CTO Realty Growth (NYSE:CTO) Stock Price Target Lowered at Cantor Fitzgerald

CTO Realty Growth (NYSE:CTO) had its target price cut by Cantor Fitzgerald from $25.00 to $23.00 in a report released on Friday, Benzinga reports. The firm presently has an “overweight” rating on the stock. Cantor Fitzgerald‘s price target points to a potential upside of 14.17% from the stock’s current price.

CTO has been the topic of a number of other research reports. 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. Weiss Ratings lowered shares of CTO Realty Growth from a “buy (b-)” rating to a “hold (c)” rating in a report on Wednesday, October 28th. Alliance Global Partners restated a “buy” rating on shares of CTO Realty Growth in a research report on Wednesday, July 29th. Wall Street Zen downgraded shares of CTO Realty Growth from a “hold” rating to a “sell” rating in a research note on Saturday, October 31st. Finally, JonesTrading reissued a “buy” rating and set a $24.00 price objective on shares of CTO Realty Growth in a research note on Thursday, October 1st. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $24.00.

CTO Realty Growth Trading Down 1.5%

NYSE CTO opened at $20.14 on Friday. The company has a market capitalization of $780.82 million, a price-to-earnings ratio of 17.67 and a beta of 0.63. The company’s 50-day simple moving average is $20.52 and its two-hundred day simple moving average is $20.25. The company has a debt-to-equity ratio of 1.05, a quick ratio of 6.06 and a current ratio of 6.06. CTO Realty Growth has a one year low of $16.91 and a one year high of $22.71.

CTO Realty Growth (NYSE:CTO) last posted its quarterly earnings data on Tuesday, October 27th. The company reported ($0.19) EPS for the quarter, missing the consensus estimate of $0.20 by ($0.39). CTO Realty Growth had a return on equity of 7.15% and a net margin of 26.12%. The firm had revenue of $46.91 million for the quarter, compared to the consensus estimate of $45.21 million. Equities analysts forecast that CTO Realty Growth will post 2.11 EPS for the current fiscal year.

Institutional Investors Weigh In On CTO Realty Growth

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Lazard Asset Management LLC acquired a new position in shares of CTO Realty Growth in the 1st quarter worth approximately $1,449,000. Bank of New York Mellon Corp acquired a new stake in CTO Realty Growth in the 2nd quarter valued at approximately $3,691,000. Public Employees Retirement System of Ohio acquired a new stake in CTO Realty Growth in the 2nd quarter valued at approximately $1,240,000. Odyssean LLC purchased a new stake in CTO Realty Growth in the second quarter valued at approximately $1,082,000. Finally, BlackRock Inc. purchased a new stake in CTO Realty Growth in the second quarter valued at approximately $77,576,000. 67.18% of the stock is owned by hedge funds and other institutional investors.

CTO Realty Growth Company Profile

CTO Realty Growth, Inc is an internally managed real estate investment trust (REIT) that owns, manages and invests in income-producing commercial real estate. The company’s portfolio is focused primarily on open-air shopping centers and other retail properties, including locations anchored by grocery stores, home-improvement retailers and other necessity-based tenants.

The company also makes structured investments in commercial real estate and may pursue additional property investments in select markets.