APG Asset Management US Inc. Purchases New Shares in CTO Realty Growth, Inc. (NYSE:CTO)

APG Asset Management US Inc. acquired a new position in shares of CTO Realty Growth, Inc. (NYSE:CTO - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 329,763 shares of the company's stock, valued at approximately $6,500,000. APG Asset Management US Inc. owned about 1.10% of CTO Realty Growth as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Daiwa Securities Group Inc. boosted its position in CTO Realty Growth by 32.3% during the 4th quarter. Daiwa Securities Group Inc. now owns 8,666 shares of the company's stock worth $171,000 after purchasing an additional 2,118 shares during the period. Cornerstone Investment Partners LLC purchased a new position in CTO Realty Growth in the 4th quarter worth approximately $201,000. Resona Asset Management Co. Ltd. acquired a new stake in CTO Realty Growth in the fourth quarter valued at approximately $203,000. Sanctuary Advisors LLC purchased a new stake in CTO Realty Growth during the 3rd quarter worth $205,000. Finally, Longboard Asset Management LP acquired a new stake in CTO Realty Growth during the fourth quarter valued at approximately $212,000. Hedge funds and other institutional investors own 67.18% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. B. Riley reissued a "buy" rating and set a $23.00 price target (up previously from $22.50) on shares of CTO Realty Growth in a report on Wednesday, March 5th. StockNews.com cut shares of CTO Realty Growth from a "hold" rating to a "sell" rating in a report on Saturday, March 1st. One investment 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 stock. According to data from MarketBeat, CTO Realty Growth presently has a consensus rating of "Buy" and an average price target of $22.00.

CTO Realty Growth Stock Up 0.4 %

CTO traded up $0.07 during midday trading on Monday, hitting $17.58. 125,844 shares of the company's stock traded hands, compared to its average volume of 336,764. The stock's fifty day simple moving average is $19.03 and its 200-day simple moving average is $19.42. CTO Realty Growth, Inc. has a one year low of $16.12 and a one year high of $21.15. The company has a market cap of $559.80 million, a PE ratio of -79.91 and a beta of 0.61. The company has a debt-to-equity ratio of 0.88, a current ratio of 3.96 and a quick ratio of 3.96.

CTO Realty Growth (NYSE:CTO - Get Free Report) last posted its earnings results on Thursday, February 20th. The company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.01 by $0.48. The firm had revenue of $35.74 million for the quarter, compared to the consensus estimate of $33.39 million. CTO Realty Growth had a negative net margin of 1.58% and a negative return on equity of 0.38%. As a group, equities 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 was paid on Monday, March 31st. Investors of record on Thursday, March 13th were given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 8.65%. The ex-dividend date of this dividend was Thursday, March 13th. CTO Realty Growth's dividend payout ratio (DPR) is presently -690.91%.

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.