CTO Realty Growth, Inc. (NYSE:CTO) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of CTO Realty Growth, Inc. (NYSE:CTO) have earned a consensus recommendation of “Moderate Buy” from the five analysts that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, one has given a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $22.00.

CTO has been the topic of several recent analyst reports. Weiss Ratings restated a “sell (d+)” rating on shares of CTO Realty Growth in a report on Wednesday, January 21st. Zacks Research cut shares of CTO Realty Growth from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 9th. Finally, Jones Trading reiterated a “buy” rating and set a $21.00 price objective on shares of CTO Realty Growth in a research note on Wednesday, October 29th.

CTO Realty Growth Trading Up 1.2%

NYSE:CTO opened at $17.74 on Friday. The stock has a market capitalization of $574.28 million, a price-to-earnings ratio of -13.75 and a beta of 0.64. CTO Realty Growth has a 52 week low of $15.06 and a 52 week high of $20.88. 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 50 day moving average of $18.06 and a 200 day moving average of $17.15.

CTO Realty Growth (NYSE:CTO) last issued its quarterly earnings results on Tuesday, October 28th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.46). CTO Realty Growth had a negative return on equity of 5.72% and a negative net margin of 22.77%.The business had revenue of $34.62 million for the quarter, compared to analyst estimates of $37.83 million. As a group, sell-side analysts anticipate that CTO Realty Growth will post 1.92 earnings per share for the current fiscal year.

CTO Realty Growth Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Thursday, December 11th were given a dividend of $0.38 per share. The ex-dividend date of this dividend was 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 currently -117.83%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Delta Investment Management LLC purchased a new stake in CTO Realty Growth in the fourth quarter valued at approximately $479,000. State of New Jersey Common Pension Fund D lifted its stake in CTO Realty Growth by 16.1% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 289,068 shares of the company’s stock valued at $5,322,000 after acquiring an additional 40,000 shares during the period. UBS Group AG boosted its holdings in shares of CTO Realty Growth by 2.5% in the 4th quarter. UBS Group AG now owns 182,653 shares of the company’s stock valued at $3,363,000 after acquiring an additional 4,454 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of CTO Realty Growth by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 3,166,067 shares of the company’s stock valued at $58,287,000 after acquiring an additional 26,760 shares during the last quarter. Finally, CWM LLC increased its stake in shares of CTO Realty Growth by 74.2% in the fourth quarter. CWM LLC now owns 10,633 shares of the company’s stock worth $196,000 after acquiring an additional 4,529 shares during the period. 67.18% of the stock is currently owned by hedge funds and other institutional investors.

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.