CTO Realty Growth (NYSE:CTO) Earns Buy Rating from JonesTrading

CTO Realty Growth (NYSE:CTO)‘s stock had its “buy” rating reaffirmed by investment 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 17.97% from the company’s current price.

Several other research analysts have also recently commented on the stock. Raymond James Financial restated a “strong-buy” rating and issued a $25.00 target price on shares of CTO Realty Growth in a research report on Monday, June 29th. Weiss Ratings cut shares of CTO Realty Growth from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, September 25th. Zacks Research lowered shares of CTO Realty Growth from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 31st. Huntington began coverage on shares of CTO Realty Growth in a report on Tuesday, August 11th. They set an “outperform” rating and a $24.00 price target for the company. Finally, Alliance Global Partners reissued a “buy” rating on shares of CTO Realty Growth in a 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 given a Hold rating to the company. Based on data from MarketBeat.com, CTO Realty Growth currently has an average rating of “Buy” and a consensus price target of $24.50.

CTO Realty Growth Stock Performance

Shares of CTO traded down $0.15 during mid-day trading on Thursday, hitting $20.35. 136,793 shares of the company’s stock were exchanged, compared to its average volume of 331,117. CTO Realty Growth has a fifty-two week low of $15.06 and a fifty-two week high of $22.71. The business’s 50 day moving average is $21.40 and its two-hundred day moving average is $20.66. The firm has a market capitalization of $762.73 million, a P/E ratio of 14.96 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 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.28. The business had revenue of $43.83 million for the quarter, compared to analyst estimates of $42.31 million. CTO Realty Growth had a net margin of 32.63% and a return on equity of 8.90%. CTO Realty Growth has set its FY 2026 guidance at 2.210-2.250 EPS. On average, equities analysts expect that CTO Realty Growth will post 2.12 earnings per share for the current year.

Institutional Trading of CTO Realty Growth

Several hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. purchased a new position in shares of CTO Realty Growth during the 2nd quarter valued at about $77,576,000. Miller Value Partners LLC purchased a new position in shares of CTO Realty Growth during the second quarter valued at $11,613,000. Dimensional Fund Advisors LP increased its holdings in CTO Realty Growth by 6.0% during the first quarter. Dimensional Fund Advisors LP now owns 443,746 shares of the company’s stock valued at $8,205,000 after buying an additional 24,989 shares during the period. Man Group plc purchased a new position in shares of CTO Realty Growth in the 2nd quarter valued at $8,160,000. Finally, Kennedy Capital Management LLC raised its stake in 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 buying an additional 1,069 shares during the last quarter. Hedge funds and other institutional investors own 67.18% of the company’s stock.

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.