SummitTX Capital L.P. Acquires 60,506 Shares of CTO Realty Growth, Inc. $CTO

SummitTX Capital L.P. lifted its stake in shares of CTO Realty Growth, Inc. (NYSE:CTO) by 56.5% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 167,545 shares of the company’s stock after buying an additional 60,506 shares during the period. SummitTX Capital L.P.’s holdings in CTO Realty Growth were worth $3,098,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Invesco Ltd. lifted its position in shares of CTO Realty Growth by 27.1% during the 3rd quarter. Invesco Ltd. now owns 664,295 shares of the company’s stock valued at $10,828,000 after acquiring an additional 141,574 shares during the period. Y Intercept Hong Kong Ltd bought a new position in CTO Realty Growth during the first quarter worth $1,953,000. Vanguard Group Inc. boosted its stake in CTO Realty Growth by 3.4% during the third quarter. Vanguard Group Inc. now owns 3,139,307 shares of the company’s stock worth $51,171,000 after acquiring an additional 102,630 shares in the last quarter. FJ Capital Management LLC acquired a new stake in CTO Realty Growth in the fourth quarter worth $1,652,000. Finally, Jane Street Group LLC acquired a new stake in CTO Realty Growth in the first quarter worth $1,724,000. Institutional investors own 67.18% of the company’s stock.

CTO Realty Growth Stock Down 0.4%

Shares of NYSE CTO opened at $21.94 on Wednesday. The stock has a market capitalization of $741.03 million, a P/E ratio of 104.47 and a beta of 0.60. The company has a 50-day moving average price of $21.15 and a 200-day moving average price of $19.80. CTO Realty Growth, Inc. has a 1 year low of $15.06 and a 1 year high of $22.66. The company has a debt-to-equity ratio of 1.13, a current ratio of 3.95 and a quick ratio of 3.95.

CTO Realty Growth (NYSE:CTO) last posted its earnings results on Tuesday, July 28th. The company reported $0.38 EPS for the quarter, topping the consensus estimate of $0.10 by $0.28. CTO Realty Growth had a net margin of 9.06% and a return on equity of 2.47%. The company had revenue of $43.83 million during the quarter, compared to the consensus estimate of $42.31 million. CTO Realty Growth has set its FY 2026 guidance at 2.210-2.250 EPS. On average, equities research analysts forecast that CTO Realty Growth, Inc. will post 2.1 EPS for the current fiscal year.

CTO Realty Growth Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 11th were issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 6.9%. The ex-dividend date of this dividend was Thursday, June 11th. CTO Realty Growth’s payout ratio is currently 723.81%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CTO. Raymond James Financial reiterated a “strong-buy” rating and set a $25.00 price objective on shares of CTO Realty Growth in a report on Monday, June 29th. Alliance Global Partners restated a “buy” rating on shares of CTO Realty Growth in a research note on Wednesday, April 29th. Zacks Research raised CTO Realty Growth from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 30th. Weiss Ratings upgraded CTO Realty Growth from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, April 29th. Finally, JonesTrading raised their price objective on CTO Realty Growth from $21.00 to $23.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, CTO Realty Growth presently has an average rating of “Buy” and a consensus target price of $23.67.

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.