HighTower Advisors LLC Invests $914,000 in CTO Realty Growth, Inc. (NYSE:CTO)

HighTower Advisors LLC acquired a new stake in CTO Realty Growth, Inc. (NYSE:CTO - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 46,381 shares of the company's stock, valued at approximately $914,000. HighTower Advisors LLC owned approximately 0.15% of CTO Realty Growth at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of CTO. Charles Schwab Investment Management Inc. increased its holdings 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 buying an additional 230,811 shares during the period. Heitman Real Estate Securities LLC raised its holdings in shares of CTO Realty Growth by 26.2% during the 3rd quarter. Heitman Real Estate Securities LLC now owns 989,073 shares of the company's stock worth $18,812,000 after buying an additional 205,383 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of CTO Realty Growth during the 4th quarter worth $3,787,000. Leeward Investments LLC MA bought a new stake in shares of CTO Realty Growth during the 4th quarter worth $1,706,000. Finally, Atom Investors LP acquired a new stake in CTO Realty Growth in the third quarter valued at about $1,149,000. 67.18% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

CTO has been the subject of a number of research reports. B. Riley reissued a "buy" rating and issued a $23.00 target price (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 research report on Saturday, March 1st. One analyst has rated the stock with a sell rating, two have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $21.50.

CTO Realty Growth Trading Up 0.3 %

CTO Realty Growth stock traded up $0.06 during trading hours on Monday, hitting $19.36. The stock had a trading volume of 384,920 shares, compared to its average volume of 329,926. The stock has a market cap of $616.38 million, a price-to-earnings ratio of -87.99 and a beta of 0.77. The company has a quick ratio of 3.96, a current ratio of 3.96 and a debt-to-equity ratio of 0.88. The business's 50 day simple moving average is $19.41 and its 200-day simple moving average is $19.52. CTO Realty Growth, Inc. has a one year low of $16.51 and a one year high of $21.15.

CTO Realty Growth (NYSE:CTO - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.01 by $0.48. CTO Realty Growth had a negative net margin of 1.58% and a negative return on equity of 0.38%. The business had revenue of $35.74 million during the quarter, compared to analyst estimates of $33.39 million. On average, equities analysts predict that CTO Realty Growth, Inc. will post 1.92 EPS for the current fiscal year.

CTO Realty Growth Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors 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 7.85%. CTO Realty Growth's dividend payout ratio is -690.91%.

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.