CTO Realty Growth, Inc. (NYSE:CTO) Receives $22.00 Average Target Price from Analysts

CTO Realty Growth, Inc. (NYSE:CTO) has been given an average recommendation of “Moderate Buy” by the five analysts that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation, two have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $22.00.

CTO has been the subject of a number of recent research reports. Weiss Ratings restated a “sell (d+)” rating on shares of CTO Realty Growth in a research note on Wednesday, October 8th. Jones Trading reissued a “buy” rating and issued a $21.00 price objective on shares of CTO Realty Growth in a research note on Wednesday, October 29th. Finally, Zacks Research cut shares of CTO Realty Growth from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 9th.

Institutional Trading of CTO Realty Growth

A number of institutional investors and hedge funds have recently modified their holdings of CTO. Cutler Capital Management LLC increased its position in shares of CTO Realty Growth by 234.6% in the 2nd quarter. Cutler Capital Management LLC now owns 642,054 shares of the company’s stock valued at $11,082,000 after buying an additional 450,162 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of CTO Realty Growth by 1,861.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 320,899 shares of the company’s stock valued at $6,197,000 after buying an additional 304,536 shares during the last quarter. SummitTX Capital L.P. acquired a new stake in CTO Realty Growth in the third quarter valued at $3,016,000. Crossingbridge Advisors LLC lifted its stake in CTO Realty Growth by 154.4% in the 3rd quarter. Crossingbridge Advisors LLC now owns 268,079 shares of the company’s stock valued at $4,273,000 after purchasing an additional 162,689 shares during the last quarter. Finally, Strs Ohio bought a new position in shares of CTO Realty Growth during the 1st quarter worth approximately $2,860,000. 67.18% of the stock is owned by institutional investors.

CTO Realty Growth Stock Performance

NYSE:CTO opened at $18.49 on Tuesday. The company has a current ratio of 3.96, a quick ratio of 3.96 and a debt-to-equity ratio of 1.08. The firm’s fifty day simple moving average is $17.81 and its 200 day simple moving average is $17.09. The firm has a market capitalization of $598.52 million, a PE ratio of -14.33 and a beta of 0.64. CTO Realty Growth has a 1 year low of $15.06 and a 1 year high of $20.88.

CTO Realty Growth (NYSE:CTO) last issued its quarterly earnings results on Tuesday, October 28th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.46). The business had revenue of $34.62 million during the quarter, compared to the consensus estimate of $37.83 million. CTO Realty Growth had a negative return on equity of 5.72% and a negative net margin of 22.77%.CTO Realty Growth has set its FY 2025 guidance at 1.840-1.87 EPS. On average, sell-side analysts anticipate that CTO Realty Growth will post 1.92 EPS for the current year.

CTO Realty Growth Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Thursday, December 11th were given a dividend of $0.38 per share. The ex-dividend date was Thursday, December 11th. This represents a $1.52 annualized dividend and a dividend yield of 8.2%. CTO Realty Growth’s payout ratio is currently -117.83%.

CTO Realty Growth announced that its board has authorized a share buyback program on Wednesday, September 24th that allows the company to buyback $10.00 million in shares. This buyback authorization allows the company to purchase up to 1.9% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.

About CTO Realty Growth

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.