Raymond James Lowers CTO Realty Growth (NYSE:CTO) Price Target to $22.00

CTO Realty Growth (NYSE:CTO - Get Free Report) had its target price dropped by equities researchers at Raymond James from $24.00 to $22.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has a "strong-buy" rating on the stock. Raymond James' price target indicates a potential upside of 20.02% from the stock's previous close.

Several other analysts also recently commented on the company. Wall Street Zen downgraded CTO Realty Growth from a "hold" rating to a "sell" rating in a research note on Tuesday, May 13th. B. Riley reiterated a "buy" rating and set a $23.00 price objective (up previously from $22.50) on shares of CTO Realty Growth in a report on Wednesday, March 5th.

CTO Realty Growth Trading Up 0.4%

Shares of CTO stock traded up $0.07 on Friday, reaching $18.33. The company had a trading volume of 63,457 shares, compared to its average volume of 347,937. The stock has a market cap of $603.70 million, a PE ratio of -83.36 and a beta of 0.76. The company has a 50-day moving average of $18.17 and a 200-day moving average of $19.14. The company has a current ratio of 3.96, a quick ratio of 3.96 and a debt-to-equity ratio of 0.88. CTO Realty Growth has a 12 month low of $16.12 and a 12 month high of $21.15.

CTO Realty Growth (NYSE:CTO - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.01 by $0.48. The firm had revenue of $35.74 million during the quarter, compared to analysts' expectations of $33.39 million. CTO Realty Growth had a negative net margin of 1.58% and a negative return on equity of 0.38%. On average, equities analysts forecast that CTO Realty Growth will post 1.92 earnings per share for the current year.

Hedge Funds Weigh In On CTO Realty Growth

A number of large investors have recently added to or reduced their stakes in CTO. Summit Investment Advisors Inc. boosted its position in shares of CTO Realty Growth by 39.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 3,020 shares of the company's stock worth $60,000 after buying an additional 852 shares during the period. Principal Financial Group Inc. grew its stake in shares of CTO Realty Growth by 5.7% during the 1st quarter. Principal Financial Group Inc. now owns 15,998 shares of the company's stock worth $309,000 after acquiring an additional 859 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of CTO Realty Growth by 4.7% during the 4th quarter. The Manufacturers Life Insurance Company now owns 22,290 shares of the company's stock worth $439,000 after acquiring an additional 993 shares in the last quarter. Resona Asset Management Co. Ltd. raised its holdings in shares of CTO Realty Growth by 9.7% in the first quarter. Resona Asset Management Co. Ltd. now owns 11,435 shares of the company's stock valued at $221,000 after purchasing an additional 1,011 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in shares of CTO Realty Growth by 9.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 12,908 shares of the company's stock worth $254,000 after purchasing an additional 1,159 shares in the last quarter. Institutional investors own 67.18% of the company's stock.

CTO Realty Growth Company Profile

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.