CTO Realty Growth, Inc. (NYSE:CTO) Stock Has Average Price Target of $24.50 According to Analysts

Shares of CTO Realty Growth, Inc. (NYSE:CTO) have been given a consensus recommendation of “Buy” by the seven ratings firms that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $24.50.

Several equities analysts have weighed in on CTO shares. Huntington began coverage on CTO Realty Growth in a report on Tuesday, August 11th. They set an “outperform” rating and a $24.00 target price on the stock. Zacks Research downgraded CTO Realty Growth from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 31st. Alliance Global Partners reissued a “buy” rating on shares of CTO Realty Growth in a report on Wednesday, July 29th. Cantor Fitzgerald increased their price objective on CTO Realty Growth from $23.00 to $25.00 and gave the company an “overweight” rating in a report on Monday, August 3rd. Finally, JonesTrading reissued a “buy” rating and issued a $24.00 price objective on shares of CTO Realty Growth in a research note on Thursday, October 1st.

CTO Realty Growth Stock Down 0.0%

Shares of CTO Realty Growth stock opened at $20.48 on Wednesday. The firm has a market cap of $767.98 million, a price-to-earnings ratio of 15.06 and a beta of 0.60. The stock has a 50-day simple moving average of $21.19 and a 200-day simple moving average of $20.74. CTO Realty Growth has a 52-week low of $15.25 and a 52-week 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) last announced its quarterly earnings results on Tuesday, July 28th. The company reported $0.38 EPS for the quarter, topping the consensus estimate of $0.10 by $0.28. The company had revenue of $43.83 million for the quarter, compared to analyst estimates of $42.31 million. CTO Realty Growth had a net margin of 32.63% and a return on equity of 8.90%. CTO Realty Growth has set its FY 2026 guidance at 2.210-2.250 EPS. On average, equities research analysts expect that CTO Realty Growth will post 2.12 earnings per share for the current fiscal year.

CTO Realty Growth Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Thursday, September 10th were issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 7.4%. The ex-dividend date was Thursday, September 10th. CTO Realty Growth’s payout ratio is 111.76%.

Hedge Funds Weigh In On CTO Realty Growth

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CTO. BlackRock Inc. bought a new stake in shares of CTO Realty Growth during the 2nd quarter worth $77,576,000. Miller Value Partners LLC acquired a new position in CTO Realty Growth in the 2nd quarter valued at $11,613,000. Dimensional Fund Advisors LP grew its stake in CTO Realty Growth by 6.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 443,746 shares of the company’s stock valued at $8,205,000 after buying an additional 24,989 shares during the last quarter. Man Group plc acquired a new position in CTO Realty Growth in the 2nd quarter valued at $8,160,000. Finally, Kennedy Capital Management LLC raised its holdings in CTO Realty Growth by 0.3% in the 4th quarter. Kennedy Capital Management LLC now owns 326,556 shares of the company’s stock worth $6,012,000 after acquiring an additional 1,069 shares during the period. Institutional investors and hedge funds own 67.18% of the company’s stock.

About CTO Realty Growth

CTO Realty Growth, Inc is a self-managed real estate investment trust (REIT) that owns, manages and develops income-producing commercial real estate. The company’s portfolio is primarily composed of open-air, necessity-based retail properties and other mixed-use assets leased to national, regional and local tenants.

CTO Realty Growth focuses on properties located in attractive markets with favorable demographic and economic characteristics. Its retail centers generally serve everyday consumer needs and may be anchored by grocery stores, home improvement retailers, discount stores or other high-traffic businesses.