Kennedy Capital Management LLC Acquires 83,661 Shares of CTO Realty Growth, Inc. (NYSE:CTO)

Kennedy Capital Management LLC increased its stake in CTO Realty Growth, Inc. (NYSE:CTO - Free Report) by 34.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 327,906 shares of the company's stock after buying an additional 83,661 shares during the period. Kennedy Capital Management LLC owned 1.09% of CTO Realty Growth worth $6,463,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in CTO Realty Growth by 118.6% in the 4th quarter. Vanguard Group Inc. now owns 2,514,789 shares of the company's stock worth $49,566,000 after purchasing an additional 1,364,637 shares in the last quarter. Invesco Ltd. increased its holdings in shares of CTO Realty Growth by 681.9% during the 4th 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 in the last quarter. APG Asset Management US Inc. purchased a new stake in shares of CTO Realty Growth during the fourth quarter worth approximately $6,500,000. Thrivent Financial for Lutherans acquired a new stake in CTO Realty Growth during the fourth quarter worth $4,673,000. Finally, Charles Schwab Investment Management Inc. boosted its position in CTO Realty Growth by 143.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 392,102 shares of the company's stock valued at $7,728,000 after buying an additional 230,811 shares during the period. 67.18% of the stock is currently owned by institutional investors.

CTO Realty Growth Trading Up 1.2 %

NYSE CTO traded up $0.22 during trading hours on Thursday, reaching $18.21. The company's stock had a trading volume of 64,722 shares, compared to its average volume of 336,571. The stock has a market cap of $579.86 million, a P/E ratio of -82.77 and a beta of 0.61. The firm has a fifty day simple moving average of $18.90 and a 200-day simple moving average of $19.39. The company has a debt-to-equity ratio of 0.88, a current ratio of 3.96 and a quick ratio of 3.96. CTO Realty Growth, Inc. has a 52 week low of $16.12 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 earnings per share for the quarter, topping 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 company had revenue of $35.74 million for the quarter, compared to the consensus estimate of $33.39 million. Equities analysts forecast that CTO Realty Growth, Inc. will post 1.92 earnings per share for the current fiscal year.

CTO Realty Growth Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders 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 annualized dividend and a yield of 8.35%. CTO Realty Growth's dividend payout ratio (DPR) is presently -690.91%.

Wall Street Analysts Forecast Growth

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

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.