Charles Schwab Investment Management Inc. Acquires 230,811 Shares of CTO Realty Growth, Inc. (NYSE:CTO)

Charles Schwab Investment Management Inc. raised its position in shares of CTO Realty Growth, Inc. (NYSE:CTO - Free Report) by 143.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 392,102 shares of the company's stock after purchasing an additional 230,811 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.31% of CTO Realty Growth worth $7,728,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Entropy Technologies LP acquired a new position in CTO Realty Growth during the 4th quarter worth approximately $406,000. Barclays PLC boosted its position in CTO Realty Growth by 251.1% in the third quarter. Barclays PLC now owns 55,911 shares of the company's stock valued at $1,063,000 after buying an additional 39,986 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of CTO Realty Growth by 13.7% during the fourth quarter. Principal Financial Group Inc. now owns 15,139 shares of the company's stock worth $298,000 after buying an additional 1,821 shares during the last quarter. FMR LLC increased its holdings in shares of CTO Realty Growth by 461.4% during the third quarter. FMR LLC now owns 13,608 shares of the company's stock worth $259,000 after buying an additional 11,184 shares in the last quarter. Finally, Atom Investors LP bought a new position in shares of CTO Realty Growth in the 3rd quarter valued at $1,149,000. Institutional investors and hedge funds own 67.18% of the company's stock.

CTO Realty Growth Trading Up 0.3 %

CTO traded up $0.06 during midday trading on Thursday, hitting $19.15. 380,526 shares of the company were exchanged, compared to its average volume of 326,192. The firm's 50 day moving average price is $19.44 and its 200-day moving average price is $19.52. CTO Realty Growth, Inc. has a 1-year low of $16.51 and a 1-year high of $21.15. The firm has a market capitalization of $609.79 million, a P/E ratio of -87.05 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.

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CTO Realty Growth (NYSE:CTO - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.49 EPS for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $33.39 million. As a group, equities analysts forecast that CTO Realty Growth, Inc. will post 1.92 EPS for the current fiscal year.

CTO Realty Growth Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 13th will be paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 7.94%. The ex-dividend date is Thursday, March 13th. CTO Realty Growth's dividend payout ratio is currently -690.91%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. StockNews.com cut CTO Realty Growth from a "hold" rating to a "sell" rating in a report on Saturday, March 1st. B. Riley reiterated a "buy" rating and issued a $23.00 price objective (up previously from $22.50) on shares of CTO Realty Growth in a report on Wednesday, March 5th. One 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 company. According to data from MarketBeat.com, CTO Realty Growth presently has a consensus rating of "Buy" and a consensus price target of $21.50.

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.