BTIG analyst Michael Gorman maintained a Buy rating on CTO Realty Growth (CTO – Research Report) on October 27 and set a price target of $24.00. The company’s shares closed last Friday at $20.45.
According to TipRanks, Gorman is a 4-star analyst with an average return of 4.2% and a 51.47% success rate. Gorman covers the Financial sector, focusing on stocks such as Agree Realty, Equity Residential, and Getty Realty.
Currently, the analyst consensus on CTO Realty Growth is a Strong Buy with an average price target of $25.00.
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CTO market cap is currently $384.5M and has a P/E ratio of 131.68.
Based on the recent corporate insider activity of 51 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CTO in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Consolidated Tomoka Land Co. is a diversified real estate operating company. The company operates through the following business segments: Income Properties, Commercial Loan Investments, and Real Estate Operations. The Income Properties segment consists primarily of income producing properties and its business plan is to focus on investing in additional income-producing properties. The Commercial loan Investments segment consists of one loan collateralized by a hotel property in Atlanta, Georgia. The Real Estate Operations segment consists of revenues generated from land transactions and leasing and royalty income from its interests in subsurface oil, gas and mineral rights. The company was founded in 1902 and is headquartered in Daytona Beach, FL.
Read More on CTO:
- Twelve new option listings and two option delistings on October 19th
- CTO Realty Growth Announces Acquisition of Mixed-Use, Grocery-Anchored Lifestyle Property in Richmond, Virginia for $93.9 Million
- CTO Realty Growth announces acquisition of property in Virginia for $93.9M
- Inflation at 8.2%: 2 ‘Strong Buy’ Dividend Stocks to Protect Your Money
- CTO Realty Growth Announces Sale of Three Properties in Jacksonville, Florida For $34.9 Million
