CTO Realty Growth (NYSE:CTO) Downgraded by StockNews.com to Sell

StockNews.com lowered shares of CTO Realty Growth (NYSE:CTO - Free Report) from a hold rating to a sell rating in a report released on Saturday.

CTO Realty Growth Price Performance

Shares of CTO stock traded down $0.27 during trading on Friday, hitting $18.86. The company had a trading volume of 536,963 shares, compared to its average volume of 298,648. The company has a quick ratio of 3.96, a current ratio of 3.96 and a debt-to-equity ratio of 0.88. The stock's 50-day moving average is $19.63 and its two-hundred day moving average is $19.54. The stock has a market capitalization of $600.50 million, a price-to-earnings ratio of -85.72 and a beta of 0.78. CTO Realty Growth has a 52 week low of $16.33 and a 52 week high of $21.15.

CTO Realty Growth (NYSE:CTO - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.49 EPS for the quarter, beating 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 for the quarter, compared to analysts' expectations of $33.39 million. As a group, analysts predict that CTO Realty Growth will post 1.92 EPS for the current fiscal year.

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CTO Realty Growth Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 13th will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 8.06%. The ex-dividend date is Thursday, March 13th. CTO Realty Growth's payout ratio is currently -690.91%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of CTO. Vanguard Group Inc. grew its position in CTO Realty Growth by 118.6% during the fourth quarter. Vanguard Group Inc. now owns 2,514,789 shares of the company's stock valued at $49,566,000 after acquiring an additional 1,364,637 shares during the last quarter. Invesco Ltd. boosted its stake in shares of CTO Realty Growth by 681.9% during the fourth quarter. Invesco Ltd. now owns 468,556 shares of the company's stock valued at $9,235,000 after purchasing an additional 408,632 shares during the period. APG Asset Management US Inc. purchased a new stake in shares of CTO Realty Growth during the fourth quarter valued at approximately $6,500,000. BNP Paribas Financial Markets purchased a new stake in shares of CTO Realty Growth during the fourth quarter valued at approximately $6,485,000. Finally, Thrivent Financial for Lutherans purchased a new stake in shares of CTO Realty Growth during the fourth quarter valued at approximately $4,673,000. 67.18% of the stock is currently owned by institutional investors.

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.