CTO Realty Growth, Inc. (NYSE:CTO) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. cut its holdings in shares of CTO Realty Growth, Inc. (NYSE:CTO) by 20.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 351,314 shares of the company’s stock after selling 89,200 shares during the period. Russell Investments Group Ltd. owned about 1.55% of CTO Realty Growth worth $6,088,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CTO. Grace & White Inc. NY raised its position in shares of CTO Realty Growth by 4.8% in the fourth quarter. Grace & White Inc. NY now owns 538,252 shares of the company’s stock worth $9,328,000 after acquiring an additional 24,889 shares during the period. Ancora Advisors LLC raised its position in shares of CTO Realty Growth by 0.5% in the third quarter. Ancora Advisors LLC now owns 376,575 shares of the company’s stock worth $6,104,000 after acquiring an additional 1,926 shares during the period. Foundry Partners LLC raised its position in shares of CTO Realty Growth by 0.6% in the third quarter. Foundry Partners LLC now owns 201,331 shares of the company’s stock worth $3,264,000 after acquiring an additional 1,275 shares during the period. State of New Jersey Common Pension Fund D raised its position in shares of CTO Realty Growth by 8.6% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 190,000 shares of the company’s stock worth $3,293,000 after acquiring an additional 15,000 shares during the period. Finally, Truvestments Capital LLC raised its position in shares of CTO Realty Growth by 2.4% in the third quarter. Truvestments Capital LLC now owns 111,740 shares of the company’s stock worth $1,811,000 after acquiring an additional 2,642 shares during the period. 67.18% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CTO has been the subject of a number of analyst reports. B. Riley reiterated a “buy” rating on shares of CTO Realty Growth in a research report on Friday, February 2nd. Jonestrading decreased their price objective on shares of CTO Realty Growth from $21.00 to $19.00 and set a “buy” rating for the company in a research report on Monday. Finally, Alliance Global Partners began coverage on shares of CTO Realty Growth in a research note on Monday, April 8th. They set a “buy” rating and a $20.00 target price for the company. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, CTO Realty Growth presently has a consensus rating of “Moderate Buy” and an average price target of $19.33.

CTO Realty Growth Stock Up 0.4 %

CTO stock opened at $17.32 on Thursday. The stock has a market capitalization of $397.38 million, a P/E ratio of 31.48 and a beta of 0.74. The firm has a 50-day simple moving average of $16.94 and a 200-day simple moving average of $16.85. The company has a quick ratio of 4.74, a current ratio of 4.74 and a debt-to-equity ratio of 1.17. CTO Realty Growth, Inc. has a 52 week low of $15.63 and a 52 week high of $18.03.

CTO Realty Growth Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were paid a dividend of $0.38 per share. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 8.78%. CTO Realty Growth’s dividend payout ratio is currently 276.37%.

About CTO Realty Growth

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.