CTO Realty Growth, Inc. (NYSE:CTO) Shares Sold by Raymond James & Associates

Raymond James & Associates trimmed its holdings in shares of CTO Realty Growth, Inc. (NYSE:CTO) by 19.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,453 shares of the company’s stock after selling 3,700 shares during the quarter. Raymond James & Associates’ holdings in CTO Realty Growth were worth $268,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Brown Advisory Inc. increased its position in shares of CTO Realty Growth by 7.3% during the third quarter. Brown Advisory Inc. now owns 366,105 shares of the company’s stock valued at $5,935,000 after acquiring an additional 25,048 shares during the last quarter. Quadrature Capital Ltd purchased a new position in shares of CTO Realty Growth during the 3rd quarter worth approximately $260,000. State of New Jersey Common Pension Fund D increased its holdings in CTO Realty Growth by 6.1% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 175,000 shares of the company’s stock valued at $2,837,000 after purchasing an additional 10,000 shares during the last quarter. SG Americas Securities LLC acquired a new position in CTO Realty Growth during the third quarter worth $151,000. Finally, Boston Partners boosted its position in shares of CTO Realty Growth by 11.7% during the third quarter. Boston Partners now owns 38,154 shares of the company’s stock worth $618,000 after buying an additional 4,011 shares during the period. Institutional investors and hedge funds own 67.18% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on CTO. Alliance Global Partners initiated coverage on CTO Realty Growth in a report on Monday, April 8th. They issued a “buy” rating and a $20.00 price objective on the stock. B. Riley reiterated a “buy” rating on shares of CTO Realty Growth in a research note on Friday, February 2nd. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $20.00.

CTO Realty Growth Trading Up 1.1 %

NYSE:CTO opened at $17.32 on Tuesday. CTO Realty Growth, Inc. has a 12-month low of $15.63 and a 12-month high of $18.03. The firm has a market cap of $395.07 million, a PE ratio of 577.33 and a beta of 0.77. The company has a current ratio of 3.77, a quick ratio of 3.77 and a debt-to-equity ratio of 1.08. The stock has a fifty day moving average price of $16.87 and a 200 day moving average price of $16.79.

CTO Realty Growth Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 8.78%. The ex-dividend date was Wednesday, March 13th. CTO Realty Growth’s dividend payout ratio is presently 5,066.67%.

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.