CTO Realty Growth, Inc. (NYSE:CTO) Receives Average Recommendation of “Buy” from Brokerages

Shares of CTO Realty Growth, Inc. (NYSE:CTO – Get Free Report) have received a consensus recommendation of “Buy” from the six research firms that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation, three have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $23.6667.

CTO has been the topic of a number of research reports. Weiss Ratings upgraded CTO Realty Growth from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, April 29th. Alliance Global Partners reiterated a “buy” rating on shares of CTO Realty Growth in a research report on Wednesday, April 29th. Cantor Fitzgerald increased their target price on CTO Realty Growth from $22.00 to $23.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Raymond James Financial reissued a “strong-buy” rating and issued a $25.00 target price on shares of CTO Realty Growth in a research report on Monday, June 29th. Finally, JonesTrading boosted their price target on CTO Realty Growth from $21.00 to $23.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th.

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Institutional Trading of CTO Realty Growth

Large investors have recently added to or reduced their stakes in the business. Jane Street Group LLC purchased a new position in shares of CTO Realty Growth during the 1st quarter worth $1,724,000. JPMorgan Chase & Co. increased its stake in shares of CTO Realty Growth by 64.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 163,158 shares of the company’s stock worth $2,816,000 after purchasing an additional 63,926 shares in the last quarter. Rhumbline Advisers increased its stake in shares of CTO Realty Growth by 10.2% in the 2nd quarter. Rhumbline Advisers now owns 55,816 shares of the company’s stock worth $963,000 after purchasing an additional 5,167 shares in the last quarter. Invesco Ltd. raised its holdings in CTO Realty Growth by 3.4% in the 2nd quarter. Invesco Ltd. now owns 522,721 shares of the company’s stock worth $9,022,000 after purchasing an additional 17,334 shares during the period. Finally, Brown Advisory Inc. bought a new position in CTO Realty Growth in the 2nd quarter worth $357,000. 67.18% of the stock is currently owned by institutional investors.

CTO Realty Growth Stock Down 1.7%

Shares of CTO Realty Growth stock opened at $21.80 on Friday. The company has a market cap of $736.27 million, a price-to-earnings ratio of 103.80 and a beta of 0.60. The company’s 50 day moving average is $21.05 and its 200 day moving average is $19.72. CTO Realty Growth has a twelve month low of $15.06 and a twelve month high of $22.66. The company has a quick ratio of 3.95, a current ratio of 3.95 and a debt-to-equity ratio of 1.13.

CTO Realty Growth (NYSE:CTO – Get Free Report) last posted its earnings results on Tuesday, April 28th. The company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.11. The business had revenue of $41.17 million during the quarter, compared to the consensus estimate of $38.89 million. CTO Realty Growth had a net margin of 9.06% and a return on equity of 2.47%. CTO Realty Growth has set its FY 2026 guidance at 2.190-2.240 EPS. Research analysts anticipate that CTO Realty Growth will post 2.1 EPS for the current year.

CTO Realty Growth Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 11th were issued a $0.38 dividend. The ex-dividend date of this dividend was Thursday, June 11th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 7.0%. CTO Realty Growth’s dividend payout ratio (DPR) is presently 723.81%.

CTO Realty Growth Company Profile

(Get Free Report)

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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