CTO Realty Growth (NYSE:CTO) Shares Gap Up – What’s Next?

Shares of CTO Realty Growth, Inc. (NYSE:CTO) gapped up prior to trading on Friday . The stock had previously closed at $21.52, but opened at $22.36. CTO Realty Growth shares last traded at $22.4670, with a volume of 15,695 shares traded.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Weiss Ratings raised CTO Realty Growth from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, April 29th. JonesTrading raised their price target on CTO Realty Growth from $21.00 to $23.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Cantor Fitzgerald lifted their price target on shares of CTO Realty Growth from $22.00 to $23.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Zacks Research raised shares of CTO Realty Growth from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 30th. Finally, Raymond James Financial restated a “strong-buy” rating and issued a $25.00 price objective on shares of CTO Realty Growth in a report on Monday, June 29th. Two research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $23.67.

CTO Realty Growth Stock Performance

The company has a 50-day simple moving average of $20.84 and a two-hundred day simple moving average of $19.58. The company has a debt-to-equity ratio of 1.13, a quick ratio of 3.95 and a current ratio of 3.95. The firm has a market capitalization of $758.36 million, a P/E ratio of 106.93 and a beta of 0.60.

CTO Realty Growth (NYSE:CTO) last announced its earnings results on Tuesday, April 28th. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.11. The firm had revenue of $41.17 million during the quarter, compared to analyst estimates of $38.89 million. CTO Realty Growth had a return on equity of 2.47% and a net margin of 9.06%.CTO Realty Growth has set its FY 2026 guidance at 2.190-2.240 EPS. As a group, equities analysts forecast that CTO Realty Growth, Inc. will post 2.1 EPS for the current year.

CTO Realty Growth Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 11th were paid a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 6.8%. The ex-dividend date of this dividend was Thursday, June 11th. CTO Realty Growth’s dividend payout ratio is presently 723.81%.

Hedge Funds Weigh In On CTO Realty Growth

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. SummitTX Capital L.P. bought a new stake in shares of CTO Realty Growth during the 3rd quarter valued at $3,016,000. Invesco Ltd. increased its stake in shares of CTO Realty Growth by 27.1% in the 3rd quarter. Invesco Ltd. now owns 664,295 shares of the company’s stock worth $10,828,000 after acquiring an additional 141,574 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new position in CTO Realty Growth during the 1st quarter valued at about $1,953,000. Vanguard Group Inc. lifted its position in CTO Realty Growth by 3.4% during the 3rd quarter. Vanguard Group Inc. now owns 3,139,307 shares of the company’s stock valued at $51,171,000 after acquiring an additional 102,630 shares during the period. Finally, FJ Capital Management LLC bought a new stake in CTO Realty Growth during the fourth quarter worth about $1,652,000. Hedge funds and other institutional investors own 67.18% of the company’s stock.

About CTO Realty Growth

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.