Ieq Capital LLC acquired a new position in CTO Realty Growth, Inc. (NYSE:CTO – Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 34,834 shares of the company’s stock, valued at approximately $749,000. Ieq Capital LLC owned 0.09% of CTO Realty Growth at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of the company. Clearstead Advisors LLC raised its stake in shares of CTO Realty Growth by 231.9% in the fourth quarter. Clearstead Advisors LLC now owns 1,789 shares of the company’s stock valued at $33,000 after purchasing an additional 1,250 shares in the last quarter. CIBC Private Wealth Group LLC acquired a new stake in CTO Realty Growth during the third quarter worth $37,000. Tower Research Capital LLC TRC increased its holdings in CTO Realty Growth by 51.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,654 shares of the company’s stock valued at $63,000 after buying an additional 1,245 shares during the period. Virtus Advisers LLC bought a new stake in CTO Realty Growth in the 2nd quarter valued at $120,000. Finally, PNC Financial Services Group Inc. raised its stake in shares of CTO Realty Growth by 127.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 7,080 shares of the company’s stock valued at $130,000 after buying an additional 3,974 shares in the last quarter. Institutional investors and hedge funds own 67.18% of the company’s stock.
CTO Realty Growth Stock Performance
CTO Realty Growth stock opened at $21.46 on Friday. The firm has a market capitalization of $804.65 million, a P/E ratio of 15.78 and a beta of 0.60. The stock has a fifty day moving average price of $21.72 and a two-hundred day moving average price of $20.38. CTO Realty Growth, Inc. has a 52-week low of $15.06 and a 52-week high of $22.71. The company has a debt-to-equity ratio of 0.99, a current ratio of 8.69 and a quick ratio of 8.69.
CTO Realty Growth Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Thursday, September 10th will be given a $0.38 dividend. The ex-dividend date is Thursday, September 10th. This represents a $1.52 dividend on an annualized basis and a yield of 7.1%. CTO Realty Growth’s payout ratio is 111.76%.
Analyst Ratings Changes
A number of equities analysts have recently commented on the stock. Cantor Fitzgerald raised their price objective on shares of CTO Realty Growth from $23.00 to $25.00 and gave the stock an “overweight” rating in a report on Monday, August 3rd. Weiss Ratings raised shares of CTO Realty Growth from a “hold (c+)” rating to a “buy (b)” rating in a research report on Friday, August 7th. JonesTrading increased their price target on shares of CTO Realty Growth from $23.00 to $24.00 and gave the stock a “buy” rating in a research report on Wednesday, July 29th. Zacks Research upgraded shares of CTO Realty Growth from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 30th. Finally, Raymond James Financial reaffirmed a “strong-buy” rating and set a $25.00 price objective on shares of CTO Realty Growth in a report on Monday, June 29th. Two investment analysts have rated the stock with a Strong Buy rating and five have assigned a Buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $24.50.
Get Our Latest Stock Analysis on CTO Realty Growth
CTO Realty Growth 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.
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