CTO Realty Growth (NYSE:CTO) Given Buy Rating at JonesTrading

CTO Realty Growth (NYSE:CTO)‘s stock had its “buy” rating reiterated by research analysts at JonesTrading in a research report issued to clients and investors on Thursday, Benzinga reports. They presently have a $24.00 price target on the stock. JonesTrading’s target price suggests a potential upside of 18.08% from the company’s current price.

A number of other research firms have also weighed in on CTO. Zacks Research lowered shares of CTO Realty Growth from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 31st. Alliance Global Partners reissued a “buy” rating on shares of CTO Realty Growth in a research report on Wednesday, July 29th. Huntington initiated coverage on shares of CTO Realty Growth in a research report on Tuesday, August 11th. They set an “outperform” rating and a $24.00 price target on the stock. Raymond James Financial reissued a “strong-buy” rating and set a $25.00 price target on shares of CTO Realty Growth in a research report on Monday, June 29th. Finally, Weiss Ratings lowered shares of CTO Realty Growth from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, September 25th. One 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, CTO Realty Growth presently has a consensus rating of “Buy” and an average price target of $24.50.

CTO Realty Growth Stock Down 0.8%

Shares of NYSE CTO traded down $0.17 during mid-day trading on Thursday, reaching $20.33. 37,089 shares of the company’s stock traded hands, compared to its average volume of 330,591. The stock has a market cap of $761.98 million, a P/E ratio of 14.95 and a beta of 0.60. The business has a 50-day simple moving average of $21.40 and a 200 day simple moving average of $20.66. CTO Realty Growth has a 1-year low of $15.06 and a 1-year high of $22.71. The company has a debt-to-equity ratio of 0.99, a current ratio of 8.69 and a quick ratio of 8.69.

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

Institutional Trading of CTO Realty Growth

Institutional investors and hedge funds have recently made changes to their positions in the stock. Lazard Asset Management LLC purchased a new stake in shares of CTO Realty Growth during the 1st quarter valued at $1,449,000. Y Intercept Hong Kong Ltd purchased a new stake in shares of CTO Realty Growth during the 1st quarter valued at $1,953,000. Public Employees Retirement System of Ohio purchased a new stake in shares of CTO Realty Growth during the 2nd quarter valued at $1,240,000. SummitTX Capital L.P. raised its position in shares of CTO Realty Growth by 56.5% during the 1st quarter. SummitTX Capital L.P. now owns 167,545 shares of the company’s stock valued at $3,098,000 after buying an additional 60,506 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new position in CTO Realty Growth in the 2nd quarter worth approximately $1,186,000. Hedge funds and other institutional investors own 67.18% of the company’s stock.

CTO Realty Growth Company Profile

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.