State of Alaska Department of Revenue Acquires 3,242 Shares of CTO Realty Growth, Inc. (NYSE:CTO)

State of Alaska Department of Revenue increased its stake in CTO Realty Growth, Inc. (NYSE:CTO) by 30.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,819 shares of the company’s stock after buying an additional 3,242 shares during the period. State of Alaska Department of Revenue’s holdings in CTO Realty Growth were worth $272,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of CTO. Truvestments Capital LLC boosted its position in CTO Realty Growth by 0.4% during the 3rd quarter. Truvestments Capital LLC now owns 155,734 shares of the company’s stock valued at $2,962,000 after acquiring an additional 551 shares in the last quarter. Signaturefd LLC lifted its stake in shares of CTO Realty Growth by 45.4% during the third quarter. Signaturefd LLC now owns 1,785 shares of the company’s stock worth $34,000 after buying an additional 557 shares during the period. The Manufacturers Life Insurance Company grew its holdings in shares of CTO Realty Growth by 4.5% during the third quarter. The Manufacturers Life Insurance Company now owns 21,297 shares of the company’s stock valued at $405,000 after buying an additional 915 shares during the last quarter. Ingalls & Snyder LLC grew its stake in CTO Realty Growth by 0.3% during the 3rd quarter. Ingalls & Snyder LLC now owns 397,111 shares of the company’s stock valued at $7,553,000 after purchasing an additional 1,241 shares during the last quarter. Finally, Asset Management One Co. Ltd. increased its holdings in CTO Realty Growth by 3.7% in the 3rd quarter. Asset Management One Co. Ltd. now owns 57,754 shares of the company’s stock worth $1,098,000 after buying an additional 2,037 shares during the period. Institutional investors own 67.18% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Raymond James upgraded shares of CTO Realty Growth from an “outperform” rating to a “strong-buy” rating and boosted their target price for the company from $22.00 to $24.00 in a research report on Wednesday, October 30th. StockNews.com cut shares of CTO Realty Growth from a “hold” rating to a “sell” rating in a research note on Monday, October 28th.

CTO Realty Growth Price Performance

CTO Realty Growth stock opened at $20.56 on Friday. The firm has a market capitalization of $616.24 million, a price-to-earnings ratio of 34.84 and a beta of 0.78. The company has a fifty day simple moving average of $19.77 and a 200-day simple moving average of $19.56. CTO Realty Growth, Inc. has a 52-week low of $16.32 and a 52-week 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.

CTO Realty Growth Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Thursday, December 12th were given a $0.38 dividend. The ex-dividend date of this dividend was Thursday, December 12th. This represents a $1.52 annualized dividend and a yield of 7.39%. CTO Realty Growth’s payout ratio is 257.63%.

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.