BTIG analyst Michael Gorman names CTO Realty Growth (CTO) as his BTIG Top Pick for first half of 2023, replacing Independence Realty Trust (IRT) on that list. The REIT is nearing the end of a strategic transformation to a multi-tenant retail and its mixed use portfolio is underpinned by a healthy balance sheet with a potential for growth, the analyst tells investors in a research note. Gorman has a Buy rating and a $21 price target on the stock.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on CTO:
- CTO Realty Growth and Announces Record 2022 Transaction Activity and Provides Corporate Update
- CTO Realty Growth Announces Acquisition of The Collection At Forsyth in Atlanta, Georgia for $96.0 Million
- CTO Realty Growth acquires The Collection at Forsyth for $96M
- CTO Realty Growth price target lowered to $21 from $24 at BTIG
- CTO Realty Growth Announces Closing of Public Offering of Common Stock and Full Exercise of Underwriters’ Option to Purchase Additional Shares
