Vanguard Group Inc. Grows Holdings in CTO Realty Growth, Inc. (NYSE:CTO)

Vanguard Group Inc. raised its position in CTO Realty Growth, Inc. (NYSE:CTO - Free Report) by 118.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,514,789 shares of the company's stock after acquiring an additional 1,364,637 shares during the quarter. Vanguard Group Inc. owned approximately 8.39% of CTO Realty Growth worth $49,566,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Daiwa Securities Group Inc. grew its position in CTO Realty Growth by 32.3% during the fourth quarter. Daiwa Securities Group Inc. now owns 8,666 shares of the company's stock valued at $171,000 after buying an additional 2,118 shares during the period. Cornerstone Investment Partners LLC bought a new stake in shares of CTO Realty Growth during the 4th quarter valued at $201,000. Sanctuary Advisors LLC bought a new position in CTO Realty Growth in the 3rd quarter worth $205,000. Longboard Asset Management LP bought a new stake in CTO Realty Growth during the fourth quarter valued at about $212,000. Finally, Proficio Capital Partners LLC bought a new stake in CTO Realty Growth during the fourth quarter valued at about $240,000. 67.18% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on CTO. B. Riley reaffirmed a "buy" rating and set a $23.00 price objective (up 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 investment 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, CTO Realty Growth has a consensus rating of "Buy" and a consensus target price of $22.00.

CTO Realty Growth Price Performance

CTO Realty Growth stock traded up $0.15 during mid-day trading on Thursday, reaching $18.14. 35,509 shares of the company's stock traded hands, compared to its average volume of 325,882. CTO Realty Growth, Inc. has a 12-month low of $16.12 and a 12-month 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 stock has a 50 day moving average of $18.90 and a two-hundred day moving average of $19.39. The company has a market cap of $577.63 million, a price-to-earnings ratio of -82.48 and a beta of 0.61.

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 the consensus estimate of $0.01 by $0.48. CTO Realty Growth had a negative net margin of 1.58% and a negative return on equity of 0.38%. The firm had revenue of $35.74 million for the quarter, compared to analysts' expectations of $33.39 million. Equities analysts forecast that CTO Realty Growth, Inc. will post 1.92 earnings per share for the current year.

CTO Realty Growth Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 13th were paid a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 8.38%. The ex-dividend date of this dividend was Thursday, March 13th. CTO Realty Growth's payout ratio is -690.91%.

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.