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

Key Points

• JonesTrading reaffirmed its “Buy” rating on CTO Realty Growth and set a $24 price target, implying approximately 17% upside from the stock’s $20.51 price. Analysts’ consensus is also “Buy,” with an average target of $24.50.
• CTO reported quarterly EPS of $0.38, beating the $0.10 consensus estimate, while revenue reached $43.83 million versus expectations of $42.31 million.
• Institutional investors own 67.18% of CTO’s shares, with several funds increasing their positions during the second quarter.

CTO Realty Growth (NYSE:CTO - Get Free Report)'s stock had its "buy" rating restated by 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 price objective indicates a potential upside of 17.03% from the company's current price.

CTO has been the topic of a number of other reports. Raymond James Financial reiterated 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 lowered CTO Realty Growth from a "buy (b)" rating to a "buy (b-)" rating in a report on Friday, September 25th. Alliance Global Partners reaffirmed a "buy" rating on shares of CTO Realty Growth in a research report on Wednesday, July 29th. Huntington assumed 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 on the stock. Finally, Cantor Fitzgerald increased their target price on shares of CTO Realty Growth from $23.00 to $25.00 and gave the company an "overweight" rating in a research note on Monday, August 3rd. 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 company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $24.50.

CTO Realty Growth Stock Down 0.7%

CTO opened at $20.51 on Thursday. CTO Realty Growth has a twelve month low of $15.06 and a twelve month high of $22.71. The company has a debt-to-equity ratio of 0.99, a quick ratio of 8.69 and a current ratio of 8.69. The business has a 50 day moving average price of $21.40 and a 200 day moving average price of $20.66. The firm has a market cap of $768.84 million, a P/E ratio of 15.08 and a beta of 0.60.

CTO Realty Growth (NYSE:CTO - Get Free Report) last posted its earnings results on Tuesday, July 28th. The company reported $0.38 earnings per share (EPS) for the quarter, beating 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 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. Research analysts forecast that CTO Realty Growth will post 2.12 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Sequoia Financial Advisors LLC grew its holdings in shares of CTO Realty Growth by 112.8% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 22,139 shares of the company's stock valued at $476,000 after buying an additional 11,733 shares during the period. Engineers Gate Manager LP raised its stake in CTO Realty Growth by 63.4% during the 2nd quarter. Engineers Gate Manager LP now owns 30,711 shares of the company's stock worth $661,000 after buying an additional 11,911 shares during the period. Integrated Wealth Concepts LLC bought a new position in CTO Realty Growth during the second quarter worth about $101,000. HighTower Advisors LLC grew its stake in CTO Realty Growth by 33.1% in the second quarter. HighTower Advisors LLC now owns 60,538 shares of the company's stock valued at $1,302,000 after acquiring an additional 15,049 shares during the period. Finally, Jefferies Financial Group Inc. acquired a new position in CTO Realty Growth in the second quarter valued at about $443,000. 67.18% of the stock is currently owned by institutional investors.

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.