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

CTO Realty Growth (NYSE:CTO)‘s stock had its “buy” rating restated by equities research 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 target points to a potential upside of 17.37% from the stock’s current price.

Several other research analysts have also weighed in on CTO. Alliance Global Partners reiterated a “buy” rating on shares of CTO Realty Growth in a report on Wednesday, July 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 research note on Monday, August 3rd. Huntington assumed coverage on CTO Realty Growth in a research report on Tuesday, August 11th. They set an “outperform” rating and a $24.00 price target on the stock. Weiss Ratings lowered CTO Realty Growth from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, September 25th. Finally, Raymond James Financial reaffirmed a “strong-buy” rating and set a $25.00 target price on shares of CTO Realty Growth in a report on Monday, June 29th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, CTO Realty Growth currently has an average rating of “Buy” and an average price target of $24.50.

CTO Realty Growth Stock Up 0.8%

Shares of CTO Realty Growth stock traded up $0.16 during trading hours on Thursday, hitting $20.45. The company had a trading volume of 17,835 shares, compared to its average volume of 330,084. The company has a market cap of $766.63 million, a P/E ratio of 14.98 and a beta of 0.60. The company has a debt-to-equity ratio of 0.99, a current ratio of 8.69 and a quick ratio of 8.69. CTO Realty Growth has a twelve month low of $15.06 and a twelve month high of $22.71. The company’s 50-day moving average is $21.31 and its two-hundred day moving average is $20.69.

CTO Realty Growth (NYSE:CTO) last issued its quarterly earnings data on Tuesday, July 28th. The company reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.28. The company had revenue of $43.83 million during 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. Analysts anticipate that CTO Realty Growth will post 2.12 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Clearstead Advisors LLC raised its holdings 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 buying an additional 1,250 shares during the last quarter. Legal & General Group Plc purchased a new position in CTO Realty Growth during the second quarter worth about $70,000. Integrated Wealth Concepts LLC purchased a new stake in CTO Realty Growth in the 2nd quarter valued at about $101,000. Virtus Advisers LLC purchased a new position in shares of CTO Realty Growth in the 2nd quarter worth approximately $120,000. Finally, Globeflex Capital L P bought a new position in shares of CTO Realty Growth in the second quarter valued at approximately $212,000. Institutional investors and hedge funds own 67.18% of the company’s stock.

About CTO Realty Growth

CTO Realty Growth, Inc is a self-managed real estate investment trust (REIT) that owns, manages and develops income-producing commercial real estate. The company’s portfolio is primarily composed of open-air, necessity-based retail properties and other mixed-use assets leased to national, regional and local tenants.

CTO Realty Growth focuses on properties located in attractive markets with favorable demographic and economic characteristics. Its retail centers generally serve everyday consumer needs and may be anchored by grocery stores, home improvement retailers, discount stores or other high-traffic businesses.