CTO Realty Growth (NYSE:CTO) Price Target Raised to $24.00

CTO Realty Growth (NYSE:CTO) had its target price upped by JonesTrading from $23.00 to $24.00 in a report issued on Wednesday morning,Benzinga reports. JonesTrading currently has a buy rating on the stock.

CTO has been the topic of a number of other reports. Zacks Research upgraded shares of CTO Realty Growth from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 30th. Raymond James Financial reaffirmed 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. Alliance Global Partners reiterated a “buy” rating on shares of CTO Realty Growth in a research note on Wednesday. Cantor Fitzgerald boosted their price target on shares of CTO Realty Growth from $22.00 to $23.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of CTO Realty Growth in a report on Friday, July 24th. Two research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, CTO Realty Growth has a consensus rating of “Buy” and an average target price of $24.00.

CTO Realty Growth Stock Performance

Shares of CTO Realty Growth stock opened at $21.96 on Wednesday. The company has a debt-to-equity ratio of 0.99, a current ratio of 8.69 and a quick ratio of 3.95. The firm has a market cap of $823.21 million, a price-to-earnings ratio of 16.15 and a beta of 0.60. CTO Realty Growth has a one year low of $15.06 and a one year high of $22.71. The stock’s 50-day moving average is $21.24 and its 200-day moving average is $19.86.

CTO Realty Growth (NYSE:CTO) last announced its earnings results on Tuesday, July 28th. The company reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 return on equity of 8.90% and a net margin of 32.63%.CTO Realty Growth has set its FY 2026 guidance at 2.210-2.250 EPS. Equities analysts predict that CTO Realty Growth will post 2.1 earnings per share for the current fiscal year.

CTO Realty Growth Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 11th were paid a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 6.9%. The ex-dividend date was Thursday, June 11th. CTO Realty Growth’s dividend payout ratio (DPR) is 111.76%.

Institutional Trading of CTO Realty Growth

Several institutional investors and hedge funds have recently bought and sold shares of CTO. Jane Street Group LLC bought a new stake in CTO Realty Growth in the 1st quarter valued at $1,724,000. JPMorgan Chase & Co. raised its position in shares of CTO Realty Growth by 64.4% in the second quarter. JPMorgan Chase & Co. now owns 163,158 shares of the company’s stock valued at $2,816,000 after purchasing an additional 63,926 shares during the period. Rhumbline Advisers lifted its stake in shares of CTO Realty Growth by 10.2% during the 2nd quarter. Rhumbline Advisers now owns 55,816 shares of the company’s stock worth $963,000 after buying an additional 5,167 shares during the last quarter. Invesco Ltd. lifted its stake in shares of CTO Realty Growth by 3.4% during the 2nd quarter. Invesco Ltd. now owns 522,721 shares of the company’s stock worth $9,022,000 after buying an additional 17,334 shares during the last quarter. Finally, Brown Advisory Inc. acquired a new stake in shares of CTO Realty Growth during the 2nd quarter worth about $357,000. Institutional investors own 67.18% of the company’s stock.

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.