Geode Capital Management LLC Has $13.40 Million Holdings in CTO Realty Growth, Inc. (NYSE:CTO)

Geode Capital Management LLC raised its position in CTO Realty Growth, Inc. (NYSE:CTO) by 30.9% during the fourth quarter, Holdings Channel reports. The firm owned 679,893 shares of the company’s stock after purchasing an additional 160,593 shares during the period. Geode Capital Management LLC’s holdings in CTO Realty Growth were worth $13,403,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. lifted 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 buying an additional 1,364,637 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of CTO Realty Growth by 143.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 392,102 shares of the company’s stock valued at $7,728,000 after purchasing an additional 230,811 shares during the period. Thrivent Financial for Lutherans bought a new position in shares of CTO Realty Growth during the 4th quarter worth about $4,673,000. Franklin Resources Inc. grew its stake in shares of CTO Realty Growth by 9.8% in the 3rd quarter. Franklin Resources Inc. now owns 209,511 shares of the company’s stock valued at $3,972,000 after buying an additional 18,743 shares during the period. Finally, Prevail Innovative Wealth Advisors LLC increased its position in CTO Realty Growth by 130.3% in the 4th quarter. Prevail Innovative Wealth Advisors LLC now owns 203,541 shares of the company’s stock valued at $4,012,000 after buying an additional 115,146 shares in the last quarter. 67.18% of the stock is owned by institutional investors.

CTO Realty Growth Trading Down 0.2 %

NYSE:CTO opened at $18.10 on Tuesday. CTO Realty Growth, Inc. has a 52 week low of $16.12 and a 52 week high of $21.15. The firm has a 50-day moving average price of $18.78 and a two-hundred day moving average price of $19.38. The firm has a market cap of $576.36 million, a price-to-earnings ratio of -82.27 and a beta of 0.61. The company has a debt-to-equity ratio of 0.88, a quick ratio of 3.96 and a current ratio of 3.96.

CTO Realty Growth (NYSE:CTO) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.48. CTO Realty Growth had a negative return on equity of 0.38% and a negative net margin of 1.58%. The business had revenue of $35.74 million for the quarter, compared to analysts’ expectations of $33.39 million. On average, equities analysts expect that CTO Realty Growth, Inc. will post 1.92 earnings per share for the current fiscal year.

CTO Realty Growth Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 13th were given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 8.40%. The ex-dividend date of this dividend was Thursday, March 13th. CTO Realty Growth’s dividend payout ratio is -690.91%.

Wall Street Analyst Weigh In

Several research firms have recently commented on CTO. StockNews.com downgraded CTO Realty Growth from a “hold” rating to a “sell” rating in a report on Saturday, March 1st. B. Riley reaffirmed a “buy” rating and issued a $23.00 price objective (up from $22.50) on shares of CTO Realty Growth in a research note on Wednesday, March 5th. One research 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’s stock. According to MarketBeat.com, CTO Realty Growth currently has an average rating of “Buy” and an average price target of $22.00.

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.