State of Wyoming acquired a new position in shares of CTO Realty Growth, Inc. (NYSE:CTO – Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 25,025 shares of the company’s stock, valued at approximately $538,000. State of Wyoming owned 0.07% of CTO Realty Growth at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently bought and sold shares of CTO. Clearstead Advisors LLC lifted its position in shares of CTO Realty Growth by 231.9% in the fourth quarter. Clearstead Advisors LLC now owns 1,789 shares of the company’s stock worth $33,000 after purchasing an additional 1,250 shares in the last quarter. CIBC Private Wealth Group LLC acquired a new position in CTO Realty Growth in the 3rd quarter valued at approximately $37,000. Tower Research Capital LLC TRC lifted its position in CTO Realty Growth by 51.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,654 shares of the company’s stock worth $63,000 after buying an additional 1,245 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in CTO Realty Growth by 127.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 7,080 shares of the company’s stock worth $130,000 after buying an additional 3,974 shares in the last quarter. Finally, First Trust Advisors LP acquired a new stake in shares of CTO Realty Growth during the 3rd quarter valued at $170,000. Hedge funds and other institutional investors own 67.18% of the company’s stock.
CTO Realty Growth Stock Down 0.5%
Shares of CTO stock opened at $21.90 on Tuesday. The stock’s 50 day simple moving average is $21.55 and its 200 day simple moving average is $20.16. 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 twelve month low of $15.06 and a twelve month high of $22.71. The company has a market capitalization of $821.03 million, a price-to-earnings ratio of 16.10 and a beta of 0.60.
CTO Realty Growth Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 11th were given a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 6.9%. The ex-dividend date of this dividend was Thursday, June 11th. CTO Realty Growth’s dividend payout ratio (DPR) is currently 111.76%.
Wall Street Analysts Forecast Growth
Several research firms have recently commented on CTO. Raymond James Financial restated a “strong-buy” rating and set a $25.00 price target on shares of CTO Realty Growth in a report on Monday, June 29th. Huntington began coverage on CTO Realty Growth in a report on Tuesday, August 11th. They set an “outperform” rating and a $24.00 price objective for the company. Zacks Research raised CTO Realty Growth from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 30th. Cantor Fitzgerald boosted their target price on CTO Realty Growth from $23.00 to $25.00 and gave the company an “overweight” rating in a research note on Monday, August 3rd. Finally, Alliance Global Partners reaffirmed a “buy” rating on shares of CTO Realty Growth in a research report on Wednesday, July 29th. Two analysts have rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $24.50.
Get Our Latest Stock Report on CTO
CTO Realty Growth Profile
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.
Further Reading
- Five stocks we like better than CTO Realty Growth
- Commodities Are Booming, But These 3 ETFs Tell Different Stories
- 3 Active ETFs Making Big Moves in August
- This ETF Is Outperforming by Avoiding the S&P 500’s Biggest Problem
- Birkenstock Beats the Skeptics—But Not on EPS
Want to see what other hedge funds are holding CTO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CTO Realty Growth, Inc. (NYSE:CTO – Free Report).
Receive News & Ratings for CTO Realty Growth Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CTO Realty Growth and related companies with MarketBeat.com's FREE daily email newsletter.
