CTO Realty Growth (NYSE:CTO) Stock Rating Upgraded by StockNews.com

CTO Realty Growth (NYSE:CTO) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Friday.

Separately, Raymond James raised shares of CTO Realty Growth from an “outperform” rating to a “strong-buy” rating and raised their price target for the stock from $22.00 to $24.00 in a report on Wednesday, October 30th.

CTO Realty Growth Trading Down 5.8 %

NYSE CTO opened at $19.04 on Friday. The company has a fifty day simple moving average of $19.74 and a two-hundred day simple moving average of $19.57. The stock has a market cap of $570.67 million, a P/E ratio of -86.52 and a beta of 0.78. CTO Realty Growth has a 12-month low of $16.33 and a 12-month high of $21.15. The company has a current ratio of 3.96, a quick ratio of 3.96 and a debt-to-equity ratio of 0.88.

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

Institutional Trading of CTO Realty Growth

Hedge funds and other institutional investors have recently made changes to their positions in the business. Signaturefd LLC increased its stake in shares of CTO Realty Growth by 45.4% in the third quarter. Signaturefd LLC now owns 1,785 shares of the company’s stock worth $34,000 after acquiring an additional 557 shares during the period. Summit Investment Advisors Inc. increased its stake in shares of CTO Realty Growth by 39.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 3,020 shares of the company’s stock worth $60,000 after acquiring an additional 852 shares during the period. NewEdge Advisors LLC increased its stake in shares of CTO Realty Growth by 300.0% in the fourth quarter. NewEdge Advisors LLC now owns 4,000 shares of the company’s stock worth $79,000 after acquiring an additional 3,000 shares during the period. Point72 DIFC Ltd acquired a new stake in shares of CTO Realty Growth in the third quarter worth $94,000. Finally, CWM LLC increased its stake in shares of CTO Realty Growth by 65.6% in the third quarter. CWM LLC now owns 7,497 shares of the company’s stock worth $143,000 after acquiring an additional 2,970 shares during the period. Institutional investors and hedge funds own 67.18% of the company’s stock.

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.