CTO Realty Growth (NYSE:CTO) Price Target Cut to $19.00

CTO Realty Growth (NYSE:CTO) had its target price dropped by investment analysts at Jonestrading from $21.00 to $19.00 in a research report issued to clients and investors on Monday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Jonestrading’s price objective would suggest a potential upside of 10.21% from the stock’s current price.

A number of other research firms have also commented on CTO. B. Riley reissued a “buy” rating on shares of CTO Realty Growth in a research note on Friday, February 2nd. Alliance Global Partners began coverage on CTO Realty Growth in a report on Monday, April 8th. They issued a “buy” rating and a $20.00 price target for the company. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $19.33.

CTO Realty Growth Stock Performance

NYSE:CTO opened at $17.24 on Monday. The stock has a market capitalization of $395.66 million, a P/E ratio of 31.35 and a beta of 0.74. CTO Realty Growth has a 1 year low of $15.63 and a 1 year high of $18.03. The firm has a 50 day moving average of $16.94 and a 200-day moving average of $16.85. The company has a current ratio of 4.74, a quick ratio of 4.74 and a debt-to-equity ratio of 1.17.

Hedge Funds Weigh In On CTO Realty Growth

Several large investors have recently made changes to their positions in the company. SG Americas Securities LLC bought a new stake in CTO Realty Growth during the 3rd quarter worth about $151,000. Commonwealth Equity Services LLC grew its position in shares of CTO Realty Growth by 3.3% during the 3rd quarter. Commonwealth Equity Services LLC now owns 36,669 shares of the company’s stock worth $594,000 after buying an additional 1,165 shares during the period. Brown Advisory Inc. raised its stake in shares of CTO Realty Growth by 7.3% during the third quarter. Brown Advisory Inc. now owns 366,105 shares of the company’s stock worth $5,935,000 after buying an additional 25,048 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in CTO Realty Growth by 3.3% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 20,976 shares of the company’s stock valued at $340,000 after buying an additional 667 shares during the period. Finally, Boston Partners boosted its stake in CTO Realty Growth by 11.7% in the third quarter. Boston Partners now owns 38,154 shares of the company’s stock valued at $618,000 after acquiring an additional 4,011 shares during the last quarter. Institutional investors and hedge funds 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 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.