AlphaQuest LLC lifted its stake in shares of CTO Realty Growth, Inc. (NYSE:CTO - Free Report) by 1,177.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,185 shares of the company's stock after buying an additional 27,823 shares during the quarter. AlphaQuest LLC owned approximately 0.10% of CTO Realty Growth worth $595,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also made changes to their positions in CTO. Charles Schwab Investment Management Inc. grew its position in shares of CTO Realty Growth by 143.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 392,102 shares of the company's stock worth $7,728,000 after buying an additional 230,811 shares in the last quarter. Heitman Real Estate Securities LLC grew its position in shares of CTO Realty Growth by 26.2% during the third 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. acquired a new stake in shares of CTO Realty Growth during the fourth quarter worth approximately $3,787,000. Los Angeles Capital Management LLC bought a new position in CTO Realty Growth during the third quarter worth $1,794,000. Finally, Leeward Investments LLC MA bought a new position in CTO Realty Growth during the fourth quarter worth $1,706,000. Institutional investors and hedge funds own 67.18% of the company's stock.
CTO Realty Growth Stock Performance
Shares of CTO opened at $18.92 on Wednesday. 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 stock has a market capitalization of $602.31 million, a PE ratio of -85.98 and a beta of 0.77. CTO Realty Growth, Inc. has a 12-month low of $16.33 and a 12-month high of $21.15. The business's fifty day moving average price is $19.56 and its 200 day moving average price is $19.55.
CTO Realty Growth (NYSE:CTO - Get Free Report) last posted its earnings results 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. The company had revenue of $35.74 million for the quarter, compared to analysts' expectations of $33.39 million. CTO Realty Growth had a negative return on equity of 0.38% and a negative net margin of 1.58%. Equities research analysts forecast that CTO Realty Growth, Inc. will post 1.92 EPS for the current year.
CTO Realty Growth Announces Dividend
The business also recently announced 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. This represents a $1.52 dividend on an annualized basis and a yield of 8.04%. The ex-dividend date of this dividend is Thursday, March 13th. CTO Realty Growth's payout ratio is -690.91%.
Analyst Ratings Changes
Several equities analysts recently issued reports on CTO shares. StockNews.com cut CTO Realty Growth from a "hold" rating to a "sell" rating in a research note on Saturday, March 1st. B. Riley restated a "buy" rating and set a $23.00 price objective (up from $22.50) on shares of CTO Realty Growth in a research note on Wednesday, March 5th. One research 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. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $21.50.
Check Out Our Latest Analysis on CTO Realty Growth
CTO Realty Growth Company Profile
(
Free Report)
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.
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