CTO Realty Growth (NYSE:CTO) Coverage Initiated at Alliance Global Partners

Stock analysts at Alliance Global Partners began coverage on shares of CTO Realty Growth (NYSE:CTO) in a research report issued on Monday, MarketBeat reports. The brokerage set a “buy” rating and a $20.00 price target on the stock. Alliance Global Partners’ target price points to a potential upside of 17.65% from the company’s current price.

CTO has been the topic of several other research reports. StockNews.com raised CTO Realty Growth from a “sell” rating to a “hold” rating in a research report on Wednesday, December 27th. B. Riley reissued a “buy” rating on shares of CTO Realty Growth in a research report on Friday, February 2nd. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, CTO Realty Growth currently has a consensus rating of “Moderate Buy” and a consensus target price of $20.00.

CTO Realty Growth Stock Performance

NYSE CTO opened at $17.00 on Monday. The company has a market cap of $387.77 million, a P/E ratio of 566.67 and a beta of 0.77. The company has a debt-to-equity ratio of 1.08, a quick ratio of 3.77 and a current ratio of 3.77. The business’s 50 day moving average price is $16.77 and its 200-day moving average price is $16.72. CTO Realty Growth has a fifty-two week low of $15.63 and a fifty-two week high of $18.03.

Hedge Funds Weigh In On CTO Realty Growth

Hedge funds have recently bought and sold shares of the business. Captrust Financial Advisors bought a new position in CTO Realty Growth in the 2nd quarter valued at $96,000. Harbour Investments Inc. bought a new position in CTO Realty Growth in the 2nd quarter valued at $31,000. Advisory Services Network LLC bought a new position in CTO Realty Growth in the 1st quarter valued at $35,000. Acadian Asset Management LLC bought a new position in CTO Realty Growth in the 1st quarter valued at $152,000. Finally, JPMorgan Chase & Co. grew its position in CTO Realty Growth by 35.5% in the 1st quarter. JPMorgan Chase & Co. now owns 3,082 shares of the company’s stock valued at $205,000 after acquiring an additional 807 shares during the last quarter. 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.