CTO Realty Growth, Inc. (NYSE:CTO) Stake Lifted by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. lifted its stake in shares of CTO Realty Growth, Inc. (NYSE:CTO) by 41.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 43,925 shares of the company’s stock after acquiring an additional 12,956 shares during the quarter. Asset Management One Co. Ltd. owned about 0.19% of CTO Realty Growth worth $774,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. increased its position in shares of CTO Realty Growth by 12.5% during the 2nd quarter. BlackRock Inc. now owns 1,827,377 shares of the company’s stock valued at $31,321,000 after purchasing an additional 203,538 shares during the period. Vanguard Group Inc. raised its position in CTO Realty Growth by 173.3% in the third quarter. Vanguard Group Inc. now owns 773,984 shares of the company’s stock worth $14,504,000 after acquiring an additional 490,827 shares in the last quarter. State Street Corp raised its position in CTO Realty Growth by 27.8% in the first quarter. State Street Corp now owns 581,066 shares of the company’s stock worth $10,029,000 after acquiring an additional 126,457 shares in the last quarter. Geode Capital Management LLC lifted its holdings in CTO Realty Growth by 3.1% in the 2nd quarter. Geode Capital Management LLC now owns 439,229 shares of the company’s stock valued at $7,528,000 after acquiring an additional 13,050 shares during the last quarter. Finally, Ancora Advisors LLC boosted its position in shares of CTO Realty Growth by 11.3% during the 1st quarter. Ancora Advisors LLC now owns 391,912 shares of the company’s stock valued at $6,764,000 after purchasing an additional 39,768 shares in the last quarter. Institutional investors own 67.18% of the company’s stock.

CTO Realty Growth Stock Up 0.1 %

Shares of NYSE:CTO opened at $16.91 on Friday. The firm has a 50 day simple moving average of $16.78 and a 200 day simple moving average of $16.74. CTO Realty Growth, Inc. has a 52 week low of $15.63 and a 52 week high of $18.03. The company has a debt-to-equity ratio of 1.08, a quick ratio of 3.77 and a current ratio of 3.77. The company has a market cap of $385.72 million, a PE ratio of 563.67 and a beta of 0.77.

CTO Realty Growth Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were issued a $0.38 dividend. The ex-dividend date was Wednesday, March 13th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 8.99%. CTO Realty Growth’s payout ratio is currently 5,066.67%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on CTO. StockNews.com upgraded shares of CTO Realty Growth from a “sell” rating to a “hold” rating in a report on Wednesday, December 27th. Alliance Global Partners started coverage on CTO Realty Growth in a research note on Monday, April 8th. They set a “buy” rating and a $20.00 price objective for the company. Finally, B. Riley reaffirmed a “buy” rating on shares of CTO Realty Growth in a research report on Friday, February 2nd. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $20.00.

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.