Man Group plc Purchases New Position in CTO Realty Growth, Inc. $CTO

Man Group plc acquired a new stake in CTO Realty Growth, Inc. (NYSE:CTO) in the 2nd quarter, HoldingsChannel.com reports. The fund acquired 379,354 shares of the company’s stock, valued at approximately $8,160,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Y Intercept Hong Kong Ltd bought a new stake in shares of CTO Realty Growth in the first quarter valued at about $1,953,000. Lazard Asset Management LLC bought a new stake in CTO Realty Growth in the 1st quarter valued at about $1,449,000. SummitTX Capital L.P. boosted its holdings in CTO Realty Growth by 56.5% in the 1st quarter. SummitTX Capital L.P. now owns 167,545 shares of the company’s stock valued at $3,098,000 after purchasing an additional 60,506 shares during the period. Pinnacle Wealth Management Advisory Group LLC acquired a new position in shares of CTO Realty Growth during the 4th quarter worth approximately $471,000. Finally, Vanguard Group Inc. increased its holdings in shares of CTO Realty Growth by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 3,166,067 shares of the company’s stock worth $58,287,000 after purchasing an additional 26,760 shares during the period. Institutional investors and hedge funds own 67.18% of the company’s stock.

CTO Realty Growth Stock Performance

Shares of CTO stock opened at $21.54 on Friday. The stock has a market capitalization of $807.53 million, a PE ratio of 15.84 and a beta of 0.60. The business’s 50 day simple moving average is $21.74 and its 200 day simple moving average is $20.39. The company has a debt-to-equity ratio of 0.99, a current ratio of 8.69 and a quick ratio of 8.69. CTO Realty Growth, Inc. has a one year low of $15.06 and a one year high of $22.71.

CTO Realty Growth (NYSE:CTO) last released its quarterly earnings results on Tuesday, July 28th. The company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.28. CTO Realty Growth had a net margin of 32.63% and a return on equity of 8.90%. The firm had revenue of $43.83 million during the quarter, compared to analyst estimates of $42.31 million. CTO Realty Growth has set its FY 2026 guidance at 2.210-2.250 EPS. As a group, research analysts forecast that CTO Realty Growth, Inc. will post 2.12 earnings per share for the current year.

CTO Realty Growth Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Thursday, September 10th will be issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 7.1%. The ex-dividend date is Thursday, September 10th. CTO Realty Growth’s dividend payout ratio (DPR) is presently 111.76%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on CTO shares. JonesTrading lifted their price objective on CTO Realty Growth from $23.00 to $24.00 and gave the company a “buy” rating in a report on Wednesday, July 29th. Weiss Ratings upgraded CTO Realty Growth from a “hold (c+)” rating to a “buy (b)” rating in a research note on Friday, August 7th. Zacks Research raised CTO Realty Growth from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 30th. Alliance Global Partners restated a “buy” rating on shares of CTO Realty Growth in a research report on Wednesday, July 29th. Finally, Huntington began coverage on CTO Realty Growth in a report on Tuesday, August 11th. They issued an “outperform” rating and a $24.00 target price for the company. Two equities research analysts have rated the stock with a Strong Buy rating and five have issued a Buy rating to the company. Based on data from MarketBeat, CTO Realty Growth currently has a consensus rating of “Buy” and a consensus price target of $24.50.

CTO Realty Growth 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.