AlphaQuest LLC boosted its position in CTO Realty Growth, Inc. (NYSE:CTO - Free Report) by 1,177.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,185 shares of the company's stock after purchasing an additional 27,823 shares during the period. AlphaQuest LLC owned about 0.10% of CTO Realty Growth worth $595,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in CTO. Heitman Real Estate Securities LLC increased its holdings in CTO Realty Growth by 26.2% during the 3rd quarter. Heitman Real Estate Securities LLC now owns 989,073 shares of the company's stock valued at $18,812,000 after acquiring an additional 205,383 shares in the last quarter. Ingalls & Snyder LLC grew its position in shares of CTO Realty Growth by 0.3% in the third quarter. Ingalls & Snyder LLC now owns 397,111 shares of the company's stock valued at $7,553,000 after purchasing an additional 1,241 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of CTO Realty Growth by 143.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 392,102 shares of the company's stock worth $7,728,000 after purchasing an additional 230,811 shares in the last quarter. Franklin Resources Inc. increased its stake in shares of CTO Realty Growth by 9.8% during the 3rd quarter. Franklin Resources Inc. now owns 209,511 shares of the company's stock worth $3,972,000 after purchasing an additional 18,743 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D raised its position in shares of CTO Realty Growth by 37.0% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 200,068 shares of the company's stock worth $3,943,000 after purchasing an additional 54,000 shares during the last quarter. Institutional investors and hedge funds own 67.18% of the company's stock.
CTO has been the topic of a number of analyst reports. B. Riley reiterated a "buy" rating and set a $23.00 target price (up previously from $22.50) on shares of CTO Realty Growth in a report on Wednesday, March 5th. StockNews.com lowered CTO Realty Growth from a "hold" rating to a "sell" rating in a research note on Saturday, March 1st. One research analyst has rated the stock with a sell rating, two have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $21.50.
View Our Latest Stock Analysis on CTO
Shares of CTO stock traded up $0.06 during mid-day trading on Wednesday, hitting $18.96. 390,411 shares of the company's stock were exchanged, compared to its average volume of 313,330. The stock has a market cap of $603.65 million, a price-to-earnings ratio of -86.17 and a beta of 0.77. 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, Inc. has a fifty-two week low of $16.33 and a fifty-two week high of $21.15. The stock has a 50-day simple moving average of $19.56 and a two-hundred day simple moving average of $19.55.
CTO Realty Growth (NYSE:CTO - Get Free Report) last issued its quarterly 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. CTO Realty Growth had a negative return on equity of 0.38% and a negative net margin of 1.58%. The firm had revenue of $35.74 million for the quarter, compared to analyst estimates of $33.39 million. Equities analysts expect that CTO Realty Growth, Inc. will post 1.92 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 13th will be paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 8.02%. The ex-dividend date is Thursday, March 13th. CTO Realty Growth's dividend payout ratio is currently -690.91%.
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.
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