Prevail Innovative Wealth Advisors LLC Grows Stake in CTO Realty Growth, Inc. (NYSE:CTO)

Prevail Innovative Wealth Advisors LLC grew its holdings in CTO Realty Growth, Inc. (NYSE:CTO - Free Report) by 130.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 203,541 shares of the company's stock after buying an additional 115,146 shares during the quarter. CTO Realty Growth makes up about 1.2% of Prevail Innovative Wealth Advisors LLC's investment portfolio, making the stock its 24th largest holding. Prevail Innovative Wealth Advisors LLC owned approximately 0.68% of CTO Realty Growth worth $4,012,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Point72 DIFC Ltd purchased a new stake in shares of CTO Realty Growth in the 3rd quarter worth about $94,000. Daiwa Securities Group Inc. raised its stake in CTO Realty Growth by 32.3% in the fourth quarter. Daiwa Securities Group Inc. now owns 8,666 shares of the company's stock worth $171,000 after buying an additional 2,118 shares in the last quarter. Cornerstone Investment Partners LLC purchased a new stake in CTO Realty Growth in the fourth quarter worth about $201,000. Dynamic Technology Lab Private Ltd bought a new stake in CTO Realty Growth during the 3rd quarter valued at approximately $205,000. Finally, Sanctuary Advisors LLC bought a new stake in CTO Realty Growth during the 3rd quarter valued at approximately $205,000. 67.18% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CTO has been the subject of a number of research analyst reports. StockNews.com cut 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 objective (up previously from $22.50) on shares of CTO Realty Growth in a research report on Wednesday, March 5th. One analyst has rated the stock with a sell rating, two have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $21.50.

CTO Realty Growth Stock Down 1.7 %

Shares of CTO traded down $0.33 during mid-day trading on Thursday, reaching $19.11. The company had a trading volume of 125,412 shares, compared to its average volume of 329,942. CTO Realty Growth, Inc. has a 52 week low of $16.51 and a 52 week high of $21.15. 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 market capitalization of $608.52 million, a price-to-earnings ratio of -86.86 and a beta of 0.77. The firm has a 50-day moving average price of $19.40 and a 200 day moving average price of $19.52.

CTO Realty Growth (NYSE:CTO - Get Free Report) last released its earnings results 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 for the quarter, compared to analysts' expectations of $33.39 million. CTO Realty Growth had a negative return on equity of 0.38% and a negative net margin of 1.58%. On average, sell-side analysts forecast that CTO Realty Growth, Inc. will post 1.92 EPS for the current year.

CTO Realty Growth Dividend Announcement

The firm also recently disclosed 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 of this dividend was Thursday, March 13th. This represents a $1.52 annualized dividend and a yield of 7.95%. CTO Realty Growth's payout ratio is -690.91%.

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.