CTO Realty Growth (NYSE:CTO) Given Buy Rating at JonesTrading

CTO Realty Growth (NYSE:CTO)‘s stock had its “buy” rating reiterated by equities research analysts at JonesTrading in a research note issued on Thursday, Benzinga reports. They presently 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 analysts have also weighed in on the stock. Huntington started coverage on shares of CTO Realty Growth in a research note on Tuesday, August 11th. They issued an “outperform” rating and a $24.00 price objective on the stock. Zacks Research lowered shares of CTO Realty Growth from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 31st. Weiss Ratings lowered shares of CTO Realty Growth from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, September 25th. Cantor Fitzgerald raised their price target on shares of CTO Realty Growth from $23.00 to $25.00 and gave the company an “overweight” rating in a research report on Monday, August 3rd. Finally, Alliance Global Partners restated a “buy” rating on shares of CTO Realty Growth in a research report on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $24.50.

CTO Realty Growth Stock Up 1.0%

Shares of CTO traded up $0.21 during mid-day trading on Thursday, hitting $20.56. The company’s stock had a trading volume of 285,167 shares, compared to its average volume of 331,946. The company’s 50-day moving average is $21.38 and its 200-day moving average is $20.67. CTO Realty Growth has a 52-week low of $15.06 and a 52-week high of $22.71. The firm has a market capitalization of $770.72 million, a price-to-earnings ratio of 15.12 and a beta of 0.60. The company has a current ratio of 8.69, a quick ratio of 8.69 and a debt-to-equity ratio of 0.99.

CTO Realty Growth (NYSE:CTO) last posted 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. CTO Realty Growth had a net margin of 32.63% and a return on equity of 8.90%. The company had revenue of $43.83 million during the quarter, compared to analysts’ expectations of $42.31 million. CTO Realty Growth has set its FY 2026 guidance at 2.210-2.250 EPS. On average, equities research analysts forecast that CTO Realty Growth will post 2.12 EPS for the current fiscal year.

Hedge Funds Weigh In On CTO Realty Growth

A number of institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. purchased a new position in CTO Realty Growth during the second quarter worth about $77,576,000. Miller Value Partners LLC purchased a new stake in shares of CTO Realty Growth in the 2nd quarter valued at approximately $11,613,000. Dimensional Fund Advisors LP raised its stake in shares of CTO Realty Growth by 6.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 443,746 shares of the company’s stock valued at $8,205,000 after acquiring an additional 24,989 shares during the period. Man Group plc purchased a new stake in shares of CTO Realty Growth in the 2nd quarter valued at approximately $8,160,000. Finally, Kennedy Capital Management LLC grew its holdings in shares of CTO Realty Growth by 0.3% in the fourth quarter. Kennedy Capital Management LLC now owns 326,556 shares of the company’s stock valued at $6,012,000 after purchasing an additional 1,069 shares in the last quarter. 67.18% of the stock is currently owned by institutional investors and hedge funds.

CTO Realty Growth Company Profile

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.