realty Growth, Inc. (NYSE:CTO) have been given a consensus recommendation of “Moderate Buy” by the five research firms that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $22.00.

A number of equities analysts have issued reports on CTO shares. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of CTO Realty Growth in a research report on Wednesday, January 21st. Jones Trading restated a “buy” rating and issued a $21.00 price target on shares of CTO Realty Growth in a research note on Wednesday, October 29th. Finally, Zacks Research cut shares of CTO Realty Growth from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 9th.

Institutional Trading of CTO Realty Growth

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

CTO Realty Growth Stock Down 0.2%

Shares of NYSE CTO opened at $17.74 on Friday. The company has a debt-to-equity ratio of 1.08, a quick ratio of 3.96 and a current ratio of 3.96. CTO Realty Growth has a 1 year low of $15.06 and a 1 year high of $20.88. The stock’s 50-day simple moving average is $18.06 and its 200-day simple moving average is $17.15. The firm has a market cap of $574.24 million, a price-to-earnings ratio of -13.75 and a beta of 0.64.

CTO Realty Growth Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Thursday, December 11th were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Thursday, December 11th. This represents a $1.52 annualized dividend and a dividend yield of 8.6%. CTO Realty Growth’s dividend payout ratio (DPR) is presently -117.83%.

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.