CTO Realty Growth (NYSE:CTO) Rating Increased to Hold at StockNews.com

CTO Realty Growth (NYSE:CTO) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a report released on Friday.

Separately, Raymond James raised CTO Realty Growth from an “outperform” rating to a “strong-buy” rating and lifted their target price for the company from $22.00 to $24.00 in a research report on Wednesday, October 30th.

CTO Realty Growth Trading Down 5.8 %

CTO stock traded down $1.18 during trading on Friday, hitting $19.04. The company had a trading volume of 837,375 shares, compared to its average volume of 258,626. CTO Realty Growth has a 52-week low of $16.33 and a 52-week high of $21.15. The company has a 50 day simple moving average of $19.74 and a 200-day simple moving average of $19.57. The firm has a market capitalization of $570.59 million, a P/E ratio of 32.26 and a beta of 0.78. The company has a quick ratio of 3.96, a current ratio of 3.96 and a debt-to-equity ratio of 0.88.

CTO Realty Growth (NYSE:CTO) last issued its earnings results on Thursday, February 20th. The company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.48. The business had revenue of $35.74 million for the quarter, compared to analyst estimates of $33.39 million. CTO Realty Growth had a net margin of 17.10% and a return on equity of 4.04%. As a group, research analysts forecast that CTO Realty Growth will post 1.81 earnings per share for the current fiscal year.

Hedge Funds Weigh In On CTO Realty Growth

Institutional investors have recently bought and sold shares of the business. Signaturefd LLC lifted its holdings in CTO Realty Growth by 45.4% during the third quarter. Signaturefd LLC now owns 1,785 shares of the company’s stock worth $34,000 after buying an additional 557 shares during the period. Summit Investment Advisors Inc. raised its position in shares of CTO Realty Growth by 39.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 3,020 shares of the company’s stock worth $60,000 after acquiring an additional 852 shares in the last quarter. NewEdge Advisors LLC lifted its stake in shares of CTO Realty Growth by 300.0% during the 4th quarter. NewEdge Advisors LLC now owns 4,000 shares of the company’s stock worth $79,000 after purchasing an additional 3,000 shares during the last quarter. Point72 DIFC Ltd bought a new stake in CTO Realty Growth during the third quarter valued at about $94,000. Finally, CWM LLC grew its stake in CTO Realty Growth by 65.6% in the third quarter. CWM LLC now owns 7,497 shares of the company’s stock valued at $143,000 after purchasing an additional 2,970 shares during the last quarter. 67.18% of the stock is owned by hedge funds and other institutional investors.

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.