Pasadena Private Wealth LLC Buys Shares of 24,278 CTO Realty Growth, Inc. $CTO

Pasadena Private Wealth LLC purchased a new position in shares of CTO Realty Growth, Inc. (NYSE:CTO) during the second quarter, Holdings Channel.com reports. The fund purchased 24,278 shares of the company’s stock, valued at approximately $522,000.

A number of other institutional investors also recently made changes to their positions in the stock. Buckland Partners Management Co LLC bought a new position in shares of CTO Realty Growth in the second quarter valued at approximately $516,000. BlackRock Inc. bought a new stake in CTO Realty Growth during the second quarter worth approximately $77,576,000. Deutsche Bank AG acquired a new stake in CTO Realty Growth in the second quarter worth approximately $696,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in CTO Realty Growth in the second quarter worth approximately $570,000. Finally, Bank of New York Mellon Corp acquired a new stake in CTO Realty Growth in the second quarter worth approximately $3,691,000. 67.18% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CTO has been the topic of several research analyst reports. Raymond James Financial reiterated 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. Cantor Fitzgerald upped their price objective on CTO Realty Growth from $23.00 to $25.00 and gave the company an “overweight” rating in a report on Monday, August 3rd. JonesTrading raised their target price on CTO Realty Growth from $23.00 to $24.00 and gave the company a “buy” rating in a research note on Wednesday, July 29th. Huntington began coverage on CTO Realty Growth in a report on Tuesday, August 11th. They set an “outperform” rating and a $24.00 target price on the stock. Finally, Weiss Ratings upgraded shares of CTO Realty Growth from a “hold (c+)” rating to a “buy (b)” rating in a research report on Friday, August 7th. Two research analysts have rated the stock with a Strong Buy rating and five have assigned a Buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $24.50.

CTO Realty Growth Trading Up 0.6%

CTO Realty Growth stock opened at $22.00 on Thursday. 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 quick ratio of 8.69 and a current ratio of 8.69. The firm has a market capitalization of $824.74 million, a price-to-earnings ratio of 16.18 and a beta of 0.60. The company has a 50 day moving average price of $21.59 and a 200 day moving average price of $20.22.

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

CTO Realty Growth Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Thursday, September 10th will be given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 6.9%. The ex-dividend date of this dividend is Thursday, September 10th. CTO Realty Growth’s payout ratio is presently 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.