CTO Realty Growth, Inc. (NYSE:CTO) Stock Has Consensus Price Target of $24.50 According to Analysts

Shares of CTO Realty Growth, Inc. (NYSE:CTO) have been assigned an average rating of “Buy” from the seven research firms that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $24.50.

CTO has been the subject of several research analyst reports. Alliance Global Partners restated a “buy” rating on shares of CTO Realty Growth in a research report on Wednesday, July 29th. Cantor Fitzgerald boosted their target price on CTO Realty Growth from $23.00 to $25.00 and gave the stock an “overweight” rating in a research note on Monday, August 3rd. Raymond James Financial restated a “strong-buy” rating and set a $25.00 target price on shares of CTO Realty Growth in a research note on Monday, June 29th. Huntington initiated coverage on shares of CTO Realty Growth in a research report on Tuesday, August 11th. They issued an “outperform” rating and a $24.00 price objective on the stock. Finally, JonesTrading restated a “buy” rating and issued a $24.00 price target on shares of CTO Realty Growth in a research note on Thursday, October 1st.

CTO Realty Growth Stock Performance

CTO Realty Growth stock opened at $20.48 on Wednesday. The firm has a 50 day simple moving average of $21.19 and a 200-day simple moving average of $20.72. The stock has a market cap of $767.98 million, a price-to-earnings ratio of 15.06 and a beta of 0.60. The company has a debt-to-equity ratio of 0.99, a current ratio of 8.69 and a quick ratio of 8.69. CTO Realty Growth has a 1-year low of $15.25 and a 1-year high of $22.71.

CTO Realty Growth (NYSE:CTO) last announced its quarterly earnings results on Tuesday, July 28th. The company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.10 by $0.28. The business had revenue of $43.83 million for the quarter, compared to analyst estimates of $42.31 million. CTO Realty Growth had a return on equity of 8.90% and a net margin of 32.63%. CTO Realty Growth has set its FY 2026 guidance at 2.210-2.250 EPS. On average, analysts expect that CTO Realty Growth will post 2.12 EPS for the current year.

CTO Realty Growth Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Thursday, September 10th were paid a dividend of $0.38 per share. The ex-dividend date was Thursday, September 10th. This represents a $1.52 annualized dividend and a yield of 7.4%. CTO Realty Growth’s payout ratio is presently 111.76%.

Institutional Trading of CTO Realty Growth

Several institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC grew its position in shares of CTO Realty Growth by 29.9% in the 3rd quarter. GAMMA Investing LLC now owns 2,868 shares of the company’s stock valued at $59,000 after buying an additional 660 shares during the last quarter. Sequoia Financial Advisors LLC grew its holdings in shares of CTO Realty Growth by 112.8% during the second quarter. Sequoia Financial Advisors LLC now owns 22,139 shares of the company’s stock worth $476,000 after purchasing an additional 11,733 shares during the last quarter. Engineers Gate Manager LP increased its position in shares of CTO Realty Growth by 63.4% during the second quarter. Engineers Gate Manager LP now owns 30,711 shares of the company’s stock worth $661,000 after purchasing an additional 11,911 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new stake in shares of CTO Realty Growth in the 2nd quarter valued at about $101,000. Finally, HighTower Advisors LLC boosted its position in shares of CTO Realty Growth by 33.1% in the 2nd quarter. HighTower Advisors LLC now owns 60,538 shares of the company’s stock valued at $1,302,000 after purchasing an additional 15,049 shares during the period. Hedge funds and other institutional investors own 67.18% of the company’s stock.

About CTO Realty Growth

CTO Realty Growth, Inc is a self-managed real estate investment trust (REIT) that owns, manages and develops income-producing commercial real estate. The company’s portfolio is primarily composed of open-air, necessity-based retail properties and other mixed-use assets leased to national, regional and local tenants.

CTO Realty Growth focuses on properties located in attractive markets with favorable demographic and economic characteristics. Its retail centers generally serve everyday consumer needs and may be anchored by grocery stores, home improvement retailers, discount stores or other high-traffic businesses.