CTO Realty Growth (NYSE:CTO) Lowered to "Hold" Rating by Zacks Research

Key Points

• Zacks Research downgraded CTO Realty Growth from “strong buy” to “hold,” although the broader analyst consensus remains “Buy,” with an average price target of $24.50.
• CTO shares opened at $21.49, near their 52-week high of $22.71. The company reported quarterly EPS of $0.38, significantly above the $0.10 analyst consensus, alongside revenue of $43.83 million.
• Institutional investors own 67.18% of CTO’s stock, with several funds increasing or initiating positions during the second quarter.

CTO Realty Growth (NYSE:CTO - Get Free Report) was downgraded by stock analysts at Zacks Research from a "strong-buy" rating to a "hold" rating in a research report issued to clients and investors on Monday, Zacks reports.

CTO has been the topic of several other research reports. Alliance Global Partners reaffirmed 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 issued an "outperform" rating and a $24.00 target price for the company. JonesTrading increased their price target on shares of CTO Realty Growth from $23.00 to $24.00 and gave the stock a "buy" rating in a research note on Wednesday, July 29th. Raymond James Financial restated a "strong-buy" rating and set a $25.00 price target on shares of CTO Realty Growth in a report on Monday, June 29th. Finally, Weiss Ratings raised shares of CTO Realty Growth from a "hold (c+)" rating to a "buy (b)" rating in a research note on Friday, August 7th. One 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. According to data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of $24.50.

CTO Realty Growth Stock Performance

Shares of NYSE CTO opened at $21.49 on Monday. 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 has a one year low of $15.06 and a one year high of $22.71. The business's 50-day moving average price is $21.77 and its two-hundred day moving average price is $20.44. The company has a market capitalization of $805.66 million, a P/E ratio of 15.80 and a beta of 0.60.

CTO Realty Growth (NYSE:CTO - Get Free Report) last posted its quarterly earnings results 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. The company had revenue of $43.83 million during the quarter, compared to the consensus estimate 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. Analysts anticipate that CTO Realty Growth will post 2.12 earnings per share for the current fiscal year.

Hedge Funds Weigh In On CTO Realty Growth

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. HighTower Advisors LLC raised its position in shares of 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 purchasing an additional 15,049 shares during the period. California State Teachers Retirement System grew its stake in CTO Realty Growth by 457.7% in the 2nd quarter. California State Teachers Retirement System now owns 9,464 shares of the company's stock valued at $204,000 after buying an additional 7,767 shares during the last quarter. Jefferies Financial Group Inc. bought a new position in CTO Realty Growth in the 2nd quarter worth $443,000. Public Employees Retirement System of Ohio bought a new position in CTO Realty Growth in the 2nd quarter worth $1,240,000. Finally, Bank of America Corp DE bought a new position in CTO Realty Growth in the 2nd quarter worth $2,428,000. Institutional investors and hedge funds own 67.18% of the company's stock.

About CTO Realty Growth

CTO Realty Growth, Inc is a publicly traded real estate investment trust (REIT) that specializes in single-tenant net lease properties. The company's primary focus is on acquiring, owning and managing retail assets leased to creditworthy operators under long-term, triple-net lease agreements. By targeting essential retail segments, CTO Realty Growth seeks to generate stable, inflation-protected income streams while maintaining a disciplined investment approach.

The REIT's portfolio is concentrated in convenience store and fuel service locations, with additional assets in other retail categories where net lease structures prevail.

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