Short Interest in CTO Realty Growth, Inc. (NYSE:CTO) Drops By 14.3%

CTO Realty Growth, Inc. (NYSE:CTO) was the recipient of a large decline in short interest during the month of January. As of January 30th, there was short interest totaling 986,033 shares, a decline of 14.3% from the January 15th total of 1,150,884 shares. Currently, 3.2% of the company’s shares are short sold. Based on an average daily volume of 238,324 shares, the days-to-cover ratio is presently 4.1 days. Based on an average daily volume of 238,324 shares, the days-to-cover ratio is presently 4.1 days. Currently, 3.2% of the company’s shares are short sold.

CTO Realty Growth Trading Down 0.7%

CTO Realty Growth stock traded down $0.13 during mid-day trading on Wednesday, hitting $19.02. 120,986 shares of the company’s stock were exchanged, compared to its average volume of 245,147. The company’s 50 day simple moving average is $18.18 and its 200-day simple moving average is $17.25. The company has a quick ratio of 3.96, a current ratio of 3.96 and a debt-to-equity ratio of 1.08. The firm has a market capitalization of $615.68 million, a P/E ratio of -14.75 and a beta of 0.64. CTO Realty Growth has a fifty-two week low of $15.06 and a fifty-two week high of $20.39.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. JonesTrading reiterated a “buy” rating and set a $21.00 price target on shares of CTO Realty Growth in a research report on Wednesday, October 29th. Zacks Research lowered shares of CTO Realty Growth from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 9th. Weiss Ratings upgraded shares of CTO Realty Growth from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, February 4th. Finally, Cantor Fitzgerald upgraded CTO Realty Growth to a “strong-buy” rating in a research report on Wednesday, February 4th. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, CTO Realty Growth has an average rating of “Buy” and an average price target of $21.50.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Cutler Capital Management LLC boosted its position in shares of 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 period. SummitTX Capital L.P. bought a new stake in CTO Realty Growth in the 3rd quarter valued at approximately $3,016,000. Crossingbridge Advisors LLC boosted its position in CTO Realty Growth by 154.4% during the 3rd quarter. Crossingbridge Advisors LLC now owns 268,079 shares of the company’s stock worth $4,273,000 after acquiring an additional 162,689 shares during the last quarter. Invesco Ltd. grew its stake 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 worth $10,828,000 after acquiring an additional 141,574 shares in the last quarter. Finally, Prevail Innovative Wealth Advisors LLC grew its stake in shares of CTO Realty Growth by 40.4% during the 3rd quarter. Prevail Innovative Wealth Advisors LLC now owns 360,108 shares of the company’s stock worth $5,870,000 after acquiring an additional 103,648 shares in the last quarter. Institutional investors own 67.18% of the company’s stock.

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.