Thrivent Financial for Lutherans Makes New $4.67 Million Investment in CTO Realty Growth, Inc. (NYSE:CTO)

Thrivent Financial for Lutherans bought a new position in CTO Realty Growth, Inc. (NYSE:CTO - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 237,067 shares of the company's stock, valued at approximately $4,673,000. Thrivent Financial for Lutherans owned 0.79% of CTO Realty Growth at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CTO. Charles Schwab Investment Management Inc. increased its holdings in shares of CTO Realty Growth by 162.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 161,291 shares of the company's stock worth $3,068,000 after purchasing an additional 99,943 shares during the period. Entropy Technologies LP bought a new position in CTO Realty Growth during the fourth quarter valued at about $406,000. Barclays PLC increased its position in shares of CTO Realty Growth by 251.1% during the third quarter. Barclays PLC now owns 55,911 shares of the company's stock valued at $1,063,000 after purchasing an additional 39,986 shares during the period. Principal Financial Group Inc. raised its stake in shares of CTO Realty Growth by 13.7% in the 4th quarter. Principal Financial Group Inc. now owns 15,139 shares of the company's stock valued at $298,000 after buying an additional 1,821 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in CTO Realty Growth in the fourth quarter worth about $3,787,000. Institutional investors and hedge funds own 67.18% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on CTO shares. StockNews.com cut CTO Realty Growth from a "hold" rating to a "sell" rating in a report on Saturday, March 1st. B. Riley restated a "buy" rating and issued 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 issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $21.50.

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CTO Realty Growth Stock Performance

Shares of NYSE:CTO traded up $0.12 during trading on Friday, reaching $19.31. 346,155 shares of the stock were exchanged, compared to its average volume of 329,192. CTO Realty Growth, Inc. has a 12 month low of $16.51 and a 12 month high of $21.15. The stock has a 50-day moving average price of $19.42 and a 200-day moving average price of $19.52. The company has a current ratio of 3.96, a quick ratio of 3.96 and a debt-to-equity ratio of 0.88. The firm has a market cap of $614.89 million, a PE ratio of -87.77 and a beta of 0.77.

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, beating the consensus estimate of $0.01 by $0.48. The firm had revenue of $35.74 million for 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%. Research analysts expect that CTO Realty Growth, Inc. will post 1.92 EPS for the current fiscal year.

CTO Realty Growth Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 13th will be issued a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $1.52 annualized dividend and a yield of 7.87%. 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.