CTO Realty Growth (NYSE:CTO) Stock Keeps “Buy” Rating at JonesTrading

CTO Realty Growth (NYSE:CTO)‘s stock had its “buy” rating reaffirmed by investment analysts at JonesTrading in a note issued to investors on Thursday, Benzinga reports. They currently have a $24.00 price objective on the stock. JonesTrading’s price objective suggests a potential upside of 16.74% from the stock’s previous close.

A number of other research firms have also recently commented on CTO. Zacks Research cut CTO Realty Growth from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 31st. Alliance Global Partners reaffirmed a “buy” rating on shares of CTO Realty Growth in a research note on Wednesday, July 29th. Cantor Fitzgerald raised their price objective on CTO Realty Growth from $23.00 to $25.00 and gave the company an “overweight” rating in a research note on Monday, August 3rd. Weiss Ratings cut CTO Realty Growth from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, September 25th. Finally, Huntington started coverage on CTO Realty Growth in a research note on Tuesday, August 11th. They set an “outperform” rating and a $24.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $24.50.

CTO Realty Growth Price Performance

CTO traded up $0.21 during trading on Thursday, reaching $20.56. The stock had a trading volume of 285,167 shares, compared to its average volume of 331,946. The stock has a market cap of $770.72 million, a PE ratio of 15.12 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. CTO Realty Growth has a one year low of $15.06 and a one year high of $22.71. The business has a 50-day moving average of $21.38 and a 200-day moving average of $20.67.

CTO Realty Growth (NYSE:CTO) last released its earnings results on Tuesday, July 28th. The company reported $0.38 EPS for the quarter, beating analysts’ consensus estimates 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, equities research analysts anticipate that CTO Realty Growth will post 2.12 EPS for the current fiscal year.

Institutional Trading of CTO Realty Growth

Several large investors have recently modified their holdings of CTO. BlackRock Inc. bought a new stake in shares of CTO Realty Growth in the second quarter worth about $77,576,000. Miller Value Partners LLC bought a new stake in shares of CTO Realty Growth in the second quarter worth about $11,613,000. Man Group plc bought a new stake in shares of CTO Realty Growth in the second quarter worth about $8,160,000. Bank of New York Mellon Corp bought a new stake in shares of CTO Realty Growth in the second quarter worth about $3,691,000. Finally, Bank of America Corp DE bought a new stake in shares of CTO Realty Growth in the second quarter worth about $2,428,000. 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.