57,644 Shares in CTO Realty Growth, Inc. $CTO Purchased by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio acquired a new position in shares of CTO Realty Growth, Inc. (NYSE:CTO - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 57,644 shares of the company's stock, valued at approximately $1,240,000. Public Employees Retirement System of Ohio owned about 0.15% of CTO Realty Growth at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in shares of CTO Realty Growth during the 2nd quarter worth approximately $77,576,000. Miller Value Partners LLC bought a new position in CTO Realty Growth in the second quarter valued at approximately $11,613,000. Man Group plc bought a new position in CTO Realty Growth in the second quarter valued at approximately $8,160,000. SummitTX Capital L.P. acquired a new stake in CTO Realty Growth during the 3rd quarter worth $3,016,000. Finally, Bank of New York Mellon Corp acquired a new stake in CTO Realty Growth during the 2nd quarter worth $3,691,000. 67.18% of the stock is currently owned by institutional investors and hedge funds.

CTO Realty Growth Trading Down 0.1%

CTO opened at $21.47 on Wednesday. The firm's fifty day moving average is $21.76 and its two-hundred day moving average is $20.53. The firm has a market cap of $804.77 million, a PE ratio of 15.79 and a beta of 0.60. CTO Realty Growth, Inc. 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.

CTO Realty Growth (NYSE:CTO - Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The company reported $0.38 EPS for the quarter, beating analysts' consensus estimates of $0.10 by $0.28. The business had revenue of $43.83 million during the quarter, compared to analysts' expectations 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. Equities research analysts anticipate that CTO Realty Growth, Inc. will post 2.12 EPS for the current year.

CTO Realty Growth Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Thursday, September 10th will be issued a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 7.1%. The ex-dividend date is Thursday, September 10th. CTO Realty Growth's dividend payout ratio is 111.76%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on CTO shares. Huntington assumed coverage on CTO Realty Growth in a research note on Tuesday, August 11th. They issued an "outperform" rating and a $24.00 price target on the stock. Raymond James Financial reaffirmed a "strong-buy" rating and set a $25.00 price objective on shares of CTO Realty Growth in a research note on Monday, June 29th. Weiss Ratings raised CTO Realty Growth from a "hold (c+)" rating to a "buy (b)" rating in a research note on Friday, August 7th. JonesTrading raised 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. Finally, Alliance Global Partners restated a "buy" rating on shares of CTO Realty Growth in a research report on Wednesday, July 29th. 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's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $24.50.

CTO Realty Growth 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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