StockNews.com Lowers CTO Realty Growth (NYSE:CTO) to Sell

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

CTO has been the topic of a number of other reports. Raymond James increased their price objective on shares of CTO Realty Growth from $20.00 to $22.00 and gave the company an “outperform” rating in a research report on Friday, August 16th. Alliance Global Partners raised CTO Realty Growth to a “strong-buy” rating in a report on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $20.33.

CTO Realty Growth Trading Down 0.6 %

CTO opened at $19.19 on Monday. The business has a fifty day moving average price of $19.14 and a 200 day moving average price of $18.39. The company has a debt-to-equity ratio of 0.98, a current ratio of 3.42 and a quick ratio of 3.42. CTO Realty Growth has a 12 month low of $15.64 and a 12 month high of $21.15. The stock has a market capitalization of $440.22 million, a price-to-earnings ratio of 34.88 and a beta of 0.76.

CTO Realty Growth (NYSE:CTO) last announced its quarterly earnings data on Thursday, October 24th. The company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.27). CTO Realty Growth had a return on equity of 3.55% and a net margin of 14.52%. The company had revenue of $31.81 million for the quarter, compared to analyst estimates of $30.15 million. During the same period in the prior year, the firm posted $0.48 earnings per share. Sell-side analysts expect that CTO Realty Growth will post 1.78 earnings per share for the current fiscal year.

Insider Transactions at CTO Realty Growth

In related news, Director Christopher W. Haga sold 3,000 shares of the stock in a transaction on Monday, September 9th. The shares were sold at an average price of $19.45, for a total value of $58,350.00. Following the transaction, the director now directly owns 44,988 shares of the company’s stock, valued at $875,016.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 5.00% of the company’s stock.

Hedge Funds Weigh In On CTO Realty Growth

Several large investors have recently bought and sold shares of CTO. Hsbc Holdings PLC lifted its holdings in shares of CTO Realty Growth by 145.0% in the 2nd quarter. Hsbc Holdings PLC now owns 88,707 shares of the company’s stock valued at $1,531,000 after purchasing an additional 52,500 shares during the last quarter. Russell Investments Group Ltd. increased its position in CTO Realty Growth by 11.9% during the first quarter. Russell Investments Group Ltd. now owns 393,252 shares of the company’s stock worth $6,666,000 after buying an additional 41,938 shares during the period. LDR Capital Management LLC purchased a new stake in CTO Realty Growth in the second quarter valued at approximately $483,000. AXA S.A. acquired a new stake in shares of CTO Realty Growth in the second quarter valued at approximately $900,000. Finally, Sequoia Financial Advisors LLC purchased a new position in shares of CTO Realty Growth during the third quarter worth approximately $404,000. 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.