539,900 Shares in CTO Realty Growth, Inc. $CTO Purchased by Miller Value Partners LLC

Miller Value Partners LLC purchased a new stake in CTO Realty Growth, Inc. (NYSE:CTO) in the second quarter, Holdings Channel.com reports. The firm purchased 539,900 shares of the company’s stock, valued at approximately $11,613,000. CTO Realty Growth accounts for about 2.7% of Miller Value Partners LLC’s investment portfolio, making the stock its 14th largest holding.

A number of other hedge funds have also recently bought and sold shares of the business. Jane Street Group LLC purchased a new position in shares of CTO Realty Growth during the 1st quarter valued at approximately $1,724,000. JPMorgan Chase & Co. boosted its stake in CTO Realty Growth by 64.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 163,158 shares of the company’s stock valued at $2,816,000 after acquiring an additional 63,926 shares during the last quarter. Rhumbline Advisers grew its holdings in CTO Realty Growth by 10.2% during the 2nd quarter. Rhumbline Advisers now owns 55,816 shares of the company’s stock worth $963,000 after acquiring an additional 5,167 shares in the last quarter. Invesco Ltd. increased its position in shares of CTO Realty Growth by 3.4% in the 2nd quarter. Invesco Ltd. now owns 522,721 shares of the company’s stock worth $9,022,000 after purchasing an additional 17,334 shares during the last quarter. Finally, Brown Advisory Inc. bought a new position in shares of CTO Realty Growth during the second quarter worth about $357,000. Institutional investors and hedge funds own 67.18% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on CTO. Weiss Ratings upgraded shares of CTO Realty Growth from a “hold (c+)” rating to a “buy (b)” rating in a research report on Friday, August 7th. Raymond James Financial reissued a “strong-buy” rating and issued a $25.00 target price 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. Alliance Global Partners reaffirmed a “buy” rating on shares of CTO Realty Growth in a report on Wednesday, July 29th. Finally, JonesTrading increased their price target on CTO Realty Growth from $23.00 to $24.00 and gave the stock a “buy” rating in a research report on Wednesday, July 29th. Two equities research analysts have rated the stock with a Strong Buy rating and five have given a Buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $24.50.

CTO Realty Growth Stock Down 0.3%

CTO Realty Growth stock opened at $21.94 on Wednesday. The company has a 50-day simple moving average of $21.68 and a 200-day simple moving average of $20.34. The firm has a market capitalization of $822.53 million, a P/E ratio of 16.13 and a beta of 0.60. The company has a debt-to-equity ratio of 0.99, a quick ratio of 8.69 and a current ratio of 8.69. CTO Realty Growth, Inc. has a one year low of $15.06 and a one year high of $22.71.

CTO Realty Growth (NYSE:CTO) last released its quarterly earnings data on Tuesday, July 28th. The company reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.28. The business had revenue of $43.83 million for the quarter, compared to analysts’ expectations of $42.31 million. CTO Realty Growth had a net margin of 32.63% and a return on equity of 8.90%. CTO Realty Growth has set its FY 2026 guidance at 2.210-2.250 EPS. As a group, equities analysts expect that CTO Realty Growth, Inc. will post 2.12 earnings per share for the current year.

CTO Realty Growth Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Thursday, September 10th will be issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 6.9%. The ex-dividend date of this dividend is Thursday, September 10th. CTO Realty Growth’s payout ratio is 111.76%.

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.