CTO Realty Growth’s (CTO) Buy Rating Reiterated at JonesTrading

CTO Realty Growth (NYSE:CTO)‘s stock had its “buy” rating reissued by 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 would suggest a potential upside of 17.79% from the stock’s current price.

CTO has been the topic of several other research reports. Huntington initiated 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. Cantor Fitzgerald upped their price objective on shares of CTO Realty Growth from $23.00 to $25.00 and gave the stock an “overweight” rating in a research note on Monday, August 3rd. Zacks Research cut shares of CTO Realty Growth from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 31st. Raymond James Financial restated a “strong-buy” rating and set a $25.00 price objective on shares of CTO Realty Growth in a report on Monday, June 29th. Finally, Alliance Global Partners reaffirmed a “buy” rating on shares of CTO Realty Growth in a research report on Wednesday, July 29th. 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 stock. Based on data from MarketBeat, CTO Realty Growth presently has an average rating of “Buy” and a consensus target price of $24.50.

CTO Realty Growth Stock Down 0.6%

CTO Realty Growth stock traded down $0.11 during midday trading on Thursday, reaching $20.38. The company’s stock had a trading volume of 327,181 shares, compared to its average volume of 332,195. The company has a debt-to-equity ratio of 0.99, a current ratio of 8.69 and a quick ratio of 8.69. The stock’s 50-day simple moving average is $21.40 and its 200-day simple moving average is $20.66. 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 P/E ratio of 14.98 and a beta of 0.60.

CTO Realty Growth (NYSE:CTO) last posted its earnings results 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. The firm had revenue of $43.83 million for the quarter, compared to analyst estimates 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. On average, sell-side analysts expect that CTO Realty Growth will post 2.12 EPS for the current year.

Institutional Investors Weigh In On CTO Realty Growth

Institutional investors and hedge funds have recently modified their holdings of the company. Sequoia Financial Advisors LLC increased its position in shares of CTO Realty Growth by 112.8% during the second quarter. Sequoia Financial Advisors LLC now owns 22,139 shares of the company’s stock worth $476,000 after purchasing an additional 11,733 shares in the last quarter. Engineers Gate Manager LP raised its position in shares of CTO Realty Growth by 63.4% during the 2nd quarter. Engineers Gate Manager LP now owns 30,711 shares of the company’s stock worth $661,000 after acquiring an additional 11,911 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new position in CTO Realty Growth during the second quarter worth approximately $101,000. HighTower Advisors LLC grew its stake in shares of CTO Realty Growth by 33.1% in the 2nd quarter. HighTower Advisors LLC now owns 60,538 shares of the company’s stock valued at $1,302,000 after purchasing an additional 15,049 shares during the last quarter. Finally, Jefferies Financial Group Inc. purchased a new position in shares of CTO Realty Growth in the 2nd quarter valued at approximately $443,000. Institutional investors and hedge funds own 67.18% of the company’s stock.

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.