Leeward Investments LLC MA Takes $1.71 Million Position in CTO Realty Growth, Inc. (NYSE:CTO)

Leeward Investments LLC MA acquired a new stake in shares of CTO Realty Growth, Inc. (NYSE:CTO) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 86,580 shares of the company’s stock, valued at approximately $1,706,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. LDR Capital Management LLC boosted its holdings in CTO Realty Growth by 237.8% in the 4th quarter. LDR Capital Management LLC now owns 68,412 shares of the company’s stock valued at $1,348,000 after purchasing an additional 48,162 shares during the period. Sanctuary Advisors LLC boosted its stake in CTO Realty Growth by 17.3% during the fourth quarter. Sanctuary Advisors LLC now owns 12,155 shares of the company’s stock valued at $238,000 after buying an additional 1,796 shares during the period. AlphaCentric Advisors LLC purchased a new position in CTO Realty Growth during the fourth quarter worth about $788,000. Principal Financial Group Inc. increased its stake in CTO Realty Growth by 13.7% in the 4th quarter. Principal Financial Group Inc. now owns 15,139 shares of the company’s stock worth $298,000 after acquiring an additional 1,821 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D raised its holdings in shares of CTO Realty Growth by 37.0% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 200,068 shares of the company’s stock valued at $3,943,000 after acquiring an additional 54,000 shares in the last quarter. Institutional investors own 67.18% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on CTO shares. StockNews.com raised CTO Realty Growth from a “sell” rating to a “hold” rating in a report on Friday. Raymond James upgraded shares of CTO Realty Growth from an “outperform” rating to a “strong-buy” rating and lifted their target price for the company from $22.00 to $24.00 in a research report on Wednesday, October 30th.

CTO Realty Growth Trading Down 5.8 %

Shares of CTO stock opened at $19.04 on Monday. The business has a 50-day moving average price of $19.74 and a two-hundred day moving average price of $19.57. CTO Realty Growth, Inc. has a 12-month low of $16.33 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 firm has a market cap of $570.67 million, a P/E ratio of -86.52 and a beta of 0.78.

CTO Realty Growth (NYSE:CTO) last released its earnings results on Thursday, February 20th. The company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.48. CTO Realty Growth had a negative return on equity of 0.38% and a negative net margin of 1.58%. The company had revenue of $35.74 million during the quarter, compared to the consensus estimate of $33.39 million. Equities analysts anticipate that CTO Realty Growth, Inc. will post 1.92 EPS for the current fiscal year.

CTO Realty Growth Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 13th will be paid a $0.38 dividend. The ex-dividend date is Thursday, March 13th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 7.99%. CTO Realty Growth’s dividend payout ratio (DPR) 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.