CTO Realty Growth, Inc. (NYSE:CTO) Sees Large Drop in Short Interest

CTO Realty Growth, Inc. (NYSE:CTO - Get Free Report) was the target of a large decline in short interest during the month of January. As of January 31st, there was short interest totalling 1,430,000 shares, a decline of 32.2% from the January 15th total of 2,110,000 shares. Based on an average daily trading volume, of 393,100 shares, the days-to-cover ratio is currently 3.6 days.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. grew its position in shares of CTO Realty Growth by 162.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 161,291 shares of the company's stock valued at $3,068,000 after acquiring an additional 99,943 shares during the period. Entropy Technologies LP bought a new stake in CTO Realty Growth during the fourth quarter valued at about $406,000. Barclays PLC increased 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 worth $1,063,000 after buying an additional 39,986 shares in the last quarter. Sequoia Financial Advisors LLC bought a new position in shares of CTO Realty Growth in the third quarter worth about $404,000. Finally, FMR LLC lifted its position in shares of CTO Realty Growth by 461.4% during the 3rd quarter. FMR LLC now owns 13,608 shares of the company's stock valued at $259,000 after buying an additional 11,184 shares in the last quarter. 67.18% of the stock is currently owned by institutional investors.

CTO Realty Growth Stock Performance

NYSE:CTO traded down $0.45 on Tuesday, hitting $20.08. The stock had a trading volume of 333,205 shares, compared to its average volume of 240,803. The business's 50-day simple moving average is $19.76 and its two-hundred day simple moving average is $19.56. The stock has a market cap of $602.09 million, a price-to-earnings ratio of 34.04 and a beta of 0.78. CTO Realty Growth has a 52-week low of $16.32 and a 52-week high of $21.15. The company has a quick ratio of 3.96, a current ratio of 3.96 and a debt-to-equity ratio of 0.88.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Raymond James raised shares of CTO Realty Growth from an "outperform" rating to a "strong-buy" rating and raised their price target for the company from $22.00 to $24.00 in a report on Wednesday, October 30th. StockNews.com cut shares of CTO Realty Growth from a "hold" rating to a "sell" rating in a report on Monday, October 28th.

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.