CTO Realty Growth, Inc. (NYSE:CTO) Given Average Rating of “Moderate Buy” by Brokerages

CTO Realty Growth, Inc. (NYSE:CTO) has been given an average recommendation of “Moderate Buy” by the five brokerages that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, two have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $22.00.

A number of research firms have recently commented on CTO. Weiss Ratings reiterated a “sell (d+)” rating on shares of CTO Realty Growth in a report on Wednesday, October 8th. Jones Trading reiterated a “buy” rating and issued a $21.00 price target on shares of CTO Realty Growth in a research note on Wednesday, October 29th. Finally, Zacks Research downgraded shares of CTO Realty Growth from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 9th.

CTO Realty Growth Stock Down 1.7%

CTO Realty Growth stock opened at $18.17 on Tuesday. The firm has a market capitalization of $588.10 million, a P/E ratio of -14.08 and a beta of 0.64. The stock’s fifty day simple moving average is $17.83 and its 200-day simple moving average is $17.08. CTO Realty Growth has a twelve month low of $15.06 and a twelve month high of $20.88. The company has a current ratio of 3.96, a quick ratio of 3.96 and a debt-to-equity ratio of 1.08.

CTO Realty Growth (NYSE:CTO) last announced its quarterly earnings data on Tuesday, October 28th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.46). The firm had revenue of $34.62 million during the quarter, compared to analyst estimates of $37.83 million. CTO Realty Growth had a negative net margin of 22.77% and a negative return on equity of 5.72%. CTO Realty Growth has set its FY 2025 guidance at 1.840-1.87 EPS. As a group, equities analysts expect that CTO Realty Growth will post 1.92 earnings per share for the current fiscal year.

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

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 issued a dividend of $0.38 per share. The ex-dividend date of this dividend was Thursday, December 11th. This represents a $1.52 annualized dividend and a dividend yield of 8.4%. CTO Realty Growth’s dividend payout ratio (DPR) is presently -117.83%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in CTO. CIBC Private Wealth Group LLC purchased a new stake in CTO Realty Growth in the third quarter valued at approximately $37,000. Tower Research Capital LLC TRC increased its position in CTO Realty Growth by 51.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,654 shares of the company’s stock valued at $63,000 after acquiring an additional 1,245 shares during the period. SG Americas Securities LLC purchased a new stake in CTO Realty Growth during the 4th quarter valued at approximately $112,000. Police & Firemen s Retirement System of New Jersey grew its stake in shares of CTO Realty Growth by 24.3% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 7,050 shares of the company’s stock valued at $122,000 after purchasing an additional 1,377 shares during the last quarter. Finally, Wedbush Securities Inc. acquired a new position in shares of CTO Realty Growth in the third quarter valued at approximately $164,000. Institutional investors and hedge funds 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.