CTO Realty Growth (NYSE:CTO) Upgraded to “Strong-Buy” at Cantor Fitzgerald

by · The Markets Daily

Cantor Fitzgerald upgraded shares of CTO Realty Growth (NYSE:CTO – Free Report) to a strong-buy rating in a research report report published on Wednesday,Zacks.com reports.

Several other research analysts have also recently weighed in on CTO. Zacks Research cut shares of CTO Realty Growth from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 9th. Jones Trading reaffirmed a “buy” rating and issued a $21.00 target price on shares of CTO Realty Growth in a report on Wednesday, October 29th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of CTO Realty Growth in a research report on Wednesday, January 21st. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $21.50.

Check Out Our Latest Research Report on CTO

CTO Realty Growth Stock Performance

Shares of CTO Realty Growth stock opened at $18.27 on Wednesday. The company has a debt-to-equity ratio of 1.08, a quick ratio of 3.96 and a current ratio of 3.96. CTO Realty Growth has a 52 week low of $15.06 and a 52 week high of $20.88. The firm has a fifty day moving average of $18.06 and a two-hundred day moving average of $17.16. The stock has a market capitalization of $591.40 million, a price-to-earnings ratio of -14.16 and a beta of 0.64.

CTO Realty Growth Dividend Announcement

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

Institutional Investors Weigh In On CTO Realty Growth

Institutional investors have recently made changes to their positions in the stock. Geode Capital Management LLC raised its position in CTO Realty Growth by 5.6% in the 2nd quarter. Geode Capital Management LLC now owns 769,177 shares of the company’s stock worth $13,278,000 after purchasing an additional 40,694 shares during the period. Ingalls & Snyder LLC grew its stake in shares of CTO Realty Growth by 5.6% in the second quarter. Ingalls & Snyder LLC now owns 394,312 shares of the company’s stock worth $6,806,000 after purchasing an additional 20,774 shares during the last quarter. Los Angeles Capital Management LLC grew its position in shares of CTO Realty Growth by 72.9% in the 2nd quarter. Los Angeles Capital Management LLC now owns 150,590 shares of the company’s stock worth $2,599,000 after buying an additional 63,481 shares during the last quarter. Crossingbridge Advisors LLC boosted its holdings in CTO Realty Growth by 163.5% in the second quarter. Crossingbridge Advisors LLC now owns 105,390 shares of the company’s stock valued at $1,680,000 after acquiring an additional 65,390 shares in the last quarter. Finally, Cutler Capital Management LLC boosted its stake in shares of CTO Realty Growth by 234.6% during the 2nd quarter. Cutler Capital Management LLC now owns 642,054 shares of the company’s stock valued at $11,082,000 after purchasing an additional 450,162 shares in the last quarter. Institutional investors own 67.18% of the company’s stock.

About CTO Realty Growth

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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.

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