CTO Realty Growth, Inc. (NYSE:CTO) Stock Now Rated "Buy" by Sell-Side Analysts

Key Points

• Analysts collectively rate CTO Realty Growth “Buy.” Five analysts recommend buying, one rates it a strong buy, and one recommends holding; the average 12-month price target is $24.50 versus a reported share price of $20.52.
• CTO reported quarterly EPS of $0.38, significantly above the $0.10 consensus estimate, while revenue of $43.83 million also exceeded expectations.
• The company pays a quarterly dividend of $0.38, equivalent to $1.52 annually and a 7.4% yield; institutional investors own 67.18% of the stock.

Shares of CTO Realty Growth, Inc. (NYSE:CTO - Get Free Report) have been assigned an average rating of "Buy" from the seven analysts that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a hold recommendation, five have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $24.50.

CTO has been the subject of a number of recent research reports. Weiss Ratings cut CTO Realty Growth from a "buy (b)" rating to a "buy (b-)" rating in a research note on Friday, September 25th. Cantor Fitzgerald raised their price target on CTO Realty Growth from $23.00 to $25.00 and gave the company an "overweight" rating in a report on Monday, August 3rd. Huntington started coverage on CTO Realty Growth in a research report on Tuesday, August 11th. They issued an "outperform" rating and a $24.00 price target for the company. Zacks Research cut shares of CTO Realty Growth from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 31st. Finally, JonesTrading reissued a "buy" rating and set a $24.00 price objective on shares of CTO Realty Growth in a research report on Thursday, October 1st.

CTO Realty Growth Trading Up 1.2%

Shares of NYSE CTO opened at $20.52 on Wednesday. CTO Realty Growth has a 1 year low of $15.06 and a 1 year high of $22.71. The company has a debt-to-equity ratio of 0.99, a current ratio of 8.69 and a quick ratio of 8.69. The firm has a 50-day moving average of $21.28 and a 200 day moving average of $20.70. The stock has a market cap of $769.48 million, a P/E ratio of 15.09 and a beta of 0.60.

CTO Realty Growth (NYSE:CTO - Get Free Report) last announced 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 business had revenue of $43.83 million for the quarter, compared to analysts' expectations of $42.31 million. CTO Realty Growth has set its FY 2026 guidance at 2.210-2.250 EPS. As a group, sell-side analysts expect that CTO Realty Growth will post 2.12 EPS for the current fiscal year.

CTO Realty Growth Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Thursday, September 10th were issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 7.4%. The ex-dividend date was Thursday, September 10th. CTO Realty Growth's payout ratio is presently 111.76%.

Institutional Investors Weigh In On CTO Realty Growth

Several large investors have recently bought and sold shares of the business. Kennedy Capital Management LLC raised its position in shares of CTO Realty Growth by 0.3% in the 4th quarter. Kennedy Capital Management LLC now owns 326,556 shares of the company's stock worth $6,012,000 after acquiring an additional 1,069 shares in the last quarter. Renaissance Technologies LLC grew its holdings in CTO Realty Growth by 0.9% in the first quarter. Renaissance Technologies LLC now owns 212,300 shares of the company's stock worth $3,925,000 after purchasing an additional 1,799 shares during the last quarter. Legal & General Group Plc purchased a new position in CTO Realty Growth in the second quarter worth $70,000. Integrated Wealth Concepts LLC acquired a new position in shares of CTO Realty Growth during the second quarter worth $101,000. Finally, Miller Value Partners LLC lifted its holdings in shares of CTO Realty Growth by 1.2% during the 4th quarter. Miller Value Partners LLC now owns 434,145 shares of the company's stock valued at $7,993,000 after purchasing an additional 5,000 shares during the last quarter. 67.18% of the stock is currently owned by institutional investors.

CTO Realty Growth Company Profile

CTO Realty Growth, Inc is a self-managed real estate investment trust (REIT) that owns, manages and develops income-producing commercial real estate. The company's portfolio is primarily composed of open-air, necessity-based retail properties and other mixed-use assets leased to national, regional and local tenants.

CTO Realty Growth focuses on properties located in attractive markets with favorable demographic and economic characteristics. Its retail centers generally serve everyday consumer needs and may be anchored by grocery stores, home improvement retailers, discount stores or other high-traffic businesses.

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