Pinnacle Wealth Management Advisory Group LLC purchased a new position in shares of CTO Realty Growth, Inc. (NYSE:CTO – Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 25,570 shares of the company’s stock, valued at approximately $471,000. Pinnacle Wealth Management Advisory Group LLC owned about 0.08% of CTO Realty Growth at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. State of Alaska Department of Revenue boosted its position in CTO Realty Growth by 3.5% during the fourth quarter. State of Alaska Department of Revenue now owns 16,953 shares of the company’s stock worth $311,000 after acquiring an additional 575 shares during the last quarter. Somerset Trust Co boosted its position in CTO Realty Growth by 8.6% during the fourth quarter. Somerset Trust Co now owns 11,600 shares of the company’s stock worth $214,000 after acquiring an additional 922 shares during the last quarter. M&G PLC boosted its position in CTO Realty Growth by 8.2% during the third quarter. M&G PLC now owns 12,413 shares of the company’s stock worth $199,000 after acquiring an additional 940 shares during the last quarter. Sei Investments Co. boosted its position in CTO Realty Growth by 8.3% during the third quarter. Sei Investments Co. now owns 13,436 shares of the company’s stock worth $219,000 after acquiring an additional 1,032 shares during the last quarter. Finally, Creative Planning boosted its position in CTO Realty Growth by 9.6% during the third quarter. Creative Planning now owns 12,690 shares of the company’s stock worth $207,000 after acquiring an additional 1,107 shares during the last quarter. 67.18% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of equities analysts recently weighed in on CTO shares. JonesTrading boosted their price target on shares of CTO Realty Growth from $21.00 to $23.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Cantor Fitzgerald lifted their target price on shares of CTO Realty Growth from $22.00 to $23.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Alliance Global Partners reaffirmed a “buy” rating on shares of CTO Realty Growth in a research note on Wednesday, April 29th. Finally, Weiss Ratings raised shares of CTO Realty Growth from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $22.67.
CTO Realty Growth Price Performance
Shares of CTO stock opened at $20.55 on Wednesday. The company has a debt-to-equity ratio of 1.13, a current ratio of 3.95 and a quick ratio of 3.95. The firm’s 50-day moving average is $19.28 and its two-hundred day moving average is $18.31. CTO Realty Growth, Inc. has a 12 month low of $15.06 and a 12 month high of $20.67. The company has a market capitalization of $694.36 million, a PE ratio of 97.88 and a beta of 0.62.
CTO Realty Growth (NYSE:CTO – Get Free Report) last issued its earnings results on Tuesday, April 28th. The company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.11. CTO Realty Growth had a net margin of 9.06% and a return on equity of 2.47%. The company had revenue of $41.17 million for the quarter, compared to the consensus estimate of $38.89 million. CTO Realty Growth has set its FY 2026 guidance at 2.190-2.240 EPS. Analysts predict that CTO Realty Growth, Inc. will post 2.01 earnings per share for the current year.
CTO Realty Growth Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 12th were paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 7.4%. The ex-dividend date of this dividend was Thursday, March 12th. CTO Realty Growth’s payout ratio is 723.81%.
CTO Realty Growth 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.
Further Reading
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