CTO Realty Growth (NYSE:CTO) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of CTO Realty Growth (NYSE:CTO - Free Report) from a sell rating to a hold rating in a research report report published on Friday.

Separately, Raymond James raised shares of CTO Realty Growth from an "outperform" rating to a "strong-buy" rating and increased their price objective for the stock from $22.00 to $24.00 in a research report on Wednesday, October 30th.

CTO Realty Growth Trading Up 0.5 %

CTO traded up $0.10 during trading on Friday, hitting $18.94. The company's stock had a trading volume of 805,273 shares, compared to its average volume of 275,658. The firm has a market capitalization of $567.67 million, a P/E ratio of -86.07 and a beta of 0.78. CTO Realty Growth has a twelve month low of $16.33 and a twelve month high of $21.15. The stock's fifty day moving average price is $19.71 and its 200-day moving average price is $19.56. The company has a quick ratio of 3.96, a current ratio of 3.96 and a debt-to-equity ratio of 0.88.

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

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CTO Realty Growth Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 13th will be given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 8.03%. The ex-dividend date of this dividend is Thursday, March 13th. CTO Realty Growth's payout ratio is currently -690.91%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Charles Schwab Investment Management Inc. raised its holdings in shares of CTO Realty Growth by 162.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 161,291 shares of the company's stock worth $3,068,000 after acquiring an additional 99,943 shares during the last quarter. Entropy Technologies LP bought a new stake in CTO Realty Growth during the 4th quarter worth approximately $406,000. Barclays PLC raised its stake in shares of CTO Realty Growth by 251.1% in the third quarter. Barclays PLC now owns 55,911 shares of the company's stock worth $1,063,000 after purchasing an additional 39,986 shares during the last quarter. Sequoia Financial Advisors LLC bought a new position in shares of CTO Realty Growth in the third quarter valued at approximately $404,000. Finally, FMR LLC boosted its position in shares of CTO Realty Growth by 461.4% during the third quarter. FMR LLC now owns 13,608 shares of the company's stock valued at $259,000 after buying an additional 11,184 shares during the last quarter. 67.18% of the stock is owned by institutional investors.

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.