Black Swift Group LLC Takes Position in CTO Realty Growth, Inc. (NYSE:CTO)

Black Swift Group LLC purchased a new position in CTO Realty Growth, Inc. (NYSE:CTO - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 28,390 shares of the company's stock, valued at approximately $560,000. Black Swift Group LLC owned approximately 0.09% of CTO Realty Growth at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in CTO. Creative Planning purchased a new stake in shares of CTO Realty Growth during the third quarter worth $237,000. Asset Management One Co. Ltd. increased its position in CTO Realty Growth by 3.7% in the 3rd quarter. Asset Management One Co. Ltd. now owns 57,754 shares of the company's stock worth $1,098,000 after purchasing an additional 2,037 shares during the last quarter. Principal Financial Group Inc. purchased a new stake in shares of CTO Realty Growth during the 3rd quarter worth about $253,000. Los Angeles Capital Management LLC acquired a new stake in shares of CTO Realty Growth during the 3rd quarter valued at about $1,794,000. Finally, GSA Capital Partners LLP bought a new stake in shares of CTO Realty Growth in the 3rd quarter valued at approximately $223,000. 67.18% of the stock is currently owned by institutional investors and hedge funds.

CTO Realty Growth Stock Performance

CTO traded down $0.05 on Monday, hitting $19.24. The company had a trading volume of 463,622 shares, compared to its average volume of 308,820. The stock has a market cap of $612.50 million, a price-to-earnings ratio of -87.43 and a beta of 0.77. 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's fifty day moving average price is $19.59 and its 200 day moving average price is $19.54. CTO Realty Growth, Inc. has a 1-year low of $16.33 and a 1-year high of $21.15.

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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 for the quarter, topping 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 analysts' expectations of $33.39 million. Equities analysts predict 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 will be paid on Monday, March 31st. Stockholders of record on Thursday, March 13th will be given a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 7.90%. The ex-dividend date of this dividend is Thursday, March 13th. CTO Realty Growth's dividend payout ratio is currently -690.91%.

Analyst Upgrades and Downgrades

CTO has been the topic of several recent research reports. B. Riley reaffirmed a "buy" rating and set a $23.00 price objective (up previously from $22.50) on shares of CTO Realty Growth in a research report on Wednesday, March 5th. StockNews.com lowered shares of CTO Realty Growth from a "hold" rating to a "sell" rating in a research note on Saturday, March 1st. One investment analyst has rated the stock with a sell rating, two have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, CTO Realty Growth currently has an average rating of "Buy" and a consensus price target of $21.50.

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.