CTO Realty Growth (NYSE:CTO) Upgraded at Raymond James

Raymond James upgraded shares of CTO Realty Growth (NYSE:CTO) from an outperform rating to a strong-buy rating in a report issued on Wednesday, MarketBeat.com reports. They currently have $24.00 target price on the stock, up from their previous target price of $22.00.

Other equities research analysts have also issued research reports about the stock. Alliance Global Partners upgraded shares of CTO Realty Growth to a “strong-buy” rating in a report on Friday, July 26th. StockNews.com lowered CTO Realty Growth from a “hold” rating to a “sell” rating in a report on Monday, October 28th. One research analyst has rated the stock with a sell rating, two have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $21.00.

CTO Realty Growth Stock Performance

CTO opened at $19.38 on Wednesday. The company has a quick ratio of 3.96, a current ratio of 3.96 and a debt-to-equity ratio of 0.88. The firm has a market cap of $448.07 million, a PE ratio of 32.85 and a beta of 0.76. The business has a fifty day simple moving average of $19.17 and a 200-day simple moving average of $18.40. CTO Realty Growth has a fifty-two week low of $16.14 and a fifty-two week high of $21.15.

CTO Realty Growth (NYSE:CTO) last released its quarterly earnings results on Thursday, October 24th. The company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.27). The company had revenue of $31.81 million during the quarter, compared to analyst estimates of $30.15 million. CTO Realty Growth had a net margin of 17.10% and a return on equity of 4.04%. During the same quarter last year, the business earned $0.48 EPS. As a group, equities analysts predict that CTO Realty Growth will post 1.79 EPS for the current fiscal year.

CTO Realty Growth Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 12th were given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 7.84%. The ex-dividend date of this dividend was Thursday, September 12th. CTO Realty Growth’s payout ratio is presently 257.63%.

Insider Buying and Selling at CTO Realty Growth

In other CTO Realty Growth news, Director Christopher W. Haga sold 3,000 shares of CTO Realty Growth stock in a transaction on Monday, September 9th. The shares were sold at an average price of $19.45, for a total transaction of $58,350.00. Following the completion of the sale, the director now owns 44,988 shares of the company’s stock, valued at $875,016.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 5.30% of the company’s stock.

Institutional Investors Weigh In On CTO Realty Growth

A number of large investors have recently bought and sold shares of the business. Signaturefd LLC increased its holdings in shares of CTO Realty Growth by 45.4% during the 3rd quarter. Signaturefd LLC now owns 1,785 shares of the company’s stock valued at $34,000 after acquiring an additional 557 shares during the last quarter. Rhumbline Advisers boosted its holdings in shares of CTO Realty Growth by 1.3% during the 2nd quarter. Rhumbline Advisers now owns 45,665 shares of the company’s stock worth $797,000 after buying an additional 606 shares during the period. CWM LLC grew its stake in CTO Realty Growth by 17.5% in the 2nd quarter. CWM LLC now owns 4,527 shares of the company’s stock valued at $79,000 after buying an additional 673 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in CTO Realty Growth by 5.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 23,111 shares of the company’s stock worth $392,000 after acquiring an additional 1,156 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in shares of CTO Realty Growth by 0.4% in the second quarter. Dimensional Fund Advisors LP now owns 299,434 shares of the company’s stock valued at $5,228,000 after purchasing an additional 1,302 shares during the last quarter. 67.18% of the stock is currently owned by institutional investors.

CTO Realty Growth Company Profile

CTO Realty Growth, Inc is a publicly traded real estate investment trust that owns and operates a portfolio of high-quality, retail-based properties located primarily in higher growth markets in the United States. CTO also externally manages and owns a meaningful interest in Alpine Income Property Trust, Inc (NYSE: PINE), a publicly traded net lease REIT.