CTO Realty Growth (NYSE:CTO) PT Lowered to $19.00

CTO Realty Growth (NYSE:CTO - Get Free Report) had its price target lowered by equities research analysts at Jonestrading from $21.00 to $19.00 in a note issued to investors on Monday, Benzinga reports. The brokerage presently has a "buy" rating on the stock. Jonestrading's target price would suggest a potential upside of 12.00% from the stock's current price.

Several other brokerages have also issued reports on CTO. Alliance Global Partners assumed coverage on CTO Realty Growth in a research note on Monday, April 8th. They set a "buy" rating and a $20.00 price target for the company. B. Riley restated a "buy" rating on shares of CTO Realty Growth in a report on Friday, February 2nd. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $19.33.

CTO Realty Growth Stock Down 0.3 %

NYSE:CTO traded down $0.05 during midday trading on Monday, hitting $16.97. 161,206 shares of the company were exchanged, compared to its average volume of 129,131. The company has a fifty day simple moving average of $16.94 and a 200 day simple moving average of $16.83. CTO Realty Growth has a fifty-two week low of $15.63 and a fifty-two week high of $18.03. The company has a current ratio of 4.74, a quick ratio of 4.74 and a debt-to-equity ratio of 1.17. The company has a market capitalization of $389.28 million, a PE ratio of 30.85 and a beta of 0.74.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. State of New Jersey Common Pension Fund D raised its position in shares of CTO Realty Growth by 8.6% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 190,000 shares of the company's stock worth $3,293,000 after buying an additional 15,000 shares in the last quarter. Ancora Advisors LLC grew its position in CTO Realty Growth by 0.5% during the third quarter. Ancora Advisors LLC now owns 376,575 shares of the company's stock valued at $6,104,000 after acquiring an additional 1,926 shares during the last quarter. Asset Management One Co. Ltd. grew its position in CTO Realty Growth by 41.8% during the 4th quarter. Asset Management One Co. Ltd. now owns 43,925 shares of the company's stock valued at $774,000 after purchasing an additional 12,956 shares during the last quarter. Penserra Capital Management LLC lifted its position in shares of CTO Realty Growth by 14.5% in the third quarter. Penserra Capital Management LLC now owns 29,364 shares of the company's stock worth $475,000 after buying an additional 3,710 shares in the last quarter. Finally, Quadrature Capital Ltd purchased a new position in CTO Realty Growth during the third quarter valued at approximately $260,000. Hedge funds and other institutional investors own 67.18% of the company's stock.

About CTO Realty Growth

CTO Realty Growth, Inc is a publicly traded real estate investment trust that owns and operates a portfolio of high-quality, retail-based properties located primarily in higher growth markets in the United States. CTO also externally manages and owns a meaningful interest in Alpine Income Property Trust, Inc NYSE: PINE, a publicly traded net lease REIT.