Leeward Investments LLC MA Takes Position in CTO Realty Growth, Inc. (NYSE:CTO)

Leeward Investments LLC MA bought a new stake in CTO Realty Growth, Inc. (NYSE:CTO - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 86,580 shares of the company's stock, valued at approximately $1,706,000. Leeward Investments LLC MA owned 0.29% of CTO Realty Growth as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. LDR Capital Management LLC grew its stake in shares of CTO Realty Growth by 237.8% in the 4th quarter. LDR Capital Management LLC now owns 68,412 shares of the company's stock valued at $1,348,000 after purchasing an additional 48,162 shares during the period. Sanctuary Advisors LLC lifted its stake in shares of CTO Realty Growth by 17.3% during the fourth quarter. Sanctuary Advisors LLC now owns 12,155 shares of the company's stock valued at $238,000 after acquiring an additional 1,796 shares during the period. AlphaCentric Advisors LLC bought a new position in shares of CTO Realty Growth in the 4th quarter valued at about $788,000. Principal Financial Group Inc. grew its holdings in CTO Realty Growth by 13.7% during the 4th quarter. Principal Financial Group Inc. now owns 15,139 shares of the company's stock worth $298,000 after acquiring an additional 1,821 shares during the period. Finally, State of New Jersey Common Pension Fund D grew its stake in shares of CTO Realty Growth by 37.0% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 200,068 shares of the company's stock worth $3,943,000 after purchasing an additional 54,000 shares during the period. Institutional investors and hedge funds own 67.18% of the company's stock.

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CTO Realty Growth Trading Down 0.0 %

Shares of CTO Realty Growth stock traded down $0.01 during trading hours on Thursday, hitting $18.69. The company's stock had a trading volume of 257,391 shares, compared to its average volume of 277,026. The company has a debt-to-equity ratio of 0.88, a current ratio of 3.96 and a quick ratio of 3.96. The company has a market capitalization of $594.99 million, a PE ratio of -84.93 and a beta of 0.78. The stock has a 50 day moving average of $19.66 and a 200 day moving average of $19.55. CTO Realty Growth, Inc. has a 12 month low of $16.33 and a 12 month high of $21.15.

CTO Realty Growth (NYSE:CTO - Get Free Report) 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 company had revenue of $35.74 million during the quarter, compared to analysts' expectations of $33.39 million. Analysts predict that CTO Realty Growth, Inc. will post 1.92 earnings per share for the current year.

CTO Realty Growth Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 13th will be paid a $0.38 dividend. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $1.52 annualized dividend and a yield of 8.13%. CTO Realty Growth's payout ratio is currently -690.91%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on CTO shares. Raymond James raised CTO Realty Growth from an "outperform" rating to a "strong-buy" rating and upped their price target for the company from $22.00 to $24.00 in a research note on Wednesday, October 30th. StockNews.com raised shares of CTO Realty Growth from a "sell" rating to a "hold" rating in a research note on Friday, February 21st.

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.