46,381 Shares in CTO Realty Growth, Inc. (NYSE:CTO) Acquired by HighTower Advisors LLC

HighTower Advisors LLC acquired a new position in shares of CTO Realty Growth, Inc. (NYSE:CTO) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 46,381 shares of the company’s stock, valued at approximately $914,000.

A number of other institutional investors and hedge funds have also bought and sold shares of CTO. Point72 DIFC Ltd purchased a new position in CTO Realty Growth in the third quarter valued at about $94,000. Daiwa Securities Group Inc. boosted its holdings in shares of CTO Realty Growth by 32.3% in the 4th quarter. Daiwa Securities Group Inc. now owns 8,666 shares of the company’s stock valued at $171,000 after buying an additional 2,118 shares in the last quarter. Cornerstone Investment Partners LLC purchased a new position in shares of CTO Realty Growth in the 4th quarter worth approximately $201,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of CTO Realty Growth in the 3rd quarter worth approximately $205,000. Finally, Sanctuary Advisors LLC bought a new position in shares of CTO Realty Growth during the 3rd quarter worth approximately $205,000. 67.18% of the stock is owned by institutional investors.

CTO Realty Growth Price Performance

CTO stock opened at $19.15 on Friday. CTO Realty Growth, Inc. has a 1 year low of $16.51 and a 1 year high of $21.15. The company has a debt-to-equity ratio of 0.88, a current ratio of 3.96 and a quick ratio of 3.96. The firm has a market capitalization of $609.79 million, a PE ratio of -87.05 and a beta of 0.77. The business has a 50 day simple moving average of $19.42 and a 200-day simple moving average of $19.52.

CTO Realty Growth (NYSE:CTO) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.48. The firm had revenue of $35.74 million for the quarter, compared to analysts’ expectations of $33.39 million. CTO Realty Growth had a negative return on equity of 0.38% and a negative net margin of 1.58%. Equities research analysts anticipate that CTO Realty Growth, Inc. will post 1.92 earnings per share for the current fiscal year.

CTO Realty Growth Announces Dividend

The firm 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 $0.38 dividend. The ex-dividend date is Thursday, March 13th. This represents a $1.52 annualized dividend and a dividend yield of 7.94%. CTO Realty Growth’s dividend payout ratio (DPR) is -690.91%.

Analyst Upgrades and Downgrades

CTO has been the subject of a number of recent analyst reports. StockNews.com cut CTO Realty Growth from a “hold” rating to a “sell” rating in a research report on Saturday, March 1st. B. Riley reissued a “buy” rating and issued a $23.00 price target (up previously from $22.50) on shares of CTO Realty Growth in a report on Wednesday, March 5th. One investment 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. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $21.50.

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.