46,381 Shares in CTO Realty Growth, Inc. (NYSE:CTO) Bought by HighTower Advisors LLC

HighTower Advisors LLC purchased a new stake in shares of CTO Realty Growth, Inc. (NYSE:CTO) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 46,381 shares of the company’s stock, valued at approximately $914,000. HighTower Advisors LLC owned approximately 0.15% of CTO Realty Growth as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. grew its holdings in shares of CTO Realty Growth by 143.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 392,102 shares of the company’s stock valued at $7,728,000 after purchasing an additional 230,811 shares during the last quarter. Heitman Real Estate Securities LLC grew its stake in shares of CTO Realty Growth by 26.2% during the third quarter. Heitman Real Estate Securities LLC now owns 989,073 shares of the company’s stock valued at $18,812,000 after buying an additional 205,383 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of CTO Realty Growth during the fourth quarter valued at about $3,787,000. Leeward Investments LLC MA purchased a new position in shares of CTO Realty Growth in the fourth quarter worth about $1,706,000. Finally, Atom Investors LP bought a new stake in shares of CTO Realty Growth in the 3rd quarter valued at about $1,149,000. Institutional investors own 67.18% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on CTO shares. StockNews.com lowered CTO Realty Growth from a “hold” rating to a “sell” rating in a research note on Saturday, March 1st. B. Riley reiterated a “buy” rating and set a $23.00 price target (up from $22.50) on shares of CTO Realty Growth in a report on Wednesday, March 5th. One research analyst has rated the stock with a sell rating, two have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, CTO Realty Growth has an average rating of “Buy” and an average price target of $21.50.

CTO Realty Growth Stock Performance

Shares of NYSE CTO opened at $19.15 on Friday. CTO Realty Growth, Inc. has a 12-month low of $16.51 and a 12-month high of $21.15. The firm has a market capitalization of $609.79 million, a price-to-earnings ratio of -87.05 and a beta of 0.77. 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 50 day moving average of $19.42 and a 200 day moving average of $19.52.

CTO Realty Growth (NYSE:CTO) last released its earnings results on Thursday, February 20th. The company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $35.74 million for the quarter, compared to analysts’ expectations of $33.39 million. On average, research analysts anticipate that CTO Realty Growth, Inc. will post 1.92 earnings per share for the current year.

CTO Realty Growth Dividend Announcement

The company also recently announced 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. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 7.94%. CTO Realty Growth’s dividend payout ratio is currently -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.