CTO Realty Growth, Inc. (NYSE:CTO) Shares Acquired by Jump Financial LLC

Jump Financial LLC boosted its stake in CTO Realty Growth, Inc. (NYSE:CTO - Free Report) by 171.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 27,415 shares of the company's stock after acquiring an additional 17,315 shares during the quarter. Jump Financial LLC owned about 0.09% of CTO Realty Growth worth $540,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in CTO. Summit Investment Advisors Inc. boosted its stake in shares of CTO Realty Growth by 39.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 3,020 shares of the company's stock valued at $60,000 after purchasing an additional 852 shares during the period. Daiwa Securities Group Inc. boosted its position in CTO Realty Growth by 32.3% in the 4th quarter. Daiwa Securities Group Inc. now owns 8,666 shares of the company's stock valued at $171,000 after buying an additional 2,118 shares during the last quarter. Cornerstone Investment Partners LLC acquired a new stake in shares of CTO Realty Growth during the fourth quarter valued at about $201,000. Resona Asset Management Co. Ltd. purchased a new stake in shares of CTO Realty Growth during the fourth quarter worth about $203,000. Finally, Sanctuary Advisors LLC purchased a new stake in shares of CTO Realty Growth during the third quarter worth about $205,000. Hedge funds and other institutional investors own 67.18% of the company's stock.

CTO Realty Growth Stock Up 0.1 %

CTO Realty Growth stock traded up $0.02 during midday trading on Tuesday, hitting $18.24. The stock had a trading volume of 44,861 shares, compared to its average volume of 339,755. The business has a fifty day moving average price of $18.55 and a 200 day moving average price of $19.36. CTO Realty Growth, Inc. has a 12 month low of $16.12 and a 12 month high of $21.15. The stock has a market cap of $580.82 million, a P/E ratio of -83.02 and a beta of 0.61. The company has a current ratio of 3.96, a quick ratio of 3.96 and a debt-to-equity ratio of 0.88.

CTO Realty Growth (NYSE:CTO - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.49 earnings per share 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 business had revenue of $35.74 million during the quarter, compared to the consensus estimate of $33.39 million. Research analysts predict that CTO Realty Growth, Inc. will post 1.92 EPS for the current year.

CTO Realty Growth Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 13th were issued a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 8.33%. The ex-dividend date of this dividend was Thursday, March 13th. CTO Realty Growth's dividend payout ratio (DPR) is presently -690.91%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on CTO. StockNews.com lowered CTO Realty Growth from a "hold" rating to a "sell" rating in a research note on Saturday, March 1st. B. Riley reissued a "buy" rating and set a $23.00 price target (up previously from $22.50) on shares of CTO Realty Growth in a research report on Wednesday, March 5th. One research analyst has rated the stock with a sell rating, two have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, CTO Realty Growth has a consensus rating of "Buy" and a consensus target price of $22.00.

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.