CTO Realty Growth, Inc. (NYSE:CTO) Shares Acquired by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. lifted its position in shares of CTO Realty Growth, Inc. (NYSE:CTO) by 19.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 24,976 shares of the company’s stock after acquiring an additional 4,000 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc.’s holdings in CTO Realty Growth were worth $433,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in CTO. Brown Advisory Inc. increased its holdings in shares of 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 buying an additional 25,048 shares during the last quarter. Quadrature Capital Ltd acquired a new stake in shares of CTO Realty Growth during the 3rd quarter worth approximately $260,000. Asset Management One Co. Ltd. increased its holdings in shares of CTO Realty Growth by 41.8% during the 4th quarter. Asset Management One Co. Ltd. now owns 43,925 shares of the company’s stock worth $774,000 after buying an additional 12,956 shares during the last quarter. State of New Jersey Common Pension Fund D increased its holdings in shares of CTO Realty Growth by 6.1% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 175,000 shares of the company’s stock worth $2,837,000 after buying an additional 10,000 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of CTO Realty Growth during the 3rd quarter worth approximately $151,000. Institutional investors and hedge funds own 67.18% of the company’s stock.

CTO Realty Growth Stock Down 0.3 %

CTO Realty Growth stock opened at $17.11 on Friday. CTO Realty Growth, Inc. has a fifty-two week low of $15.63 and a fifty-two 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 firm has a 50 day moving average price of $16.85 and a 200 day moving average price of $16.78. The company has a market capitalization of $390.28 million, a PE ratio of 570.33 and a beta of 0.77.

CTO Realty Growth Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were given a $0.38 dividend. The ex-dividend date was Wednesday, March 13th. This represents a $1.52 annualized dividend and a yield of 8.88%. CTO Realty Growth’s dividend payout ratio is presently 5,066.67%.

Analyst Ratings Changes

Several analysts recently weighed in on CTO shares. Alliance Global Partners started coverage on shares of CTO Realty Growth in a report on Monday, April 8th. They issued a “buy” rating and a $20.00 target price for the company. B. Riley reiterated a “buy” rating on shares of CTO Realty Growth in a report on Friday, February 2nd. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average 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.