CTO Realty Growth, Inc. (NYSE:CTO) Given Average Rating of “Buy” by Analysts

Shares of CTO Realty Growth, Inc. (NYSE:CTO) have received a consensus recommendation of “Buy” from the seven brokerages that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $24.50.

A number of brokerages have recently issued reports on CTO. Alliance Global Partners reissued 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. Huntington began coverage on shares of CTO Realty Growth in a research report on Tuesday, August 11th. They issued an “outperform” rating and a $24.00 price target for the company. Cantor Fitzgerald increased their price target on CTO Realty Growth from $23.00 to $25.00 and gave the stock an “overweight” rating in a research report on Monday, August 3rd. Finally, Raymond James Financial restated a “strong-buy” rating and set a $25.00 price objective on shares of CTO Realty Growth in a research note on Monday, June 29th.

CTO Realty Growth Trading Down 0.6%

Shares of CTO Realty Growth stock opened at $20.28 on Friday. CTO Realty Growth has a 12-month low of $15.06 and a 12-month high of $22.71. The stock has a market cap of $760.22 million, a P/E ratio of 14.91 and a beta of 0.60. The company has a quick ratio of 8.69, a current ratio of 8.69 and a debt-to-equity ratio of 0.99. The business’s 50 day moving average is $21.65 and its 200-day moving average is $20.59.

CTO Realty Growth (NYSE:CTO) last issued its earnings results on Tuesday, July 28th. The company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.28. The business had revenue of $43.83 million during the quarter, compared to the consensus estimate 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. Equities research analysts predict that CTO Realty Growth will post 2.12 earnings per share for the current fiscal year.

CTO Realty Growth Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Thursday, September 10th will be issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 7.5%. The ex-dividend date of this dividend is Thursday, September 10th. CTO Realty Growth’s dividend payout ratio is 111.76%.

Institutional Investors Weigh In On CTO Realty Growth

Institutional investors and hedge funds have recently bought and sold shares of the company. Clearstead Advisors LLC boosted its holdings in shares of CTO Realty Growth by 231.9% in the 4th quarter. Clearstead Advisors LLC now owns 1,789 shares of the company’s stock valued at $33,000 after purchasing an additional 1,250 shares in the last quarter. Legal & General Group Plc acquired a new position in shares of CTO Realty Growth during the 2nd quarter worth $70,000. Integrated Wealth Concepts LLC bought a new stake in shares of CTO Realty Growth during the 2nd quarter worth $101,000. Virtus Advisers LLC bought a new stake in shares of CTO Realty Growth during the 2nd quarter worth $120,000. Finally, Globeflex Capital L P acquired a new stake in CTO Realty Growth in the second quarter valued at about $212,000. Institutional investors own 67.18% of the company’s stock.

About CTO Realty Growth

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.