Jonestrading Cuts CTO Realty Growth (NYSE:CTO) Price Target to $19.00

CTO Realty Growth (NYSE:CTO) had its price target decreased by Jonestrading from $21.00 to $19.00 in a report published on Monday, Benzinga reports. Jonestrading currently has a buy rating on the stock.

Other analysts also recently issued research reports about the company. B. Riley reiterated a buy rating on shares of CTO Realty Growth in a research report on Friday, February 2nd. Alliance Global Partners began coverage on shares of CTO Realty Growth in a report on Monday, April 8th. They issued a buy rating and a $20.00 price target on the stock. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average price target of $19.33.

CTO Realty Growth Stock Performance

NYSE CTO opened at $17.32 on Monday. CTO Realty Growth has a 12-month low of $15.63 and a 12-month high of $18.03. The company’s 50 day moving average is $16.94 and its 200-day moving average is $16.85. The company has a quick ratio of 4.74, a current ratio of 4.74 and a debt-to-equity ratio of 1.17. The firm has a market cap of $397.38 million, a P/E ratio of 31.48 and a beta of 0.74.

CTO Realty Growth Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were paid a dividend of $0.38 per share. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 8.78%. CTO Realty Growth’s dividend payout ratio (DPR) is currently 276.37%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Heitman Real Estate Securities LLC raised its position in shares of CTO Realty Growth by 8.6% in the 4th quarter. Heitman Real Estate Securities LLC now owns 941,612 shares of the company’s stock worth $16,318,000 after acquiring an additional 74,939 shares in the last quarter. Grace & White Inc. NY raised its stake in shares of CTO Realty Growth by 11.7% in the first quarter. Grace & White Inc. NY now owns 601,439 shares of the company’s stock worth $10,194,000 after buying an additional 63,187 shares during the period. Russell Investments Group Ltd. raised its position in shares of CTO Realty Growth by 11.9% during the 1st quarter. Russell Investments Group Ltd. now owns 393,252 shares of the company’s stock valued at $6,666,000 after purchasing an additional 41,938 shares during the period. Ancora Advisors LLC grew its position in shares of CTO Realty Growth by 0.5% during the third quarter. Ancora Advisors LLC now owns 376,575 shares of the company’s stock worth $6,104,000 after purchasing an additional 1,926 shares in the last quarter. Finally, Brown Advisory Inc. grew its stake in CTO Realty Growth by 7.3% during the third quarter. Brown Advisory Inc. now owns 366,105 shares of the company’s stock valued at $5,935,000 after acquiring an additional 25,048 shares in the last quarter. 67.18% of the stock is owned by hedge funds and other institutional investors.

About CTO Realty Growth

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.