Odyssean LLC Invests $1.08 Million in CTO Realty Growth, Inc. $CTO

Key Points

• Odyssean LLC acquired 50,314 shares of CTO Realty Growth during the second quarter, worth approximately $1.08 million. Institutional investors and hedge funds collectively own 67.18% of the REIT.
• Analyst sentiment is favorable, with CTO holding an overall “Buy” rating and an average price target of $24.50, above its reported share price of $21.71.
• CTO Realty Growth reported quarterly EPS of $0.38, exceeding the $0.10 consensus estimate, and announced a quarterly dividend of $0.38 per share, representing a 7.0% annualized yield.

Odyssean LLC acquired a new position in shares of CTO Realty Growth, Inc. (NYSE:CTO - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 50,314 shares of the company's stock, valued at approximately $1,082,000. Odyssean LLC owned 0.13% of CTO Realty Growth as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in CTO. Clearstead Advisors LLC lifted its stake in 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 purchasing an additional 1,250 shares in the last quarter. CIBC Private Wealth Group LLC acquired a new stake in shares of CTO Realty Growth in the third quarter valued at $37,000. Legal & General Group Plc purchased a new stake in shares of CTO Realty Growth in the 2nd quarter valued at $70,000. Tower Research Capital LLC TRC raised its holdings in shares of 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 buying an additional 1,245 shares during the period. Finally, Virtus Advisers LLC acquired a new position in CTO Realty Growth during the 2nd quarter worth about $120,000. Institutional investors and hedge funds own 67.18% of the company's stock.

Analyst Ratings Changes

Several equities analysts have weighed in on CTO shares. Zacks Research raised CTO Realty Growth from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, June 30th. Weiss Ratings raised shares of CTO Realty Growth from a "hold (c+)" rating to a "buy (b)" rating in a research report on Friday, August 7th. Raymond James Financial reissued a "strong-buy" rating and issued a $25.00 price objective on shares of CTO Realty Growth in a research note on Monday, June 29th. Cantor Fitzgerald lifted their price objective on shares of CTO Realty Growth from $23.00 to $25.00 and gave the company an "overweight" rating in a report on Monday, August 3rd. Finally, Huntington initiated coverage on shares of CTO Realty Growth in a research note on Tuesday, August 11th. They set an "outperform" rating and a $24.00 target price on the stock. Two equities research analysts have rated the stock with a Strong Buy rating and five have issued a Buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $24.50.

CTO Realty Growth Stock Down 1.1%

CTO stock opened at $21.71 on Thursday. The company's 50 day moving average price is $21.70 and its 200 day moving average price is $20.36. The firm has a market capitalization of $813.91 million, a price-to-earnings ratio of 15.96 and a beta of 0.60. 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 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 issued its quarterly 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 net margin of 32.63% and a return on equity of 8.90%. The company had revenue of $43.83 million during 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. On average, equities research analysts anticipate that CTO Realty Growth, Inc. will post 2.12 EPS for the current fiscal year.

CTO Realty Growth Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Thursday, September 10th will be issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 7.0%. The ex-dividend date of this dividend is Thursday, September 10th. CTO Realty Growth's dividend payout ratio is 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source