CTO Realty Growth’s (CTO) “Buy” Rating Reiterated at JonesTrading

JonesTrading restated their buy rating on shares of CTO Realty Growth (NYSE:CTO – Free Report) in a report released on Thursday,Benzinga reports. They currently have a $24.00 price target on the stock.

A number of other equities analysts also recently issued reports on CTO. Alliance Global Partners reissued a “buy” rating on shares of CTO Realty Growth in a report on Wednesday, July 29th. Cantor Fitzgerald upped their target price on shares of CTO Realty Growth from $23.00 to $25.00 and gave the company an “overweight” rating in a report on Monday, August 3rd. Raymond James Financial reiterated a “strong-buy” rating and issued a $25.00 price target on shares of CTO Realty Growth in a research report on Monday, June 29th. Zacks Research cut shares of CTO Realty Growth from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 31st. Finally, Weiss Ratings downgraded shares of CTO Realty Growth from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, September 25th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $24.50.

View Our Latest Research Report on CTO Realty Growth

CTO Realty Growth Stock Up 1.0%

CTO Realty Growth stock opened at $20.56 on Thursday. CTO Realty Growth has a one year low of $15.06 and a one year high of $22.71. The stock has a fifty day moving average of $21.35 and a 200 day moving average of $20.67. The company has a debt-to-equity ratio of 0.99, a quick ratio of 8.69 and a current ratio of 8.69. The stock has a market cap of $770.72 million, a PE ratio of 15.12 and a beta of 0.60.

CTO Realty Growth (NYSE:CTO – Get Free Report) last announced its earnings results on Tuesday, July 28th. The company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.28. The business had revenue of $43.83 million for the quarter, compared to analysts’ expectations of $42.31 million. CTO Realty Growth had a return on equity of 8.90% and a net margin of 32.63%.CTO Realty Growth has set its FY 2026 guidance at 2.210-2.250 EPS. As a group, sell-side analysts predict that CTO Realty Growth will post 2.12 EPS for the current year.

CTO Realty Growth Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Thursday, September 10th were issued a dividend of $0.38 per share. The ex-dividend date of this dividend was Thursday, September 10th. This represents a $1.52 annualized dividend and a yield of 7.4%. CTO Realty Growth’s payout ratio is currently 111.76%.

Hedge Funds Weigh In On CTO Realty Growth

Hedge funds have recently modified their holdings of the company. Sequoia Financial Advisors LLC raised its position in shares of CTO Realty Growth by 112.8% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 22,139 shares of the company’s stock valued at $476,000 after purchasing an additional 11,733 shares during the period. Engineers Gate Manager LP lifted its stake in shares of CTO Realty Growth by 63.4% during the 2nd quarter. Engineers Gate Manager LP now owns 30,711 shares of the company’s stock valued at $661,000 after buying an additional 11,911 shares in the last quarter. Integrated Wealth Concepts LLC bought a new position in CTO Realty Growth in the 2nd quarter worth $101,000. HighTower Advisors LLC boosted its holdings in CTO Realty Growth by 33.1% in the 2nd quarter. HighTower Advisors LLC now owns 60,538 shares of the company’s stock worth $1,302,000 after buying an additional 15,049 shares during the period. Finally, Jefferies Financial Group Inc. bought a new position in CTO Realty Growth in the 2nd quarter worth $443,000. 67.18% of the stock is currently owned by institutional investors.

CTO Realty Growth Company Profile

(Get Free Report)

CTO Realty Growth, Inc is a self-managed real estate investment trust (REIT) that owns, manages and develops income-producing commercial real estate. The company’s portfolio is primarily composed of open-air, necessity-based retail properties and other mixed-use assets leased to national, regional and local tenants.

CTO Realty Growth focuses on properties located in attractive markets with favorable demographic and economic characteristics. Its retail centers generally serve everyday consumer needs and may be anchored by grocery stores, home improvement retailers, discount stores or other high-traffic businesses.

Further Reading

Analyst Recommendations for CTO Realty Growth (NYSE:CTO)

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