Dimensional Fund Advisors LP Increases Stock Holdings in CTO Realty Growth, Inc. (NYSE:CTO)

Dimensional Fund Advisors LP increased its stake in CTO Realty Growth, Inc. (NYSE:CTO) by 0.4% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 299,434 shares of the company’s stock after acquiring an additional 1,302 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.30% of CTO Realty Growth worth $5,228,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. Heitman Real Estate Securities LLC raised its holdings in CTO Realty Growth by 8.6% in the 4th quarter. Heitman Real Estate Securities LLC now owns 941,612 shares of the company’s stock valued at $16,318,000 after acquiring an additional 74,939 shares during the last quarter. Russell Investments Group Ltd. grew its stake in shares of CTO Realty Growth by 11.9% in the 1st quarter. Russell Investments Group Ltd. now owns 393,252 shares of the company’s stock valued at $6,666,000 after buying an additional 41,938 shares during the period. LDR Capital Management LLC acquired a new stake in shares of CTO Realty Growth during the 2nd quarter worth approximately $483,000. CWM LLC raised its position in shares of CTO Realty Growth by 17.5% during the 2nd quarter. CWM LLC now owns 4,527 shares of the company’s stock valued at $79,000 after buying an additional 673 shares during the period. Finally, Ingalls & Snyder LLC lifted its holdings in CTO Realty Growth by 223.2% in the second quarter. Ingalls & Snyder LLC now owns 395,870 shares of the company’s stock valued at $6,912,000 after acquiring an additional 273,400 shares during the last quarter. 67.18% of the stock is currently owned by institutional investors and hedge funds.

CTO Realty Growth Trading Up 0.7 %

CTO opened at $18.81 on Wednesday. CTO Realty Growth, Inc. has a 52 week low of $15.64 and a 52 week high of $21.15. The company has a quick ratio of 3.42, a current ratio of 3.42 and a debt-to-equity ratio of 0.98. The business has a fifty day simple moving average of $19.22 and a 200-day simple moving average of $18.14. The firm has a market cap of $431.50 million, a P/E ratio of 34.19 and a beta of 0.76.

CTO Realty Growth (NYSE:CTO) last announced its earnings results on Thursday, July 25th. The company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.42). The firm had revenue of $28.85 million for the quarter, compared to analysts’ expectations of $27.46 million. CTO Realty Growth had a net margin of 14.52% and a return on equity of 3.55%. During the same quarter last year, the business earned $0.48 earnings per share. On average, equities analysts expect that CTO Realty Growth, Inc. will post 1.79 earnings per share for the current year.

CTO Realty Growth Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 12th were issued a dividend of $0.38 per share. The ex-dividend date was Thursday, September 12th. This represents a $1.52 dividend on an annualized basis and a yield of 8.08%. CTO Realty Growth’s dividend payout ratio (DPR) is presently 276.36%.

Analysts Set New Price Targets

Several research firms have issued reports on CTO. Raymond James raised their target price on CTO Realty Growth from $20.00 to $22.00 and gave the stock an “outperform” rating in a research note on Friday, August 16th. Alliance Global Partners raised shares of CTO Realty Growth to a “strong-buy” rating in a research report on Friday, July 26th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $20.33.

Insider Buying and Selling at CTO Realty Growth

In other news, Director Christopher W. Haga sold 3,000 shares of the company’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $19.19, for a total transaction of $57,570.00. Following the sale, the director now owns 44,988 shares of the company’s stock, valued at approximately $863,319.72. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.00% of the stock is currently owned by corporate insiders.

About CTO Realty Growth

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.