CTO Realty Growth (NYSE:CTO) Now Covered by Huntington Sec

Huntington Sec started coverage on shares of CTO Realty Growth (NYSE:CTO – Free Report) in a research report report published on Tuesday morning,Zacks reports. The firm issued a strong-buy rating on the stock.

Other equities research analysts have also recently issued reports about the company. Raymond James Financial restated a “strong-buy” rating and issued a $25.00 price objective on shares of CTO Realty Growth in a research note on Monday, June 29th. Alliance Global Partners reiterated a “buy” rating on shares of CTO Realty Growth in a research report on Wednesday, July 29th. Weiss Ratings downgraded shares of CTO Realty Growth from a “buy (b-)” rating to a “hold (c)” rating in a research note on Wednesday. Zacks Research downgraded shares of CTO Realty Growth from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 31st. Finally, Huntington initiated coverage on shares of CTO Realty Growth in a report on Tuesday, August 11th. They issued an “outperform” rating and a $24.00 price objective for the company. Two research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $24.50.

Read Our Latest Research Report on CTO

CTO Realty Growth Stock Down 2.2%

CTO Realty Growth stock opened at $19.02 on Tuesday. The firm has a 50 day moving average price of $20.75 and a 200-day moving average price of $20.20. The company has a quick ratio of 8.69, a current ratio of 8.69 and a debt-to-equity ratio of 0.99. CTO Realty Growth has a twelve month low of $16.38 and a twelve month high of $22.71. The company has a market capitalization of $713.15 million, a P/E ratio of 13.99 and a beta of 0.60.

CTO Realty Growth (NYSE:CTO – Get Free Report) last released its earnings results on Tuesday, October 27th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.39). The firm had revenue of $46.91 million during the quarter, compared to analysts’ expectations of $45.21 million. CTO Realty Growth had a return on equity of 8.90% and a net margin of 32.63%. As a group, equities analysts predict that CTO Realty Growth will post 2.12 EPS for the current year.

CTO Realty Growth Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Thursday, September 10th were paid a $0.38 dividend. The ex-dividend date was Thursday, September 10th. This represents a $1.52 annualized dividend and a yield of 8.0%. CTO Realty Growth’s dividend payout ratio (DPR) is currently 111.76%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Lazard Asset Management LLC bought a new position in CTO Realty Growth in the 1st quarter valued at $1,449,000. Bank of New York Mellon Corp purchased a new position in shares of CTO Realty Growth during the 2nd quarter valued at $3,691,000. Public Employees Retirement System of Ohio purchased a new position in shares of CTO Realty Growth during the 2nd quarter valued at $1,240,000. Y Intercept Hong Kong Ltd bought a new position in shares of CTO Realty Growth in the first quarter worth $1,953,000. Finally, Odyssean LLC bought a new position in shares of CTO Realty Growth in the second quarter worth $1,082,000. Hedge funds and other institutional investors own 67.18% of the company’s stock.

Key Stories Impacting CTO Realty Growth

Here are the key news stories impacting CTO Realty Growth this week:

About CTO Realty Growth

(Get Free Report)

CTO Realty Growth, Inc is an internally managed real estate investment trust (REIT) that owns, manages and invests in income-producing commercial real estate. The company’s portfolio is focused primarily on open-air shopping centers and other retail properties, including locations anchored by grocery stores, home-improvement retailers and other necessity-based tenants.

The company also makes structured investments in commercial real estate and may pursue additional property investments in select markets.

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Analyst Recommendations for CTO Realty Growth (NYSE:CTO)

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