CTO Realty Growth, Inc. (NYSE:CTO) Sees Significant Decline in Short Interest

CTO Realty Growth, Inc. (NYSE:CTO) saw a large decrease in short interest in the month of January. As of January 15th, there was short interest totaling 1,150,884 shares, a decrease of 14.5% from the December 31st total of 1,345,535 shares. Based on an average daily volume of 255,820 shares, the days-to-cover ratio is currently 4.5 days. Approximately 3.7% of the company’s stock are sold short. Approximately 3.7% of the company’s stock are sold short. Based on an average daily volume of 255,820 shares, the days-to-cover ratio is currently 4.5 days.

Wall Street Analysts Forecast Growth

CTO has been the topic of a number of recent analyst reports. Zacks Research downgraded shares of CTO Realty Growth from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 9th. Weiss Ratings reissued a “sell (d+)” rating on shares of CTO Realty Growth in a report on Wednesday, January 21st. Finally, Jones Trading restated a “buy” rating and issued a $21.00 price target on shares of CTO Realty Growth in a research note on Wednesday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, CTO Realty Growth has an average rating of “Moderate Buy” and an average price target of $22.00.

Institutional Investors Weigh In On CTO Realty Growth

A number of institutional investors and hedge funds have recently modified their holdings of the company. CIBC Private Wealth Group LLC acquired a new position in shares of CTO Realty Growth during the 3rd quarter worth $37,000. Signaturefd LLC increased its holdings in CTO Realty Growth by 200.1% during the 4th quarter. Signaturefd LLC now owns 2,398 shares of the company’s stock valued at $44,000 after acquiring an additional 1,599 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in CTO Realty Growth by 51.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,654 shares of the company’s stock valued at $63,000 after acquiring an additional 1,245 shares in the last quarter. SG Americas Securities LLC acquired a new position in CTO Realty Growth during the fourth quarter worth about $112,000. Finally, Police & Firemen s Retirement System of New Jersey lifted its holdings in shares of CTO Realty Growth by 24.3% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 7,050 shares of the company’s stock valued at $122,000 after purchasing an additional 1,377 shares in the last quarter. Institutional investors and hedge funds own 67.18% of the company’s stock.

CTO Realty Growth Stock Down 0.2%

CTO opened at $17.74 on Tuesday. CTO Realty Growth has a 52 week low of $15.06 and a 52 week high of $20.88. The business has a 50 day moving average price of $18.06 and a two-hundred day moving average price of $17.15. The company has a quick ratio of 3.96, a current ratio of 3.96 and a debt-to-equity ratio of 1.08. The company has a market cap of $574.28 million, a PE ratio of -13.75 and a beta of 0.64.

CTO Realty Growth Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Thursday, December 11th were given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 8.6%. The ex-dividend date was Thursday, December 11th. CTO Realty Growth’s dividend payout ratio is presently -117.83%.

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.