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
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