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Director George R. Brokaw of CTO Realty Growth, Inc. (NYSE:CTO) recently purchased 2,000 shares of the company’s common stock at a price of $16.94 per share, totaling $33,880. The purchase price represents an attractive entry point according to InvestingPro analysis, which indicates the stock is currently undervalued. The company, with a market capitalization of $564 million, maintains an impressive 8.9% dividend yield and has sustained dividend payments for 50 consecutive years.
The transaction, which occurred on June 26, 2025, increased Brokaw’s direct holdings to 91,701 shares. Brokaw also indirectly owns 3,858 shares through the Babette Brokaw Revocable Trust, of which he is a beneficiary and trustee. Analysts have set price targets ranging from $19 to $23, suggesting potential upside from current levels. For comprehensive analysis and additional insights, investors can access the detailed Pro Research Report available on InvestingPro.
In other recent news, CTO Realty Growth Inc. reported its financial results for the first quarter of 2025, showing stability with an earnings per share (EPS) of $0.01, which met analysts’ expectations. The company’s revenue exceeded forecasts, reaching $35.81 million against the anticipated $34.88 million. Core Funds From Operations (FFO) increased to $14.4 million, up from $10.7 million in the same quarter the previous year. Despite a slight decrease in Core FFO per share from $0.48 to $0.46, CTO Realty Growth maintained strong liquidity with nearly $140 million available. Lucid (NASDAQ:LCID) Capital Markets adjusted its price target for CTO Realty to $21.00 from $23.00, maintaining a Buy recommendation. The firm revised its estimates for CTO’s adjusted funds from operations (AFFO) and net asset value (NAV) following the company’s first-quarter results. In a separate development, a short report from Wolfpack Research accused CTO Realty Growth of misleading investors regarding dividend sustainability and suggested potential share dilution. These are recent developments in the company’s financial and strategic landscape.
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