SG Americas Securities LLC Decreases Stock Holdings in CTO Realty Growth, Inc. (NYSE:CTO)

SG Americas Securities LLC reduced its position in shares of CTO Realty Growth, Inc. (NYSE:CTO) by 23.7% during the fourth quarter, HoldingsChannel reports. The firm owned 7,115 shares of the company’s stock after selling 2,209 shares during the quarter. SG Americas Securities LLC’s holdings in CTO Realty Growth were worth $123,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. BlackRock Inc. raised its holdings in CTO Realty Growth by 12.5% in the second quarter. BlackRock Inc. now owns 1,827,377 shares of the company’s stock valued at $31,321,000 after acquiring an additional 203,538 shares in the last quarter. Vanguard Group Inc. grew its position in CTO Realty Growth by 173.3% in the 3rd quarter. Vanguard Group Inc. now owns 773,984 shares of the company’s stock valued at $14,504,000 after buying an additional 490,827 shares in the last quarter. State Street Corp grew its position in CTO Realty Growth by 27.8% in the 1st quarter. State Street Corp now owns 581,066 shares of the company’s stock valued at $10,029,000 after buying an additional 126,457 shares in the last quarter. Geode Capital Management LLC grew its position 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 buying an additional 13,050 shares in the last quarter. Finally, Ancora Advisors LLC lifted its holdings in CTO Realty Growth by 11.3% in the 1st quarter. Ancora Advisors LLC now owns 391,912 shares of the company’s stock valued at $6,764,000 after acquiring an additional 39,768 shares during the last quarter. 67.18% of the stock is owned by institutional investors and hedge funds.

CTO Realty Growth Trading Up 0.7 %

Shares of CTO stock opened at $16.72 on Friday. CTO Realty Growth, Inc. has a 12 month low of $15.63 and a 12 month high of $18.03. The company has a quick ratio of 3.77, a current ratio of 3.77 and a debt-to-equity ratio of 1.08. The business’s 50 day moving average is $16.79 and its two-hundred day moving average is $16.74. The company has a market cap of $381.38 million, a PE ratio of 557.33 and a beta of 0.77.

CTO Realty Growth Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were issued a dividend of $0.38 per share. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $1.52 annualized dividend and a yield of 9.09%. CTO Realty Growth’s dividend payout ratio (DPR) is presently 5,066.67%.

Analyst Ratings Changes

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

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.