LSV Asset Management Sells 23,079 Shares of CTO Realty Growth, Inc. (NYSE:CTO)

LSV Asset Management cut its position in shares of CTO Realty Growth, Inc. (NYSE:CTO) by 6.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 322,980 shares of the company’s stock after selling 23,079 shares during the quarter. LSV Asset Management owned 1.42% of CTO Realty Growth worth $5,597,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CTO. State of New Jersey Common Pension Fund D grew its holdings in shares of CTO Realty Growth by 8.6% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 190,000 shares of the company’s stock worth $3,293,000 after purchasing an additional 15,000 shares in the last quarter. Grace & White Inc. NY boosted its stake in CTO Realty Growth by 4.8% during the fourth quarter. Grace & White Inc. NY now owns 538,252 shares of the company’s stock worth $9,328,000 after buying an additional 24,889 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in CTO Realty Growth by 19.1% in the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 24,976 shares of the company’s stock valued at $433,000 after buying an additional 4,000 shares during the period. Asset Management One Co. Ltd. raised its stake in shares of CTO Realty Growth by 41.8% in the 4th quarter. Asset Management One Co. Ltd. now owns 43,925 shares of the company’s stock valued at $774,000 after buying an additional 12,956 shares in the last quarter. Finally, Penserra Capital Management LLC lifted its holdings in shares of CTO Realty Growth by 14.5% during the 3rd quarter. Penserra Capital Management LLC now owns 29,364 shares of the company’s stock worth $475,000 after acquiring an additional 3,710 shares during the period. 67.18% of the stock is currently owned by institutional investors.

CTO Realty Growth Price Performance

Shares of CTO Realty Growth stock opened at $17.32 on Thursday. CTO Realty Growth, Inc. has a 1-year low of $15.63 and a 1-year high of $18.03. The firm’s 50-day moving average price is $16.94 and its two-hundred day moving average price is $16.85. The company has a current ratio of 4.74, a quick ratio of 4.74 and a debt-to-equity ratio of 1.17. The stock has a market capitalization of $397.38 million, a price-to-earnings ratio of 31.48 and a beta of 0.74.

CTO Realty Growth Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were issued 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 yield of 8.78%. CTO Realty Growth’s dividend payout ratio is 276.37%.

Wall Street Analyst Weigh In

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

CTO Realty Growth 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.