CTO Realty Growth (NYSE:CTO) Sets New 12-Month High – Still a Buy?

by · The Cerbat Gem

Shares of CTO Realty Growth, Inc. (NYSE:CTOGet Free Report) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $22.02 and last traded at $22.02, with a volume of 67619 shares. The stock had previously closed at $21.52.

Analyst Ratings Changes

Several brokerages have recently commented on CTO. Alliance Global Partners restated a “buy” rating on shares of CTO Realty Growth in a research report on Wednesday, April 29th. Raymond James Financial reissued a “strong-buy” rating and issued a $25.00 price target on shares of CTO Realty Growth in a report on Monday, June 29th. Zacks Research upgraded CTO Realty Growth from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 30th. Cantor Fitzgerald increased their price objective 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. Finally, Weiss Ratings upgraded shares of CTO Realty Growth from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, April 29th. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned 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.

Get Our Latest Research Report on CTO

CTO Realty Growth Price Performance

The firm has a market cap of $748.89 million, a P/E ratio of 105.48 and a beta of 0.60. The firm’s fifty day simple moving average is $20.80 and its 200 day simple moving average is $19.55. The company has a debt-to-equity ratio of 1.13, a quick ratio of 3.95 and a current ratio of 3.95.

CTO Realty Growth (NYSE:CTOGet Free Report) last issued 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 for the quarter, compared to analysts’ expectations 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, analysts forecast that CTO Realty Growth, Inc. will post 2.1 earnings per share for the current year.

CTO Realty Growth Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 11th were paid a $0.38 dividend. The ex-dividend date of this dividend was Thursday, June 11th. This represents a $1.52 dividend on an annualized basis and a yield of 6.9%. CTO Realty Growth’s payout ratio is presently 723.81%.

Institutional Trading of CTO Realty Growth

Several hedge funds have recently modified their holdings of the company. SummitTX Capital L.P. bought a new stake in shares of CTO Realty Growth in the 3rd quarter worth about $3,016,000. Invesco Ltd. grew its position in CTO Realty Growth by 27.1% in the third 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 in the first quarter worth about $1,953,000. Vanguard Group Inc. increased its stake in CTO Realty Growth by 3.4% during the third quarter. Vanguard Group Inc. now owns 3,139,307 shares of the company’s stock worth $51,171,000 after acquiring an additional 102,630 shares during the last quarter. Finally, FJ Capital Management LLC bought a new stake in CTO Realty Growth during the fourth quarter worth approximately $1,652,000. 67.18% of the stock is owned by hedge funds and other institutional investors.

About CTO Realty Growth

(Get Free Report)

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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