CTO Realty Growth, Inc. (NYSE:CTO) Receives $22.00 Consensus PT from Brokerages

Shares of CTO Realty Growth, Inc. (NYSE:CTO) have received an average recommendation of “Moderate Buy” from the five brokerages that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $22.00.

Several research analysts have recently issued reports on the stock. Zacks Research downgraded shares of CTO Realty Growth from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 9th. Jones Trading reiterated a “buy” rating and issued a $21.00 target price on shares of CTO Realty Growth in a research note on Wednesday, October 29th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of CTO Realty Growth in a research report on Wednesday, October 8th.

Institutional Investors Weigh In On CTO Realty Growth

Large investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in shares of CTO Realty Growth by 3.4% during the 3rd quarter. Vanguard Group Inc. now owns 3,139,307 shares of the company’s stock worth $51,171,000 after buying an additional 102,630 shares during the period. Geode Capital Management LLC boosted its position in CTO Realty Growth by 5.6% in the second quarter. Geode Capital Management LLC now owns 769,177 shares of the company’s stock valued at $13,278,000 after buying an additional 40,694 shares in the last quarter. Invesco Ltd. grew its stake in CTO Realty Growth by 27.1% during the third quarter. Invesco Ltd. now owns 664,295 shares of the company’s stock worth $10,828,000 after buying an additional 141,574 shares during the last quarter. Cutler Capital Management LLC grew its stake in CTO Realty Growth by 234.6% during the second quarter. Cutler Capital Management LLC now owns 642,054 shares of the company’s stock worth $11,082,000 after buying an additional 450,162 shares during the last quarter. Finally, Grace & White Inc. NY increased its holdings in shares of CTO Realty Growth by 4.5% during the third quarter. Grace & White Inc. NY now owns 615,667 shares of the company’s stock worth $10,035,000 after buying an additional 26,296 shares in the last quarter. 67.18% of the stock is currently owned by institutional investors.

CTO Realty Growth Stock Performance

Shares of NYSE CTO opened at $17.78 on Friday. CTO Realty Growth has a 12 month low of $15.06 and a 12 month high of $20.88. The company has a market cap of $575.44 million, a P/E ratio of -13.78 and a beta of 0.64. The business’s 50 day moving average is $17.05 and its two-hundred day moving average is $17.09. The company has a quick ratio of 3.96, a current ratio of 3.96 and a debt-to-equity ratio of 1.08.

CTO Realty Growth (NYSE:CTO) last posted its quarterly earnings data on Tuesday, October 28th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.46). CTO Realty Growth had a negative net margin of 22.77% and a negative return on equity of 5.72%. The business had revenue of $34.62 million during the quarter, compared to the consensus estimate of $37.83 million. CTO Realty Growth has set its FY 2025 guidance at 1.840-1.87 EPS. On average, equities analysts expect that CTO Realty Growth will post 1.92 EPS for the current year.

CTO Realty Growth Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Thursday, December 11th will be paid a $0.38 dividend. The ex-dividend date of this dividend is Thursday, December 11th. This represents a $1.52 dividend on an annualized basis and a yield of 8.6%. CTO Realty Growth’s payout ratio is presently -117.83%.

CTO Realty Growth declared that its board has initiated a stock buyback program on Wednesday, September 24th that allows the company to repurchase $10.00 million in shares. This repurchase authorization allows the company to buy up to 1.9% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s leadership believes its stock is undervalued.

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.