CTO Realty Growth (NYSE:CTO) Downgraded by Zacks Research to Hold

Zacks Research cut shares of CTO Realty Growth (NYSE:CTO) from a strong-buy rating to a hold rating in a research report sent to investors on Monday morning,Zacks reports.

Several other equities research analysts have also recently commented on CTO. Huntington assumed coverage on CTO Realty Growth in a research note on Tuesday, August 11th. They set an “outperform” rating and a $24.00 price target for the company. Alliance Global Partners reiterated a “buy” rating on shares of CTO Realty Growth in a research report on Wednesday, July 29th. Weiss Ratings upgraded shares of CTO Realty Growth from a “hold (c+)” rating to a “buy (b)” rating in a research report on Friday, August 7th. Raymond James Financial reissued a “strong-buy” rating and issued a $25.00 price objective on shares of CTO Realty Growth in a research note on Monday, June 29th. Finally, Cantor Fitzgerald upped their price objective on shares of CTO Realty Growth from $23.00 to $25.00 and gave the stock an “overweight” rating in a research report on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $24.50.

CTO Realty Growth Stock Performance

NYSE CTO opened at $21.49 on Monday. The firm has a market cap of $805.66 million, a P/E ratio of 15.80 and a beta of 0.60. CTO Realty Growth has a 52-week low of $15.06 and a 52-week high of $22.71. The business’s 50-day moving average price is $21.77 and its 200 day moving average price is $20.44. The company has a quick ratio of 8.69, a current ratio of 8.69 and a debt-to-equity ratio of 0.99.

CTO Realty Growth (NYSE:CTO) last posted its quarterly earnings data on Tuesday, July 28th. The company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.10 by $0.28. CTO Realty Growth had a return on equity of 8.90% and a net margin of 32.63%.The firm had revenue of $43.83 million during the quarter, compared to the consensus estimate of $42.31 million. CTO Realty Growth has set its FY 2026 guidance at 2.210-2.250 EPS. On average, equities research analysts expect that CTO Realty Growth will post 2.12 earnings per share for the current year.

CTO Realty Growth Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Thursday, September 10th will be given a $0.38 dividend. The ex-dividend date is Thursday, September 10th. This represents a $1.52 annualized dividend and a yield of 7.1%. CTO Realty Growth’s dividend payout ratio is presently 111.76%.

Institutional Investors Weigh In On CTO Realty Growth

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. acquired a new position in shares of CTO Realty Growth during the 2nd quarter worth $77,576,000. Miller Value Partners LLC acquired a new stake in shares of CTO Realty Growth in the second quarter valued at about $11,613,000. Man Group plc purchased a new stake in CTO Realty Growth during the second quarter worth about $8,160,000. SummitTX Capital L.P. purchased a new stake in CTO Realty Growth during the third quarter worth about $3,016,000. Finally, Bank of New York Mellon Corp purchased a new stake in CTO Realty Growth during the second quarter worth about $3,691,000. Institutional investors and hedge funds own 67.18% of the company’s stock.

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.