JPMorgan Chase & Co. Grows Position in CTO Realty Growth, Inc. (NYSE:CTO)

JPMorgan Chase & Co. boosted its holdings in CTO Realty Growth, Inc. (NYSE:CTO - Free Report) by 155.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 162,645 shares of the company's stock after purchasing an additional 98,962 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.54% of CTO Realty Growth worth $3,206,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Barclays PLC boosted its stake 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 buying an additional 39,986 shares during the last quarter. Sanctuary Advisors LLC purchased a new position in shares of CTO Realty Growth in the third quarter valued at $205,000. Franklin Resources Inc. increased its position in CTO Realty Growth by 9.8% in the third quarter. Franklin Resources Inc. now owns 209,511 shares of the company's stock worth $3,972,000 after purchasing an additional 18,743 shares during the last quarter. Principal Financial Group Inc. bought a new position in CTO Realty Growth during the third quarter valued at $253,000. Finally, SG Americas Securities LLC lifted its position in CTO Realty Growth by 42.4% during the fourth quarter. SG Americas Securities LLC now owns 13,202 shares of the company's stock valued at $260,000 after purchasing an additional 3,933 shares during the last quarter. 67.18% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. B. Riley restated a "buy" rating and set a $23.00 target price (up from $22.50) on shares of CTO Realty Growth in a research report on Wednesday, March 5th. StockNews.com lowered CTO Realty Growth from a "hold" rating to a "sell" rating in a research note on Saturday, March 1st. One equities research analyst has rated the stock with a sell rating, two have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, CTO Realty Growth has an average rating of "Buy" and an average target price of $22.00.

CTO Realty Growth Trading Down 0.6 %

NYSE CTO traded down $0.10 during trading on Friday, hitting $17.89. The stock had a trading volume of 97,757 shares, compared to its average volume of 339,164. CTO Realty Growth, Inc. has a one year low of $16.12 and a one year high of $21.15. The stock has a 50 day simple moving average of $18.63 and a 200 day simple moving average of $19.36. The stock has a market capitalization of $569.70 million, a price-to-earnings ratio of -81.33 and a beta of 0.61. The company has a debt-to-equity ratio of 0.88, a quick ratio of 3.96 and a current ratio of 3.96.

CTO Realty Growth (NYSE:CTO - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.01 by $0.48. CTO Realty Growth had a negative return on equity of 0.38% and a negative net margin of 1.58%. The company had revenue of $35.74 million during the quarter, compared to analysts' expectations of $33.39 million. Sell-side analysts predict that CTO Realty Growth, Inc. will post 1.92 earnings per share for the current year.

CTO Realty Growth Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 13th were issued a $0.38 dividend. The ex-dividend date was Thursday, March 13th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 8.50%. CTO Realty Growth's payout ratio is -690.91%.

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.