JonesTrading Reaffirms Buy Rating for CTO Realty Growth (NYSE:CTO)

CTO Realty Growth (NYSE:CTO)‘s stock had its “buy” rating reissued by equities researchers at JonesTrading in a report released on Thursday, Benzinga reports. They currently have a $24.00 price target on the stock. JonesTrading’s price objective would indicate a potential upside of 17.73% from the stock’s previous close.

Other analysts have also issued reports about the stock. Zacks Research lowered shares of CTO Realty Growth from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 31st. 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 note on Monday, August 3rd. Raymond James Financial reaffirmed 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. Weiss Ratings downgraded shares of CTO Realty Growth from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, September 25th. Finally, Alliance Global Partners reiterated a “buy” rating on shares of CTO Realty Growth in a report on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $24.50.

CTO Realty Growth Stock Down 0.5%

NYSE:CTO traded down $0.11 during mid-day trading on Thursday, reaching $20.39. The company’s stock had a trading volume of 55,946 shares, compared to its average volume of 330,644. CTO Realty Growth has a 1 year low of $15.06 and a 1 year high of $22.71. The stock has a fifty day moving average of $21.40 and a 200-day moving average of $20.66. The firm has a market capitalization of $764.23 million, a PE ratio of 15.00 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.

CTO Realty Growth (NYSE:CTO) last released its quarterly earnings data on Tuesday, July 28th. The company reported $0.38 earnings per share for the quarter, topping 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 during 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. Equities research analysts forecast that CTO Realty Growth will post 2.12 earnings per share for the current year.

Hedge Funds Weigh In On CTO Realty Growth

Several hedge funds have recently modified their holdings of the stock. Kennedy Capital Management LLC increased its holdings in shares of CTO Realty Growth by 0.3% during the fourth quarter. Kennedy Capital Management LLC now owns 326,556 shares of the company’s stock valued at $6,012,000 after acquiring an additional 1,069 shares in the last quarter. Clearstead Advisors LLC increased its holdings in shares of CTO Realty Growth by 231.9% during the fourth quarter. Clearstead Advisors LLC now owns 1,789 shares of the company’s stock valued at $33,000 after acquiring an additional 1,250 shares in the last quarter. Renaissance Technologies LLC increased its holdings in shares of CTO Realty Growth by 0.9% during the first quarter. Renaissance Technologies LLC now owns 212,300 shares of the company’s stock valued at $3,925,000 after acquiring an additional 1,799 shares in the last quarter. Legal & General Group Plc acquired a new position in shares of CTO Realty Growth during the second quarter valued at about $70,000. Finally, Integrated Wealth Concepts LLC acquired a new position in shares of CTO Realty Growth during the second quarter valued at about $101,000. Institutional investors and hedge funds 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.