Entropy Technologies LP Takes $406,000 Position in CTO Realty Growth, Inc. (NYSE:CTO)

Entropy Technologies LP purchased a new stake in CTO Realty Growth, Inc. (NYSE:CTO - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 20,599 shares of the company's stock, valued at approximately $406,000. Entropy Technologies LP owned approximately 0.07% of CTO Realty Growth as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in CTO. Heitman Real Estate Securities LLC grew its position in shares of CTO Realty Growth by 26.2% in the third quarter. Heitman Real Estate Securities LLC now owns 989,073 shares of the company's stock valued at $18,812,000 after purchasing an additional 205,383 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in CTO Realty Growth by 162.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 161,291 shares of the company's stock worth $3,068,000 after buying an additional 99,943 shares in the last quarter. Los Angeles Capital Management LLC purchased a new position in CTO Realty Growth during the third quarter worth about $1,794,000. Atom Investors LP purchased a new position in CTO Realty Growth during the third quarter worth about $1,149,000. Finally, Barclays PLC grew its position in CTO Realty Growth by 251.1% during 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. 67.18% of the stock is currently owned by hedge funds and other institutional investors.

CTO Realty Growth Price Performance

CTO stock traded down $0.13 during mid-day trading on Friday, hitting $20.56. 188,413 shares of the stock were exchanged, compared to its average volume of 221,126. 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 business has a fifty day moving average price of $19.77 and a 200 day moving average price of $19.56. CTO Realty Growth, Inc. has a 12 month low of $16.32 and a 12 month high of $21.15. The stock has a market capitalization of $616.24 million, a price-to-earnings ratio of 34.84 and a beta of 0.78.

CTO Realty Growth Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Thursday, December 12th were paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 7.39%. The ex-dividend date of this dividend was Thursday, December 12th. CTO Realty Growth's dividend payout ratio (DPR) is currently 257.63%.

Analyst Ratings Changes

CTO has been the subject of several recent analyst reports. StockNews.com cut CTO Realty Growth from a "hold" rating to a "sell" rating in a research report on Monday, October 28th. Raymond James upgraded CTO Realty Growth from an "outperform" rating to a "strong-buy" rating and boosted their target price for the stock from $22.00 to $24.00 in a research report on Wednesday, October 30th.

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.