Miller Value Partners LLC bought a new stake in CTO Realty Growth, Inc. (NYSE:CTO – Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 539,900 shares of the company’s stock, valued at approximately $11,613,000. CTO Realty Growth makes up about 2.7% of Miller Value Partners LLC’s investment portfolio, making the stock its 14th largest position. Miller Value Partners LLC owned about 1.44% of CTO Realty Growth at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. Clearstead Advisors LLC boosted its position in CTO Realty Growth by 231.9% during the fourth quarter. Clearstead Advisors LLC now owns 1,789 shares of the company’s stock worth $33,000 after acquiring an additional 1,250 shares during the last quarter. CIBC Private Wealth Group LLC acquired a new stake in shares of CTO Realty Growth during the third quarter worth $37,000. Tower Research Capital LLC TRC grew its position in shares of CTO Realty Growth by 51.7% in the second quarter. Tower Research Capital LLC TRC now owns 3,654 shares of the company’s stock valued at $63,000 after purchasing an additional 1,245 shares during the period. Legal & General Group Plc acquired a new position in CTO Realty Growth in the second quarter valued at $70,000. Finally, Virtus Advisers LLC purchased a new position in CTO Realty Growth during the second quarter worth about $120,000. 67.18% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
CTO has been the subject of several recent analyst reports. Alliance Global Partners restated a “buy” rating on shares of CTO Realty Growth in a report on Wednesday, July 29th. Zacks Research raised shares of CTO Realty Growth from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 30th. Raymond James Financial reaffirmed a “strong-buy” rating and set a $25.00 price target on shares of CTO Realty Growth in a research report on Monday, June 29th. Weiss Ratings raised shares of CTO Realty Growth from a “hold (c+)” rating to a “buy (b)” rating in a research note on Friday, August 7th. Finally, Huntington started coverage on shares of CTO Realty Growth in a research note on Tuesday, August 11th. They set an “outperform” rating and a $24.00 price objective for the company. Two investment analysts have rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company. According to MarketBeat, CTO Realty Growth currently has an average rating of “Buy” and a consensus target price of $24.50.
CTO Realty Growth Trading Down 0.3%
NYSE CTO opened at $21.94 on Wednesday. CTO Realty Growth, Inc. has a one year low of $15.06 and a one year high of $22.71. The company’s 50 day moving average price is $21.68 and its 200 day moving average price is $20.34. 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 firm has a market capitalization of $822.53 million, a price-to-earnings ratio of 16.13 and a beta of 0.60.
CTO Realty Growth (NYSE:CTO – Get Free Report) last released its quarterly earnings data 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. CTO Realty Growth had a net margin of 32.63% and a return on equity of 8.90%. The company had revenue of $43.83 million during the quarter, compared to the consensus estimate of $42.31 million. CTO Realty Growth has set its FY 2026 guidance at 2.210-2.250 EPS. On average, sell-side analysts predict that CTO Realty Growth, Inc. will post 2.12 EPS for the current year.
CTO Realty Growth Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Thursday, September 10th will be paid a $0.38 dividend. The ex-dividend date is Thursday, September 10th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 6.9%. CTO Realty Growth’s dividend payout ratio (DPR) is 111.76%.
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.
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