Vanguard Group Inc. Trims Stock Holdings in CTO Realty Growth, Inc. (NYSE:CTO)

Vanguard Group Inc. trimmed its holdings in CTO Realty Growth, Inc. (NYSE:CTO) by 0.1% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 1,061,742 shares of the company’s stock after selling 953 shares during the period. Vanguard Group Inc.’s holdings in CTO Realty Growth were worth $17,211,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Ancora Advisors LLC raised its holdings in shares of CTO Realty Growth by 0.5% in the third quarter. Ancora Advisors LLC now owns 376,575 shares of the company’s stock worth $6,104,000 after buying an additional 1,926 shares during the period. Quadrature Capital Ltd purchased a new position in CTO Realty Growth during the 3rd quarter worth $260,000. Penserra Capital Management LLC increased its holdings in CTO Realty Growth by 14.5% during the 3rd quarter. Penserra Capital Management LLC now owns 29,364 shares of the company’s stock worth $475,000 after purchasing an additional 3,710 shares during the period. Brown Advisory Inc. increased its holdings in CTO Realty Growth by 7.3% during the 3rd quarter. Brown Advisory Inc. now owns 366,105 shares of the company’s stock worth $5,935,000 after purchasing an additional 25,048 shares during the period. Finally, Truvestments Capital LLC increased its holdings in CTO Realty Growth by 2.4% during the 3rd quarter. Truvestments Capital LLC now owns 111,740 shares of the company’s stock worth $1,811,000 after purchasing an additional 2,642 shares during the period. 67.18% of the stock is currently owned by hedge funds and other institutional investors.

CTO Realty Growth Stock Up 0.1 %

CTO Realty Growth stock opened at $16.91 on Monday. The company has a debt-to-equity ratio of 1.08, a current ratio of 3.77 and a quick ratio of 3.77. The stock has a market capitalization of $385.72 million, a price-to-earnings ratio of 563.67 and a beta of 0.77. CTO Realty Growth, Inc. has a 1-year low of $15.63 and a 1-year high of $18.03. The business has a fifty day moving average price of $16.78 and a 200-day moving average price of $16.74.

CTO Realty Growth Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were given a $0.38 dividend. The ex-dividend date of this dividend 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 5,066.67%.

Wall Street Analysts Forecast Growth

CTO has been the topic of several research reports. Alliance Global Partners initiated coverage on CTO Realty Growth in a report on Monday, April 8th. They set a “buy” rating and a $20.00 price objective on the stock. StockNews.com upgraded CTO Realty Growth from a “sell” rating to a “hold” rating in a report on Wednesday, December 27th. Finally, B. Riley reiterated a “buy” rating on shares of CTO Realty Growth in a report on Friday, February 2nd. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target 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.