CTO Realty Growth (NYSE:CTO) Shares Down 0.4% – Time to Sell?

CTO Realty Growth, Inc. (NYSE:CTO)’s stock price was down 0.4% during trading on Friday . The stock traded as low as $18.01 and last traded at $18.3390. Approximately 262,031 shares were traded during trading, a decline of 11% from the average daily volume of 295,693 shares. The stock had previously closed at $18.41.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Jones Trading restated a “buy” rating and issued a $21.00 price objective on shares of CTO Realty Growth in a research note on Wednesday, October 29th. Weiss Ratings reissued a “sell (d+)” rating on shares of CTO Realty Growth in a research report on Wednesday, October 8th. Finally, Zacks Research downgraded CTO Realty Growth from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 9th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $22.00.

CTO Realty Growth Trading Down 0.4%

The business’s 50 day simple moving average is $17.66 and its 200 day simple moving average is $17.08. The company has a debt-to-equity ratio of 1.08, a current ratio of 3.96 and a quick ratio of 3.96. The company has a market capitalization of $593.63 million, a price-to-earnings ratio of -14.22 and a beta of 0.64.

CTO Realty Growth (NYSE:CTO) last released 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). The company had revenue of $34.62 million for the quarter, compared to analysts’ expectations of $37.83 million. CTO Realty Growth had a negative return on equity of 5.72% and a negative net margin of 22.77%.CTO Realty Growth has set its FY 2025 guidance at 1.840-1.87 EPS. Research analysts anticipate that CTO Realty Growth, Inc. will post 1.92 EPS for the current year.

CTO Realty Growth Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Thursday, December 11th were issued a $0.38 dividend. The ex-dividend date of this dividend was Thursday, December 11th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 8.3%. CTO Realty Growth’s payout ratio is presently -117.83%.

CTO Realty Growth declared that its board has initiated a share buyback plan on Wednesday, September 24th that authorizes the company to repurchase $10.00 million in outstanding shares. This repurchase authorization authorizes the company to reacquire up to 1.9% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

Hedge Funds Weigh In On CTO Realty Growth

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. CIBC Private Wealth Group LLC acquired a new position in CTO Realty Growth in the 3rd quarter valued at $37,000. Tower Research Capital LLC TRC increased its stake in shares of CTO Realty Growth by 51.7% during the second quarter. Tower Research Capital LLC TRC now owns 3,654 shares of the company’s stock worth $63,000 after acquiring an additional 1,245 shares during the period. Police & Firemen s Retirement System of New Jersey increased its stake in shares of CTO Realty Growth by 24.3% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 7,050 shares of the company’s stock worth $122,000 after acquiring an additional 1,377 shares during the period. Wedbush Securities Inc. purchased a new position in CTO Realty Growth during the third quarter worth about $164,000. Finally, Samalin Investment Counsel LLC acquired a new stake in CTO Realty Growth in the third quarter valued at about $165,000. 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.