StockNews.com Downgrades CTO Realty Growth (NYSE:CTO) to Sell

CTO Realty Growth (NYSE:CTO) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Tuesday.

Separately, B. Riley reaffirmed a “buy” rating and set a $23.00 price target (up previously from $22.50) on shares of CTO Realty Growth in a research report on Wednesday, March 5th.

CTO Realty Growth Stock Down 1.4%

CTO stock opened at $17.71 on Tuesday. The company has a debt-to-equity ratio of 0.88, a current ratio of 3.96 and a quick ratio of 3.96. The stock has a market capitalization of $583.28 million, a price-to-earnings ratio of -80.50 and a beta of 0.76. The business’s fifty day moving average price is $18.30 and its two-hundred day moving average price is $19.24. CTO Realty Growth has a fifty-two week low of $16.12 and a fifty-two week high of $21.15.

CTO Realty Growth (NYSE:CTO) last issued its quarterly 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. CTO Realty Growth had a negative return on equity of 0.38% and a negative net margin of 1.58%. The company had revenue of $35.74 million for the quarter, compared to analysts’ expectations of $33.39 million. On average, equities analysts anticipate that CTO Realty Growth will post 1.92 earnings per share for the current year.

Hedge Funds Weigh In On CTO Realty Growth

Hedge funds have recently made changes to their positions in the business. Barclays PLC increased its holdings in CTO Realty Growth by 251.1% during the 3rd quarter. Barclays PLC now owns 55,911 shares of the company’s stock worth $1,063,000 after purchasing an additional 39,986 shares during the period. Franklin Resources Inc. raised its stake in shares of CTO Realty Growth by 9.8% during the 3rd quarter. Franklin Resources Inc. now owns 209,511 shares of the company’s stock valued at $3,972,000 after buying an additional 18,743 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of CTO Realty Growth by 4.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 63,683 shares of the company’s stock valued at $1,211,000 after purchasing an additional 2,500 shares in the last quarter. SG Americas Securities LLC increased its stake in CTO Realty Growth by 42.4% during the 4th quarter. SG Americas Securities LLC now owns 13,202 shares of the company’s stock worth $260,000 after buying an additional 3,933 shares in the last quarter. Finally, EMC Capital Management increased its stake in CTO Realty Growth by 448.8% during the 4th quarter. EMC Capital Management now owns 15,312 shares of the company’s stock worth $302,000 after buying an additional 12,522 shares in the last quarter. Institutional investors own 67.18% of the company’s stock.

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.