Form 8-K CTO Realty Growth, Inc. For: Oct 24
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B.Riley Reiterates Buy Rating on CTO Realty Group (CTO)
October 25, 2024 5:30 AM EDTB.Riley analyst John Massocca reiterated a Buy rating and $22.50 price target on CTO Realty Group (NYSE: CTO)
The analyst comments "Looking towards CTO Realty Growths (CTO Buy, $22.50 PT) upcoming 3Q24 earnings, we already have clarity on two aspects of the REITs business activity during the quarter. Namely, CTO preannounced investment and capital markets activity, with the latter including the issuance of 6.9M shares via its ATM at $18.63/sh for net proceeds of $125.7M and the closing of a new five-year $100M term... More
