CTO Realty Growth’s (CTO) “Buy” Rating Reiterated at JonesTrading

CTO Realty Growth (NYSE:CTO)‘s stock had its “buy” rating restated by research analysts at JonesTrading in a research report issued on Thursday, Benzinga reports. They presently have a $24.00 price target on the stock. JonesTrading’s target price suggests a potential upside of 17.03% from the stock’s current price.

CTO has been the topic of a number of other reports. Raymond James Financial reiterated a “strong-buy” rating and set a $25.00 price target on shares of CTO Realty Growth in a report on Monday, June 29th. Huntington started coverage on CTO Realty Growth in a research report on Tuesday, August 11th. They issued an “outperform” rating and a $24.00 target price for the company. Alliance Global Partners reissued a “buy” rating on shares of CTO Realty Growth in a research report on Wednesday, July 29th. Cantor Fitzgerald raised their target price 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, Weiss Ratings downgraded CTO Realty Growth from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, September 25th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $24.50.

CTO Realty Growth Stock Performance

Shares of CTO Realty Growth stock opened at $20.51 on Thursday. The business’s fifty day simple moving average is $21.40 and its 200 day simple moving average is $20.66. The firm has a market capitalization of $768.84 million, a P/E ratio of 15.08 and a beta of 0.60. CTO Realty Growth has a 12 month low of $15.06 and a 12 month high of $22.71. The company has a current ratio of 8.69, a quick ratio of 8.69 and a debt-to-equity ratio of 0.99.

CTO Realty Growth (NYSE:CTO) last issued its quarterly earnings results on Tuesday, July 28th. The company reported $0.38 EPS for the quarter, topping 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. As a group, analysts anticipate that CTO Realty Growth will post 2.12 EPS for the current year.

Hedge Funds Weigh In On CTO Realty Growth

Several hedge funds have recently made changes to their positions in the stock. BlackRock Inc. purchased a new position in shares of CTO Realty Growth in the second quarter valued at $77,576,000. Miller Value Partners LLC purchased a new position in shares of CTO Realty Growth in the second quarter valued at $11,613,000. Dimensional Fund Advisors LP grew its position in shares of CTO Realty Growth by 6.0% in the first quarter. Dimensional Fund Advisors LP now owns 443,746 shares of the company’s stock valued at $8,205,000 after purchasing an additional 24,989 shares in the last quarter. Man Group plc purchased a new position in shares of CTO Realty Growth in the second quarter valued at $8,160,000. Finally, Kennedy Capital Management LLC grew its position in shares of CTO Realty Growth by 0.3% in the fourth quarter. Kennedy Capital Management LLC now owns 326,556 shares of the company’s stock valued at $6,012,000 after purchasing an additional 1,069 shares in the last quarter. 67.18% of the stock is currently owned by hedge funds and other institutional investors.

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.