CTO Realty Growth, Inc. (NYSE:CTO) Holdings Raised by AlphaQuest LLC

AlphaQuest LLC lifted its stake in shares of CTO Realty Growth, Inc. (NYSE:CTO) by 1,177.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 30,185 shares of the company’s stock after purchasing an additional 27,823 shares during the quarter. AlphaQuest LLC’s holdings in CTO Realty Growth were worth $595,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Charles Schwab Investment Management Inc. raised its stake in shares of CTO Realty Growth by 162.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 161,291 shares of the company’s stock valued at $3,068,000 after purchasing an additional 99,943 shares in the last quarter. Entropy Technologies LP bought a new stake in shares of CTO Realty Growth during the fourth quarter valued at about $406,000. Barclays PLC raised its stake in shares of CTO Realty Growth by 251.1% during the third quarter. Barclays PLC now owns 55,911 shares of the company’s stock valued at $1,063,000 after purchasing an additional 39,986 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of CTO Realty Growth by 13.7% during the fourth quarter. Principal Financial Group Inc. now owns 15,139 shares of the company’s stock valued at $298,000 after purchasing an additional 1,821 shares in the last quarter. Finally, FMR LLC raised its stake in shares of CTO Realty Growth by 461.4% during the third quarter. FMR LLC now owns 13,608 shares of the company’s stock valued at $259,000 after purchasing an additional 11,184 shares in the last quarter. 67.18% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on CTO shares. StockNews.com cut shares of CTO Realty Growth from a “hold” rating to a “sell” rating in a research note on Saturday, March 1st. B. Riley reaffirmed a “buy” rating and set a $23.00 target price (up from $22.50) on shares of CTO Realty Growth in a report on Wednesday, March 5th. One equities research analyst has rated the stock with a sell rating, two have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, CTO Realty Growth currently has an average rating of “Buy” and an average target price of $21.50.

CTO Realty Growth Price Performance

NYSE:CTO opened at $18.92 on Wednesday. The business’s 50-day moving average price is $19.56 and its 200 day moving average price is $19.55. The firm has a market cap of $602.31 million, a P/E ratio of -85.98 and a beta of 0.77. CTO Realty Growth, Inc. has a 52-week low of $16.33 and a 52-week high of $21.15. The company has a quick ratio of 3.96, a current ratio of 3.96 and a debt-to-equity ratio of 0.88.

CTO Realty Growth (NYSE:CTO) last released its earnings results on Thursday, February 20th. The company reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.48. The firm had revenue of $35.74 million for the quarter, compared to analyst estimates of $33.39 million. CTO Realty Growth had a negative return on equity of 0.38% and a negative net margin of 1.58%. As a group, sell-side analysts predict that CTO Realty Growth, Inc. will post 1.92 earnings per share for the current fiscal year.

CTO Realty Growth Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 13th will be paid a $0.38 dividend. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $1.52 dividend on an annualized basis and a yield of 8.04%. CTO Realty Growth’s dividend payout ratio is currently -690.91%.

CTO Realty Growth Company Profile

CTO Realty Growth, Inc is a publicly traded real estate investment trust that owns and operates a portfolio of high-quality, retail-based properties located primarily in higher growth markets in the United States. CTO also externally manages and owns a meaningful interest in Alpine Income Property Trust, Inc (NYSE: PINE), a publicly traded net lease REIT.