CTO Realty Growth, Inc. (NYSE:CTO) Shares Purchased by Quantbot Technologies LP

Quantbot Technologies LP raised its position in CTO Realty Growth, Inc. (NYSE:CTO - Free Report) by 92.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,345 shares of the company's stock after purchasing an additional 26,586 shares during the quarter. Quantbot Technologies LP owned 0.18% of CTO Realty Growth worth $1,091,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Thrivent Financial for Lutherans purchased a new stake in CTO Realty Growth during the fourth quarter worth approximately $4,673,000. Truvestments Capital LLC lifted its holdings in shares of CTO Realty Growth by 5.2% during the 4th quarter. Truvestments Capital LLC now owns 163,862 shares of the company's stock valued at $3,230,000 after acquiring an additional 8,128 shares in the last quarter. HighTower Advisors LLC purchased a new stake in CTO Realty Growth during the 4th quarter worth $914,000. Daiwa Securities Group Inc. increased its holdings 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 purchasing an additional 2,118 shares in the last quarter. Finally, AlphaQuest LLC raised its position in CTO Realty Growth by 1,177.9% in the fourth quarter. AlphaQuest LLC now owns 30,185 shares of the company's stock valued at $595,000 after purchasing an additional 27,823 shares during the period. 67.18% of the stock is owned by institutional investors and hedge funds.

CTO Realty Growth Stock Up 0.6 %

Shares of NYSE:CTO traded up $0.12 during trading on Friday, hitting $19.31. The company's stock had a trading volume of 346,155 shares, compared to its average volume of 329,706. The company has a market capitalization of $614.89 million, a PE ratio of -87.77 and a beta of 0.77. CTO Realty Growth, Inc. has a fifty-two week low of $16.51 and a fifty-two 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 stock's 50-day moving average price is $19.42 and its two-hundred day moving average price is $19.51.

CTO Realty Growth (NYSE:CTO - Get Free Report) last announced its earnings results 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 for the quarter, compared to analyst estimates of $33.39 million. As a group, sell-side analysts expect that CTO Realty Growth, Inc. will post 1.92 EPS for the current year.

CTO Realty Growth Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 13th will be given a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 7.87%. The ex-dividend date is Thursday, March 13th. CTO Realty Growth's payout ratio is currently -690.91%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on CTO. B. Riley reaffirmed a "buy" rating and issued a $23.00 target price (up previously from $22.50) on shares of CTO Realty Growth in a research report on Wednesday, March 5th. StockNews.com downgraded shares of CTO Realty Growth from a "hold" rating to a "sell" rating in a research 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 given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Buy" and a consensus price target of $21.50.

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.