CTO Realty Growth, Inc. (NYSE:CTO) Shares Sold by Boston Partners

Boston Partners lowered its position in CTO Realty Growth, Inc. (NYSE:CTO - Free Report) by 10.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 221,331 shares of the company's stock after selling 26,294 shares during the period. Boston Partners owned approximately 0.74% of CTO Realty Growth worth $4,362,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Point72 DIFC Ltd acquired a new stake in CTO Realty Growth in the third quarter valued at $94,000. Daiwa Securities Group Inc. grew its stake in CTO Realty Growth by 32.3% in the 4th quarter. Daiwa Securities Group Inc. now owns 8,666 shares of the company's stock valued at $171,000 after acquiring an additional 2,118 shares during the last quarter. Cornerstone Investment Partners LLC purchased a new position in CTO Realty Growth during the 4th quarter valued at about $201,000. Sanctuary Advisors LLC purchased a new position in CTO Realty Growth during the 3rd quarter valued at about $205,000. Finally, Longboard Asset Management LP acquired a new position in CTO Realty Growth during the fourth quarter worth about $212,000. 67.18% of the stock is owned by hedge funds and other institutional investors.

CTO Realty Growth Trading Down 0.5 %

NYSE:CTO traded down $0.09 during trading hours on Wednesday, reaching $19.04. 355,050 shares of the company were exchanged, compared to its average volume of 325,237. The firm has a market cap of $606.29 million, a price-to-earnings ratio of -86.55 and a beta of 0.77. The stock has a 50 day simple moving average of $19.45 and a 200 day simple moving average of $19.53. CTO Realty Growth, Inc. has a 52-week low of $16.51 and a 52-week high of $21.15. The company has a debt-to-equity ratio of 0.88, a current ratio of 3.96 and a quick ratio of 3.96.

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CTO Realty Growth (NYSE:CTO - Get Free Report) last issued its earnings results on Thursday, February 20th. The company reported $0.49 earnings per share for the quarter, beating analysts' consensus estimates of $0.01 by $0.48. The firm 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%. As a group, analysts predict that CTO Realty Growth, Inc. will post 1.92 EPS for the current year.

CTO Realty Growth Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 13th will be issued a $0.38 dividend. The ex-dividend date is Thursday, March 13th. This represents a $1.52 annualized dividend and a yield of 7.98%. CTO Realty Growth's payout ratio is -690.91%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. StockNews.com cut shares of CTO Realty Growth from a "hold" rating to a "sell" rating in a research note on Saturday, March 1st. B. Riley reiterated a "buy" rating and set a $23.00 target price (up previously from $22.50) on shares of CTO Realty Growth in a report on Wednesday, March 5th. One investment analyst has rated the stock with a sell rating, two have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $21.50.

CTO Realty Growth 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.