Bank of New York Mellon Corp Purchases New Shares in CTO Realty Growth, Inc. $CTO

Key Points

• Bank of New York Mellon acquired 171,582 shares of CTO Realty Growth valued at approximately $3.7 million, joining other institutional investors. Institutions and hedge funds collectively own 67.18% of the REIT.
• CTO reported quarterly EPS of $0.38, beating estimates of $0.10, while revenue of $43.83 million exceeded the $42.31 million consensus. Management set fiscal 2026 EPS guidance at $2.21–$2.25.
• The company declared a quarterly dividend of $0.38, representing a 7.1% annualized yield. Analysts maintain a consensus “Buy” rating with a $24.50 price target, compared with the reported share price of $21.46.

Bank of New York Mellon Corp acquired a new position in shares of CTO Realty Growth, Inc. (NYSE:CTO - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 171,582 shares of the company's stock, valued at approximately $3,691,000. Bank of New York Mellon Corp owned about 0.46% of CTO Realty Growth as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in CTO. Clearstead Advisors LLC boosted its stake in shares of CTO Realty Growth by 231.9% during the fourth quarter. Clearstead Advisors LLC now owns 1,789 shares of the company's stock worth $33,000 after buying an additional 1,250 shares during the period. CIBC Private Wealth Group LLC acquired a new position in CTO Realty Growth in the 3rd quarter valued at about $37,000. Tower Research Capital LLC TRC increased its position in CTO Realty Growth by 51.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,654 shares of the company's stock valued at $63,000 after acquiring an additional 1,245 shares during the period. PNC Financial Services Group Inc. raised its stake in CTO Realty Growth by 127.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 7,080 shares of the company's stock valued at $130,000 after acquiring an additional 3,974 shares during the last quarter. Finally, First Trust Advisors LP purchased a new stake in CTO Realty Growth during the 3rd quarter valued at approximately $170,000. 67.18% of the stock is owned by hedge funds and other institutional investors.

CTO Realty Growth Trading Down 0.1%

Shares of CTO stock opened at $21.46 on Monday. The business's fifty day moving average price is $21.77 and its 200 day moving average price is $20.50. CTO Realty Growth, Inc. has a 1-year low of $15.06 and a 1-year high of $22.71. The firm has a market capitalization of $804.54 million, a PE ratio of 15.78 and a beta of 0.60. 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 (NYSE:CTO - Get Free Report) last released its earnings results on Tuesday, July 28th. The company reported $0.38 EPS for the quarter, beating 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. As a group, sell-side analysts forecast that CTO Realty Growth, Inc. will post 2.12 EPS for the current fiscal year.

CTO Realty Growth Dividend Announcement

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

Analyst Upgrades and Downgrades

Several brokerages have weighed in on CTO. Weiss Ratings upgraded CTO Realty Growth from a "hold (c+)" rating to a "buy (b)" rating in a research note on Friday, August 7th. Raymond James Financial restated a "strong-buy" rating and set a $25.00 price target on shares of CTO Realty Growth in a research note on Monday, June 29th. Zacks Research cut CTO Realty Growth from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 31st. 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 price objective on the stock. Finally, Alliance Global Partners reiterated a "buy" rating on shares of CTO Realty Growth in a research report on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus 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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