CTO Realty Growth, Inc. (NYSE:CTO) Shares Sold by Ingalls & Snyder LLC

Ingalls & Snyder LLC reduced its stake in CTO Realty Growth, Inc. (NYSE:CTO - Free Report) by 6.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 371,803 shares of the company's stock after selling 25,308 shares during the period. Ingalls & Snyder LLC owned 1.24% of CTO Realty Growth worth $7,328,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Heitman Real Estate Securities LLC increased 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 acquiring an additional 205,383 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of CTO Realty Growth by 162.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 161,291 shares of the company's stock valued at $3,068,000 after buying an additional 99,943 shares during the period. Los Angeles Capital Management LLC bought a new stake in shares of CTO Realty Growth in the third quarter valued at approximately $1,794,000. Atom Investors LP acquired a new position in CTO Realty Growth during the third quarter valued at approximately $1,149,000. Finally, Barclays PLC raised 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 valued at $1,063,000 after purchasing an additional 39,986 shares in the last quarter. Institutional investors and hedge funds own 67.18% of the company's stock.

CTO Realty Growth Stock Down 0.6 %

Shares of CTO traded down $0.13 on Friday, reaching $20.56. The stock had a trading volume of 188,413 shares, compared to its average volume of 221,126. The firm has a market capitalization of $616.24 million, a price-to-earnings ratio of 34.84 and a beta of 0.78. The company has a debt-to-equity ratio of 0.88, a quick ratio of 3.96 and a current ratio of 3.96. The company has a 50-day simple moving average of $19.77 and a 200-day simple moving average of $19.56. CTO Realty Growth, Inc. has a 12-month low of $16.32 and a 12-month high of $21.15.

CTO Realty Growth Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Thursday, December 12th were issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 7.39%. The ex-dividend date of this dividend was Thursday, December 12th. CTO Realty Growth's payout ratio is 257.63%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on CTO. Raymond James raised shares of CTO Realty Growth from an "outperform" rating to a "strong-buy" rating and boosted their price objective for the stock from $22.00 to $24.00 in a research note on Wednesday, October 30th. StockNews.com downgraded CTO Realty Growth from a "hold" rating to a "sell" rating in a report on Monday, October 28th.

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.