CTO Realty Growth, Inc. (NYSE:CTO) Shares Sold by Boston Partners

Boston Partners trimmed its position in shares of CTO Realty Growth, Inc. (NYSE:CTO) by 10.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 221,331 shares of the company’s stock after selling 26,294 shares during the period. Boston Partners owned 0.74% of CTO Realty Growth worth $4,362,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of CTO. Thrivent Financial for Lutherans bought a new stake in shares of CTO Realty Growth during the fourth quarter valued at approximately $4,673,000. Charles Schwab Investment Management Inc. increased its position in CTO Realty Growth by 143.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 392,102 shares of the company’s stock valued at $7,728,000 after acquiring an additional 230,811 shares during the period. Heitman Real Estate Securities LLC raised its stake in CTO Realty Growth by 26.2% during the 3rd quarter. Heitman Real Estate Securities LLC now owns 989,073 shares of the company’s stock valued at $18,812,000 after acquiring an additional 205,383 shares in the last quarter. Raymond James Financial Inc. acquired a new position in CTO Realty Growth during the 4th quarter worth $3,787,000. Finally, Leeward Investments LLC MA bought a new position in shares of CTO Realty Growth in the fourth quarter worth $1,706,000. Institutional investors own 67.18% of the company’s stock.

CTO Realty Growth Price Performance

NYSE:CTO opened at $18.94 on Friday. 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 business’s 50-day moving average price is $19.46 and its 200 day moving average price is $19.52. CTO Realty Growth, Inc. has a 52-week low of $16.51 and a 52-week high of $21.15. The firm has a market cap of $603.07 million, a P/E ratio of -86.09 and a beta of 0.77.

CTO Realty Growth (NYSE:CTO) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.49 earnings per share (EPS) for the quarter, topping 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 company had revenue of $35.74 million for the quarter, compared to analysts’ expectations of $33.39 million. As a group, sell-side analysts predict that CTO Realty Growth, Inc. will post 1.92 earnings per share for the current fiscal year.

CTO Realty Growth Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 13th will be given a dividend of $0.38 per share. The ex-dividend date is Thursday, March 13th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 8.03%. CTO Realty Growth’s dividend payout ratio (DPR) is presently -690.91%.

Wall Street Analyst Weigh In

CTO has been the topic of a number of recent analyst reports. B. Riley restated a “buy” rating and set a $23.00 price objective (up from $22.50) on shares of CTO Realty Growth in a research note 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 analyst has rated the stock with a sell rating, two have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $21.50.

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.