BlackRock Inc. Acquires New Stake in CTO Realty Growth, Inc. $CTO

Key Points

• BlackRock acquired 3.61 million shares of CTO Realty Growth in the second quarter, valued at approximately $77.6 million and representing a 9.62% stake. Institutional investors and hedge funds collectively own 67.18% of the REIT.
• Analysts remain bullish on CTO, with multiple firms issuing Buy or Strong Buy ratings. The stock has a consensus price target of $24.50, above its reported price of $21.54.
• CTO reported quarterly EPS of $0.38, significantly exceeding the $0.10 consensus estimate, and announced a quarterly dividend of $0.38 per share. The dividend equates to a 7.1% annualized yield, though its 111.76% payout ratio exceeds earnings.

BlackRock Inc. bought a new stake in CTO Realty Growth, Inc. (NYSE:CTO - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 3,606,519 shares of the company's stock, valued at approximately $77,576,000. BlackRock Inc. owned approximately 9.62% of CTO Realty Growth as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in CTO. Y Intercept Hong Kong Ltd purchased a new stake in shares of CTO Realty Growth in the first quarter valued at approximately $1,953,000. Lazard Asset Management LLC purchased a new stake in shares of CTO Realty Growth during the 1st quarter worth $1,449,000. SummitTX Capital L.P. boosted its position in shares of CTO Realty Growth by 56.5% during the 1st quarter. SummitTX Capital L.P. now owns 167,545 shares of the company's stock worth $3,098,000 after purchasing an additional 60,506 shares in the last quarter. Pinnacle Wealth Management Advisory Group LLC acquired a new position in shares of CTO Realty Growth during the 4th quarter worth $471,000. Finally, Vanguard Group Inc. increased its holdings in shares of CTO Realty Growth by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 3,166,067 shares of the company's stock valued at $58,287,000 after purchasing an additional 26,760 shares in the last quarter. 67.18% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on CTO shares. Zacks Research upgraded CTO Realty Growth from a "hold" rating to a "strong-buy" rating in a report on Tuesday, June 30th. Weiss Ratings raised CTO Realty Growth from a "hold (c+)" rating to a "buy (b)" rating in a report on Friday, August 7th. JonesTrading boosted their target price on CTO Realty Growth from $23.00 to $24.00 and gave the stock a "buy" rating in a research report on Wednesday, July 29th. Cantor Fitzgerald upped their target price on CTO Realty Growth from $23.00 to $25.00 and gave the company an "overweight" rating in a report on Monday, August 3rd. Finally, Alliance Global Partners reaffirmed a "buy" rating on shares of CTO Realty Growth in a research note on Wednesday, July 29th. Two equities research analysts have rated the stock with a Strong Buy rating and five have issued a Buy rating to the company. According to data from MarketBeat, CTO Realty Growth has an average rating of "Buy" and a consensus target price of $24.50.

CTO Realty Growth Stock Performance

NYSE:CTO opened at $21.54 on Monday. The company has a market cap of $807.53 million, a P/E ratio of 15.84 and a beta of 0.60. The firm's 50 day moving average is $21.74 and its two-hundred day moving average is $20.40. CTO Realty Growth, Inc. has a fifty-two week low of $15.06 and a fifty-two week high of $22.71. 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 issued its earnings results on Tuesday, July 28th. The company reported $0.38 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.10 by $0.28. CTO Realty Growth had a return on equity of 8.90% and a net margin of 32.63%.The business had revenue of $43.83 million during 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. Analysts expect that CTO Realty Growth, Inc. will post 2.12 EPS for the current year.

CTO Realty Growth Dividend Announcement

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

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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