CTO Realty Growth, Inc. (NYSE:CTO) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of CTO Realty Growth, Inc. (NYSE:CTO) have received a consensus rating of “Moderate Buy” from the five brokerages that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $22.00.

CTO has been the topic of a number of recent analyst reports. Weiss Ratings reiterated a “sell (d+)” rating on shares of CTO Realty Growth in a research report on Wednesday, January 21st. Zacks Research downgraded shares of CTO Realty Growth from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 9th. Finally, Jones Trading reissued a “buy” rating and set a $21.00 target price on shares of CTO Realty Growth in a research note on Wednesday, October 29th.

CTO Realty Growth Price Performance

NYSE:CTO opened at $17.74 on Friday. The company has a quick ratio of 3.96, a current ratio of 3.96 and a debt-to-equity ratio of 1.08. CTO Realty Growth has a 52 week low of $15.06 and a 52 week high of $20.88. The stock’s 50-day moving average price is $18.06 and its 200-day moving average price is $17.15. The stock has a market capitalization of $574.28 million, a PE ratio of -13.75 and a beta of 0.64.

CTO Realty Growth (NYSE:CTO) last issued its quarterly earnings results on Tuesday, October 28th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.46). The business had revenue of $34.62 million for the quarter, compared to analysts’ expectations of $37.83 million. CTO Realty Growth had a negative return on equity of 5.72% and a negative net margin of 22.77%. As a group, equities analysts expect that CTO Realty Growth will post 1.92 EPS for the current fiscal year.

CTO Realty Growth Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Thursday, December 11th were paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 8.6%. The ex-dividend date was Thursday, December 11th. CTO Realty Growth’s payout ratio is -117.83%.

Institutional Trading of CTO Realty Growth

A number of institutional investors have recently made changes to their positions in CTO. CIBC Private Wealth Group LLC purchased a new position in CTO Realty Growth in the 3rd quarter valued at $37,000. Signaturefd LLC raised its position in shares of CTO Realty Growth by 200.1% in the fourth quarter. Signaturefd LLC now owns 2,398 shares of the company’s stock valued at $44,000 after buying an additional 1,599 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of CTO Realty Growth by 51.7% in the second quarter. Tower Research Capital LLC TRC now owns 3,654 shares of the company’s stock worth $63,000 after buying an additional 1,245 shares in the last quarter. SG Americas Securities LLC acquired a new position in CTO Realty Growth during the fourth quarter worth about $112,000. Finally, Police & Firemen s Retirement System of New Jersey grew its stake in CTO Realty Growth by 24.3% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 7,050 shares of the company’s stock valued at $122,000 after acquiring an additional 1,377 shares in the last quarter. 67.18% of the stock is owned by institutional investors and hedge funds.

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.