CTO Realty Growth (NYSE:CTO) Stock Picked Up by Analysts at Huntington Sec

Investment analysts at Huntington Sec began coverage on shares of CTO Realty Growth (NYSE:CTO – Get Free Report) in a research note issued on Tuesday, Zacks reports. The firm set a “strong-buy” rating on the stock.

Other equities research analysts have also recently issued research reports about the company. Cantor Fitzgerald boosted their target price on CTO Realty Growth from $23.00 to $25.00 and gave the company an “overweight” rating in a research note on Monday, August 3rd. JonesTrading reaffirmed a “buy” rating and set a $24.00 price target on shares of CTO Realty Growth in a research note on Thursday, October 1st. Zacks Research downgraded shares of CTO Realty Growth from a “strong-buy” rating to a “hold” rating in a report on Monday, August 31st. Weiss Ratings downgraded shares of CTO Realty Growth from a “buy (b-)” rating to a “hold (c)” rating in a report on Wednesday. Finally, Raymond James Financial reissued a “strong-buy” rating and issued a $25.00 price objective on shares of CTO Realty Growth in a research report on Monday, June 29th. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, CTO Realty Growth presently has a consensus rating of “Buy” and a consensus target price of $24.50.

Check Out Our Latest Stock Analysis on CTO

CTO Realty Growth Stock Performance

CTO opened at $19.02 on Tuesday. The company has a market capitalization of $713.15 million, a price-to-earnings ratio of 13.99 and a beta of 0.60. The business’s 50-day moving average price is $20.75 and its two-hundred day moving average price is $20.20. CTO Realty Growth has a 1 year low of $16.38 and a 1 year high of $22.71. 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 (NYSE:CTO – Get Free Report) last posted its quarterly earnings data on Tuesday, October 27th. The company reported ($0.19) earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.39). The firm had revenue of $46.91 million for the quarter, compared to analyst estimates of $45.21 million. CTO Realty Growth had a return on equity of 8.90% and a net margin of 32.63%. Equities analysts expect that CTO Realty Growth will post 2.12 EPS for the current fiscal year.

Institutional Trading of CTO Realty Growth

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Lazard Asset Management LLC acquired a new position in CTO Realty Growth during the first quarter worth $1,449,000. Bank of New York Mellon Corp bought a new stake in CTO Realty Growth during the second quarter worth $3,691,000. Public Employees Retirement System of Ohio acquired a new stake in CTO Realty Growth in the second quarter valued at $1,240,000. Y Intercept Hong Kong Ltd acquired a new stake in CTO Realty Growth in the first quarter valued at $1,953,000. Finally, Odyssean LLC acquired a new stake in CTO Realty Growth in the second quarter valued at $1,082,000. Institutional investors own 67.18% of the company’s stock.

More CTO Realty Growth News

Here are the key news stories impacting CTO Realty Growth this week:

CTO Realty Growth Company Profile

(Get Free Report)

CTO Realty Growth, Inc is an internally managed real estate investment trust (REIT) that owns, manages and invests in income-producing commercial real estate. The company’s portfolio is focused primarily on open-air shopping centers and other retail properties, including locations anchored by grocery stores, home-improvement retailers and other necessity-based tenants.

The company also makes structured investments in commercial real estate and may pursue additional property investments in select markets.

Further Reading

Analyst Recommendations for CTO Realty Growth (NYSE:CTO)

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