Analysts Set CTO Realty Growth, Inc. (NYSE:CTO) Price Target at $22.00

CTO Realty Growth, Inc. (NYSE:CTO) has earned an average rating of “Moderate Buy” from the six research firms that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, one has given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $21.50.

Several research firms have weighed in on CTO. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of CTO Realty Growth in a report on Wednesday, January 21st. Cantor Fitzgerald started coverage on shares of CTO Realty Growth in a research report on Tuesday. They set an “overweight” rating and a $20.00 price target for the company. Jones Trading reiterated a “buy” rating and set a $21.00 price target on shares of CTO Realty Growth in a research report on Wednesday, October 29th. Finally, Zacks Research cut CTO Realty Growth from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 9th.

Institutional Investors Weigh In On CTO Realty Growth

Institutional investors have recently made changes to their positions in the company. CIBC Private Wealth Group LLC purchased a new position in CTO Realty Growth in the 3rd quarter worth approximately $37,000. Signaturefd LLC increased its holdings in shares of CTO Realty Growth by 200.1% in the 4th quarter. Signaturefd LLC now owns 2,398 shares of the company’s stock worth $44,000 after purchasing an additional 1,599 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in shares of CTO Realty Growth by 51.7% in the second quarter. Tower Research Capital LLC TRC now owns 3,654 shares of the company’s stock worth $63,000 after purchasing an additional 1,245 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of CTO Realty Growth during the fourth quarter valued at $112,000. Finally, Police & Firemen s Retirement System of New Jersey boosted its position 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 valued at $122,000 after buying an additional 1,377 shares during the last quarter. Hedge funds and other institutional investors own 67.18% of the company’s stock.

CTO Realty Growth Price Performance

Shares of NYSE CTO opened at $18.27 on Friday. The company has a market capitalization of $591.40 million, a PE ratio of -14.16 and a beta of 0.64. 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 fifty day simple moving average of $18.06 and a 200 day simple moving average of $17.16. CTO Realty Growth has a twelve month low of $15.06 and a twelve month high of $20.88.

CTO Realty Growth Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Thursday, December 11th were paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 8.3%. The ex-dividend date was Thursday, December 11th. CTO Realty Growth’s dividend payout ratio (DPR) is currently -117.83%.

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.