CTO Realty Growth, Inc. (NYSE:CTO) Shares Purchased by LSV Asset Management

LSV Asset Management boosted its stake in CTO Realty Growth, Inc. (NYSE:CTO - Free Report) by 4.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 381,580 shares of the company's stock after purchasing an additional 15,500 shares during the period. LSV Asset Management owned approximately 1.27% of CTO Realty Growth worth $7,521,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. Cutler Capital Management LLC grew its holdings in CTO Realty Growth by 2.0% during the 4th quarter. Cutler Capital Management LLC now owns 179,766 shares of the company's stock valued at $3,543,000 after purchasing an additional 3,600 shares in the last quarter. APG Asset Management US Inc. acquired a new stake in shares of CTO Realty Growth during the fourth quarter valued at about $6,500,000. Raymond James Financial Inc. purchased a new stake in shares of CTO Realty Growth during the fourth quarter worth about $3,787,000. Martingale Asset Management L P lifted its stake in shares of CTO Realty Growth by 16.0% in the fourth quarter. Martingale Asset Management L P now owns 27,515 shares of the company's stock worth $542,000 after acquiring an additional 3,800 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings in CTO Realty Growth by 681.9% in the fourth 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 during the last quarter. 67.18% of the stock is owned by hedge funds and other institutional investors.

CTO Realty Growth Stock Performance

Shares of CTO traded up $0.13 during mid-day trading on Friday, hitting $18.12. The stock had a trading volume of 195,819 shares, compared to its average volume of 338,733. CTO Realty Growth, Inc. has a fifty-two week low of $16.12 and a fifty-two week high of $21.15. The company has a quick ratio of 3.96, a current ratio of 3.96 and a debt-to-equity ratio of 0.88. The company has a market cap of $577.00 million, a PE ratio of -82.36 and a beta of 0.61. The company's fifty day simple moving average is $18.82 and its two-hundred day simple moving average is $19.38.

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

CTO Realty Growth Announces Dividend

The firm also recently announced 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 of this dividend was Thursday, March 13th. This represents a $1.52 dividend on an annualized basis and a yield of 8.39%. CTO Realty Growth's dividend payout ratio is currently -690.91%.

Analyst Ratings Changes

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