CTO Realty Growth, Inc. (NYSE:CTO) Short Interest Down 14.3% in January

CTO Realty Growth, Inc. (NYSE:CTO) was the target of a large drop in short interest in the month of January. As of January 30th, there was short interest totaling 986,033 shares, a drop of 14.3% from the January 15th total of 1,150,884 shares. Currently, 3.2% of the company’s stock are short sold. Based on an average daily trading volume, of 238,324 shares, the days-to-cover ratio is presently 4.1 days. Based on an average daily trading volume, of 238,324 shares, the days-to-cover ratio is presently 4.1 days. Currently, 3.2% of the company’s stock are short sold.

Hedge Funds Weigh In On CTO Realty Growth

A number of hedge funds and other institutional investors have recently bought and sold shares of CTO. Geode Capital Management LLC boosted its holdings in CTO Realty Growth by 5.6% in the 2nd quarter. Geode Capital Management LLC now owns 769,177 shares of the company’s stock valued at $13,278,000 after purchasing an additional 40,694 shares in the last quarter. Ingalls & Snyder LLC boosted its stake in shares of CTO Realty Growth by 5.6% in the second quarter. Ingalls & Snyder LLC now owns 394,312 shares of the company’s stock valued at $6,806,000 after buying an additional 20,774 shares in the last quarter. Los Angeles Capital Management LLC grew its holdings in CTO Realty Growth by 72.9% during the second quarter. Los Angeles Capital Management LLC now owns 150,590 shares of the company’s stock worth $2,599,000 after acquiring an additional 63,481 shares during the period. Crossingbridge Advisors LLC raised its position in CTO Realty Growth by 163.5% in the second quarter. Crossingbridge Advisors LLC now owns 105,390 shares of the company’s stock worth $1,680,000 after acquiring an additional 65,390 shares in the last quarter. Finally, Cutler Capital Management LLC raised its position in CTO Realty Growth by 234.6% in the second quarter. Cutler Capital Management LLC now owns 642,054 shares of the company’s stock worth $11,082,000 after acquiring an additional 450,162 shares in the last quarter. 67.18% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Zacks Research downgraded shares of CTO Realty Growth from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 9th. Cantor Fitzgerald raised CTO Realty Growth to a “strong-buy” rating in a report on Wednesday, February 4th. Weiss Ratings upgraded CTO Realty Growth from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, February 4th. Finally, JonesTrading reiterated a “buy” rating and issued a $21.00 price target on shares of CTO Realty Growth in a research note on Wednesday, October 29th. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $21.50.

CTO Realty Growth Stock Performance

NYSE CTO traded up $0.22 during trading on Tuesday, reaching $19.15. The company’s stock had a trading volume of 237,837 shares, compared to its average volume of 249,366. The business’s fifty day moving average price is $18.16 and its 200-day moving average price is $17.23. CTO Realty Growth has a twelve month low of $15.06 and a twelve month high of $20.53. The company has a debt-to-equity ratio of 1.08, a quick ratio of 3.96 and a current ratio of 3.96. The firm has a market cap of $619.89 million, a price-to-earnings ratio of -14.84 and a beta of 0.64.

CTO Realty Growth Company Profile

CTO Realty Growth, Inc is a publicly traded real estate investment trust (REIT) that specializes in single-tenant net lease properties. The company’s primary focus is on acquiring, owning and managing retail assets leased to creditworthy operators under long-term, triple-net lease agreements. By targeting essential retail segments, CTO Realty Growth seeks to generate stable, inflation-protected income streams while maintaining a disciplined investment approach.

The REIT’s portfolio is concentrated in convenience store and fuel service locations, with additional assets in other retail categories where net lease structures prevail.