Man Group plc Makes New Investment in CTO Realty Growth, Inc. $CTO

Key Points

• Man Group plc acquired 379,354 shares of CTO Realty Growth during the second quarter, worth approximately $8.16 million and representing about 1.01% of the REIT. Institutional investors now own 67.18% of the company.
• CTO Realty Growth reported quarterly EPS of $0.38, beating the $0.10 analyst consensus, while revenue of $43.83 million also exceeded estimates. The company announced a $0.38 quarterly dividend, equivalent to a 7.1% annualized yield.
• Analysts remain bullish, with Cantor Fitzgerald raising its price target to $25 and the stock carrying an overall “Buy” rating with an average target of $24.50.

Man Group plc acquired a new stake in CTO Realty Growth, Inc. (NYSE:CTO - Free Report) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 379,354 shares of the company's stock, valued at approximately $8,160,000. Man Group plc owned about 1.01% of CTO Realty Growth at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of CTO. Miller Value Partners LLC bought a new stake in shares of CTO Realty Growth during the 2nd quarter worth about $11,613,000. Legal & General Group Plc bought a new position in CTO Realty Growth in the 2nd quarter valued at about $70,000. The Manufacturers Life Insurance Company bought a new position in CTO Realty Growth in the 2nd quarter valued at about $496,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in CTO Realty Growth during the second quarter worth approximately $690,000. Finally, Globeflex Capital L P acquired a new stake in CTO Realty Growth during the second quarter worth approximately $212,000. 67.18% of the stock is owned by institutional investors.

CTO Realty Growth Stock Up 0.5%

Shares of CTO opened at $21.54 on Friday. The firm has a 50 day simple moving average of $21.74 and a two-hundred day simple moving average of $20.39. 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, Inc. has a one year low of $15.06 and a one year high of $22.71. The company has a market cap of $807.53 million, a P/E ratio of 15.84 and a beta of 0.60.

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 for the quarter, beating 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 firm had revenue of $43.83 million for the quarter, compared to the consensus estimate of $42.31 million. CTO Realty Growth has set its FY 2026 guidance at 2.210-2.250 EPS. Research analysts forecast that CTO Realty Growth, Inc. will post 2.12 EPS for the current fiscal year.

CTO Realty Growth Dividend Announcement

The firm 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 of this dividend is Thursday, September 10th. This represents a $1.52 annualized dividend and a yield of 7.1%. CTO Realty Growth's dividend payout ratio (DPR) is 111.76%.

Analyst Upgrades and Downgrades

CTO has been the topic of several research reports. 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 research report on Monday, August 3rd. Zacks Research raised CTO Realty Growth from a "hold" rating to a "strong-buy" rating in a report on Tuesday, June 30th. Alliance Global Partners restated a "buy" rating on shares of CTO Realty Growth in a research note on Wednesday, July 29th. Raymond James Financial reaffirmed a "strong-buy" rating and issued a $25.00 price objective on shares of CTO Realty Growth in a report on Monday, June 29th. Finally, Weiss Ratings upgraded CTO Realty Growth from a "hold (c+)" rating to a "buy (b)" rating in a research report on Friday, August 7th. Two investment analysts have rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $24.50.

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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