CTO Realty Growth (NYSE:CTO) Stock Rating Reaffirmed as “Buy” by JonesTrading

CTO Realty Growth (NYSE:CTO)‘s stock had its “buy” rating reissued by stock analysts at JonesTrading in a report released on Thursday, Benzinga reports. They currently have a $24.00 price objective on the stock. JonesTrading’s price objective indicates a potential upside of 17.79% from the stock’s current price.

CTO has been the topic of several other reports. Alliance Global Partners restated a “buy” rating on shares of CTO Realty Growth in a research report on Wednesday, July 29th. Cantor Fitzgerald increased their price target 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. Zacks Research cut shares of CTO Realty Growth from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 31st. Huntington began coverage on shares of CTO Realty Growth in a research report on Tuesday, August 11th. They issued an “outperform” rating and a $24.00 target price for the company. Finally, Weiss Ratings downgraded CTO Realty Growth from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, September 25th. One research 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. Based on data from MarketBeat.com, CTO Realty Growth presently has an average rating of “Buy” and an average price target of $24.50.

CTO Realty Growth Stock Performance

Shares of CTO opened at $20.38 on Thursday. CTO Realty Growth has a 52-week low of $15.06 and a 52-week high of $22.71. The stock has a market capitalization of $763.90 million, a price-to-earnings ratio of 14.98 and a beta of 0.60. 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’s 50-day simple moving average is $21.38 and its 200 day simple moving average is $20.67.

CTO Realty Growth (NYSE:CTO) last issued its quarterly earnings data on Tuesday, July 28th. The company reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.28. CTO Realty Growth had a return on equity of 8.90% and a net margin of 32.63%.The company had revenue of $43.83 million for 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. Research analysts forecast that CTO Realty Growth will post 2.12 EPS for the current fiscal year.

Institutional Trading of CTO Realty Growth

Large investors have recently modified their holdings of the business. Kennedy Capital Management LLC grew its position in CTO Realty Growth by 0.3% in the 4th quarter. Kennedy Capital Management LLC now owns 326,556 shares of the company’s stock worth $6,012,000 after purchasing an additional 1,069 shares during the period. Clearstead Advisors LLC lifted its holdings in shares of CTO Realty Growth by 231.9% during the 4th quarter. Clearstead Advisors LLC now owns 1,789 shares of the company’s stock valued at $33,000 after buying an additional 1,250 shares during the period. Renaissance Technologies LLC boosted its stake in shares of CTO Realty Growth by 0.9% in the 1st quarter. Renaissance Technologies LLC now owns 212,300 shares of the company’s stock worth $3,925,000 after buying an additional 1,799 shares during the last quarter. Legal & General Group Plc purchased a new position in shares of CTO Realty Growth in the 2nd quarter worth $70,000. Finally, Integrated Wealth Concepts LLC bought a new stake in shares of CTO Realty Growth in the second quarter worth $101,000. 67.18% of the stock is owned by institutional investors.

About CTO Realty Growth

CTO Realty Growth, Inc (NYSE:CTO) is a self-managed real estate investment trust that owns and operates a portfolio of income-producing commercial properties in the United States. The company primarily focuses on retail and mixed-use properties, including open-air shopping centers and other assets leased to national, regional and local tenants.

CTO Realty Growth generally targets properties in high-growth markets with favorable demographic characteristics. Its portfolio is designed to provide exposure to necessity-based and service-oriented retail, along with selected commercial real estate investments.