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

CTO Realty Growth (NYSE:CTO)‘s stock had its “buy” rating reissued by equities research analysts at JonesTrading in a report released on Thursday, Benzinga reports. They currently have a $24.00 target price on the stock. JonesTrading’s price objective indicates a potential upside of 17.95% from the company’s previous close.

Several other research firms have also commented on CTO. Huntington started coverage on CTO Realty Growth in a research report on Tuesday, August 11th. They set an “outperform” rating and a $24.00 price target for the company. Alliance Global Partners restated a “buy” rating on shares of CTO Realty Growth in a research note on Wednesday, July 29th. Cantor Fitzgerald lifted their price target 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. Weiss Ratings downgraded shares of CTO Realty Growth from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, September 25th. Finally, Zacks Research cut CTO Realty Growth from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 31st. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $24.50.

CTO Realty Growth Price Performance

NYSE:CTO traded down $0.14 during trading hours on Thursday, hitting $20.35. 82,926 shares of the stock were exchanged, compared to its average volume of 330,856. The company has a market cap of $762.81 million, a P/E ratio of 14.96 and a beta of 0.60. The firm’s fifty day moving average price is $21.40 and its 200 day moving average price is $20.66. CTO Realty Growth has a 52-week low of $15.06 and a 52-week high of $22.71. 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 quarterly earnings data on Tuesday, July 28th. The company reported $0.38 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $43.83 million during 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. 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

Institutional investors have recently bought and sold shares of the company. Sequoia Financial Advisors LLC increased its stake in shares of CTO Realty Growth by 112.8% during the 2nd 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 grew its position in shares of CTO Realty Growth by 63.4% in the second quarter. Engineers Gate Manager LP now owns 30,711 shares of the company’s stock valued at $661,000 after purchasing an additional 11,911 shares during the period. Integrated Wealth Concepts LLC acquired a new position in CTO Realty Growth in the second quarter valued at $101,000. HighTower Advisors LLC increased its stake in CTO Realty Growth by 33.1% in the second 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 stake in CTO Realty Growth in the 2nd quarter valued at about $443,000. 67.18% of the stock is currently owned by hedge funds and other institutional investors.

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.