CTO Realty Growth (NYSE:CTO) PT Lowered to $19.00 at Jonestrading

CTO Realty Growth (NYSE:CTO) had its price objective cut by Jonestrading from $21.00 to $19.00 in a report published on Monday, Benzinga reports. They currently have a buy rating on the stock.

A number of other research analysts have also weighed in on the company. Alliance Global Partners initiated coverage on CTO Realty Growth in a research report on Monday, April 8th. They set a buy rating and a $20.00 price objective for the company. B. Riley reaffirmed a buy rating on shares of CTO Realty Growth in a research note on Friday, February 2nd. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of Moderate Buy and an average target price of $19.33.

CTO Realty Growth Trading Up 0.4 %

CTO Realty Growth stock opened at $17.32 on Monday. CTO Realty Growth has a 12-month low of $15.63 and a 12-month high of $18.03. The firm has a market capitalization of $397.38 million, a price-to-earnings ratio of 31.48 and a beta of 0.74. The firm has a 50 day moving average of $16.94 and a 200 day moving average of $16.85. The company has a current ratio of 4.74, a quick ratio of 4.74 and a debt-to-equity ratio of 1.17.

CTO Realty Growth Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $1.52 dividend on an annualized basis and a yield of 8.78%. CTO Realty Growth’s dividend payout ratio (DPR) is presently 276.37%.

Hedge Funds Weigh In On CTO Realty Growth

Institutional investors and hedge funds have recently modified their holdings of the stock. AJOVista LLC bought a new stake in CTO Realty Growth in the fourth quarter worth $63,000. SG Americas Securities LLC bought a new stake in shares of CTO Realty Growth in the 3rd quarter worth about $151,000. Jump Financial LLC purchased a new position in shares of CTO Realty Growth during the 4th quarter worth about $192,000. PNC Financial Services Group Inc. grew its holdings in CTO Realty Growth by 19.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 11,963 shares of the company’s stock valued at $207,000 after purchasing an additional 1,925 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its position in CTO Realty Growth by 25.7% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 12,449 shares of the company’s stock worth $213,000 after purchasing an additional 2,543 shares during the period. Hedge funds and other institutional investors own 67.18% of the company’s stock.

About CTO Realty Growth

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.