CTO Realty Growth, Inc. (NYSE:CTO) Shares Acquired by GAMMA Investing LLC

GAMMA Investing LLC raised its holdings in shares of CTO Realty Growth, Inc. (NYSE:CTO) by 2,033.9% in the 1st quarter, HoldingsChannel reports. The fund owned 26,802 shares of the company’s stock after buying an additional 25,546 shares during the quarter. GAMMA Investing LLC’s holdings in CTO Realty Growth were worth $518,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. The Manufacturers Life Insurance Company boosted its position in shares of CTO Realty Growth by 4.7% in the 4th quarter. The Manufacturers Life Insurance Company now owns 22,290 shares of the company’s stock valued at $439,000 after purchasing an additional 993 shares during the period. Principal Financial Group Inc. boosted its position in shares of CTO Realty Growth by 13.7% in the 4th quarter. Principal Financial Group Inc. now owns 15,139 shares of the company’s stock valued at $298,000 after purchasing an additional 1,821 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of CTO Realty Growth in the 4th quarter valued at about $3,787,000. Deutsche Bank AG boosted its position in shares of CTO Realty Growth by 2.9% in the 4th quarter. Deutsche Bank AG now owns 75,075 shares of the company’s stock valued at $1,480,000 after purchasing an additional 2,142 shares during the period. Finally, Invesco Ltd. boosted its position in shares of CTO Realty Growth by 681.9% in the 4th quarter. Invesco Ltd. now owns 468,556 shares of the company’s stock valued at $9,235,000 after purchasing an additional 408,632 shares during the period. 67.18% of the stock is owned by institutional investors and hedge funds.

CTO Realty Growth Stock Up 0.2%

CTO Realty Growth stock opened at $18.06 on Thursday. CTO Realty Growth, Inc. has a twelve month low of $16.12 and a twelve month high of $21.15. The stock has a 50 day moving average of $18.13 and a two-hundred day moving average of $18.98. The company has a current ratio of 5.54, a quick ratio of 5.54 and a debt-to-equity ratio of 1.01. The stock has a market capitalization of $595.03 million, a price-to-earnings ratio of -44.06 and a beta of 0.75.

CTO Realty Growth Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Thursday, June 12th will be given a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, June 12th. This represents a $1.52 dividend on an annualized basis and a yield of 8.41%. CTO Realty Growth’s payout ratio is -370.73%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on CTO shares. Wall Street Zen cut CTO Realty Growth from a “hold” rating to a “sell” rating in a research report on Tuesday, May 13th. B. Riley reissued a “buy” rating and issued a $23.00 target price (up from $22.50) on shares of CTO Realty Growth in a research report on Wednesday, March 5th. Finally, Raymond James Financial reissued a “strong-buy” rating on shares of CTO Realty Growth in a research report on Friday, May 23rd.

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.