CTO Realty Growth, Inc. (NYSE:CTO) Given Consensus Recommendation of "Buy" by Brokerages

Key Points

• CTO Realty Growth has a consensus “Buy” rating from seven analysts: five buys, one strong buy and one hold. The average 12-month price target is $24.50, above the recent $20.69 share price.
• The company reported quarterly EPS of $0.38, significantly exceeding the $0.10 analyst consensus, while revenue of $43.83 million also topped estimates.
• CTO declared a quarterly dividend of $0.38 per share, equivalent to an annualized $1.52 payout and a 7.3% dividend yield; institutional investors own 67.18% of the stock.

Shares of CTO Realty Growth, Inc. (NYSE:CTO - Get Free Report) have been assigned a consensus rating of "Buy" from the seven ratings firms that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, five have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $24.50.

CTO has been the subject of a number of recent research reports. Weiss Ratings upgraded shares of CTO Realty Growth from a "hold (c+)" rating to a "buy (b)" rating in a research note on Friday, August 7th. 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 on the stock. JonesTrading upped their target price on CTO Realty Growth from $23.00 to $24.00 and gave the stock a "buy" rating in a report on Wednesday, July 29th. Cantor Fitzgerald increased their price target on CTO Realty Growth from $23.00 to $25.00 and gave the company an "overweight" rating in a research report on Monday, August 3rd. Finally, Zacks Research downgraded CTO Realty Growth from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 31st.

CTO Realty Growth Price Performance

Shares of CTO opened at $20.69 on Friday. The stock has a market capitalization of $775.68 million, a P/E ratio of 15.22 and a beta of 0.60. CTO Realty Growth has a twelve month low of $15.06 and a twelve month high of $22.71. The company has a 50 day moving average of $21.73 and a 200-day moving average of $20.56. 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 - Get Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The company reported $0.38 EPS 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 business had revenue of $43.83 million for 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. As a group, equities research analysts forecast that CTO Realty Growth will post 2.12 EPS for the current fiscal year.

CTO Realty Growth Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Thursday, September 10th will be paid a dividend of $0.38 per share. The ex-dividend date is Thursday, September 10th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 7.3%. CTO Realty Growth's dividend payout ratio is currently 111.76%.

Hedge Funds Weigh In On CTO Realty Growth

Hedge funds and other institutional investors have recently made changes to their positions in the company. Jane Street Group LLC acquired a new position in CTO Realty Growth during the first quarter worth $1,724,000. JPMorgan Chase & Co. lifted its stake in CTO Realty Growth by 64.4% in the second quarter. JPMorgan Chase & Co. now owns 163,158 shares of the company's stock valued at $2,816,000 after acquiring an additional 63,926 shares during the last quarter. Rhumbline Advisers lifted its stake in CTO Realty Growth by 10.2% in the second quarter. Rhumbline Advisers now owns 55,816 shares of the company's stock valued at $963,000 after acquiring an additional 5,167 shares during the last quarter. Invesco Ltd. grew its position in shares of CTO Realty Growth by 3.4% in the 2nd quarter. Invesco Ltd. now owns 522,721 shares of the company's stock valued at $9,022,000 after acquiring an additional 17,334 shares during the period. Finally, Brown Advisory Inc. bought a new position in shares of CTO Realty Growth in the 2nd quarter valued at about $357,000. 67.18% of the stock is owned by institutional investors.

CTO Realty Growth Company Profile

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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