CTO Realty Growth, Inc. (NYSE:CTO) Shares Acquired by Alliancebernstein L.P.

Alliancebernstein L.P. boosted its holdings in CTO Realty Growth, Inc. (NYSE:CTO) by 29.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,598 shares of the company’s stock after purchasing an additional 5,320 shares during the quarter. Alliancebernstein L.P.’s holdings in CTO Realty Growth were worth $465,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in CTO Realty Growth by 118.6% in the fourth quarter. Vanguard Group Inc. now owns 2,514,789 shares of the company’s stock valued at $49,566,000 after purchasing an additional 1,364,637 shares during the period. Thrivent Financial for Lutherans acquired a new position in CTO Realty Growth in the 4th quarter valued at about $4,673,000. Charles Schwab Investment Management Inc. increased its position in CTO Realty Growth by 143.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 392,102 shares of the company’s stock valued at $7,728,000 after acquiring an additional 230,811 shares during the period. Raymond James Financial Inc. purchased a new stake in CTO Realty Growth during the 4th quarter valued at approximately $3,787,000. Finally, Prevail Innovative Wealth Advisors LLC lifted its position in CTO Realty Growth by 130.3% during the 4th quarter. Prevail Innovative Wealth Advisors LLC now owns 203,541 shares of the company’s stock worth $4,012,000 after acquiring an additional 115,146 shares during the period. Institutional investors and hedge funds own 67.18% of the company’s stock.

CTO Realty Growth Price Performance

CTO stock opened at $18.12 on Monday. The firm has a 50 day moving average of $18.82 and a 200-day moving average of $19.39. The company has a market cap of $577.00 million, a price-to-earnings ratio of -82.36 and a beta of 0.61. The company has a current ratio of 3.96, a quick ratio of 3.96 and a debt-to-equity ratio of 0.88. CTO Realty Growth, Inc. has a 12-month low of $16.12 and a 12-month high of $21.15.

CTO Realty Growth (NYSE:CTO) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.48. The firm had revenue of $35.74 million during the quarter, compared to the consensus estimate 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, equities analysts expect that CTO Realty Growth, Inc. will post 1.92 EPS for the current fiscal year.

CTO Realty Growth Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 13th were paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 8.39%. The ex-dividend date of this dividend was Thursday, March 13th. CTO Realty Growth’s dividend payout ratio (DPR) is presently -690.91%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. B. Riley restated a “buy” rating and set a $23.00 price target (up previously from $22.50) on shares of CTO Realty Growth in a research note on Wednesday, March 5th. StockNews.com lowered CTO Realty Growth from a “hold” rating to a “sell” rating in a report on Saturday, March 1st. One analyst has rated the stock with a sell rating, two have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $22.00.

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.