CTO Realty Growth (NYSE:CTO) Earns “Buy” Rating from B. Riley

CTO Realty Growth (NYSE:CTO)‘s stock had its “buy” rating reiterated by stock analysts at B. Riley in a report released on Wednesday,Benzinga reports. They currently have a $23.00 price objective on the stock, up from their prior price objective of $22.50. B. Riley’s price objective would indicate a potential upside of 22.84% from the stock’s current price.

Separately, StockNews.com lowered CTO Realty Growth from a “hold” rating to a “sell” rating in a report on Saturday, March 1st. 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 stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $21.50.

CTO Realty Growth Trading Up 0.1 %

Shares of CTO opened at $18.72 on Wednesday. The firm has a market capitalization of $596.23 million, a P/E ratio of -85.11 and a beta of 0.77. The company has a current ratio of 3.96, a quick ratio of 3.96 and a debt-to-equity ratio of 0.88. The stock’s fifty day simple moving average is $19.61 and its 200 day simple moving average is $19.54. CTO Realty Growth has a twelve month low of $16.33 and a twelve month high of $21.15.

CTO Realty Growth (NYSE:CTO) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.01 by $0.48. The company had revenue of $35.74 million for the quarter, compared to analyst estimates of $33.39 million. CTO Realty Growth had a negative return on equity of 0.38% and a negative net margin of 1.58%. On average, equities research analysts forecast that CTO Realty Growth will post 1.92 earnings per share for the current year.

Institutional Trading of CTO Realty Growth

Several large investors have recently added to or reduced their stakes in CTO. Two Sigma Advisers LP raised its position in shares of CTO Realty Growth by 29.1% in the fourth quarter. Two Sigma Advisers LP now owns 509,701 shares of the company’s stock valued at $10,046,000 after purchasing an additional 115,000 shares during the period. Two Sigma Investments LP raised its position in CTO Realty Growth by 2.2% in the fourth quarter. Two Sigma Investments LP now owns 455,146 shares of the company’s stock worth $8,971,000 after purchasing an additional 9,709 shares in the last quarter. State of Wyoming lifted its stake in CTO Realty Growth by 72.7% during the fourth quarter. State of Wyoming now owns 19,039 shares of the company’s stock worth $375,000 after purchasing an additional 8,014 shares during the period. Point72 Asset Management L.P. raised its holdings in shares of CTO Realty Growth by 53.5% in the 4th quarter. Point72 Asset Management L.P. now owns 17,806 shares of the company’s stock worth $351,000 after buying an additional 6,206 shares in the last quarter. Finally, Man Group plc lifted its holdings in shares of CTO Realty Growth by 18.1% during the fourth quarter. Man Group plc now owns 59,382 shares of the company’s stock valued at $1,170,000 after acquiring an additional 9,116 shares during the period. 67.18% of the stock is 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.