CTO Realty Growth price target raised to $22 from $20 at Cantor Fitzgerald

Cantor Fitzgerald analyst Jay Kornreich raised the firm’s price target on CTO Realty Growth (CTO) to $22 from $20 and keeps an Overweight rating on the shares. CTO has signed leases for seven of 10 vacant big-box assets and is negotiating on the remainder, with expected 60% positive cash rent spreads at the high end of guidance, and its $6.1M signed-not-opened pipeline should contribute beginning in 2026 and fully by 2027, the analyst tells investors in a research note. The portfolio is now 95.9% leased, including a fully re-leased New Mexico office asset that could be monetized to fund recycling into core, value-add open-air shopping centers to drive earnings growth, the firm says.