Geode Capital Management LLC Has $13.40 Million Stake in CTO Realty Growth, Inc. (NYSE:CTO)

Geode Capital Management LLC lifted its stake in CTO Realty Growth, Inc. (NYSE:CTO) by 30.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 679,893 shares of the company’s stock after buying an additional 160,593 shares during the period. Geode Capital Management LLC owned approximately 2.27% of CTO Realty Growth worth $13,403,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Daiwa Securities Group Inc. raised its position in shares of CTO Realty Growth by 32.3% in the 4th quarter. Daiwa Securities Group Inc. now owns 8,666 shares of the company’s stock valued at $171,000 after buying an additional 2,118 shares in the last quarter. Cornerstone Investment Partners LLC bought a new position in CTO Realty Growth in the fourth quarter valued at approximately $201,000. Sanctuary Advisors LLC acquired a new position in CTO Realty Growth during the third quarter valued at approximately $205,000. Longboard Asset Management LP bought a new stake in CTO Realty Growth during the fourth quarter worth $212,000. Finally, Proficio Capital Partners LLC acquired a new stake in shares of CTO Realty Growth in the 4th quarter valued at $240,000. Institutional investors and hedge funds own 67.18% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on CTO shares. B. Riley reissued a “buy” rating and set a $23.00 price target (up previously from $22.50) on shares of CTO Realty Growth in a report on Wednesday, March 5th. StockNews.com downgraded CTO Realty Growth from a “hold” rating to a “sell” rating in a research note on Saturday, March 1st. One analyst has rated the stock with a sell rating, two have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $22.00.

CTO Realty Growth Stock Down 0.2 %

Shares of CTO opened at $18.10 on Tuesday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 3.96 and a current ratio of 3.96. CTO Realty Growth, Inc. has a 52 week low of $16.12 and a 52 week high of $21.15. The stock has a market capitalization of $576.36 million, a price-to-earnings ratio of -82.27 and a beta of 0.61. The stock has a fifty day moving average of $18.78 and a 200-day moving average of $19.38.

CTO Realty Growth (NYSE:CTO) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.48. The firm had revenue of $35.74 million for the quarter, compared to analyst estimates of $33.39 million. CTO Realty Growth had a negative return on equity of 0.38% and a negative net margin of 1.58%. As a group, sell-side analysts anticipate that CTO Realty Growth, Inc. will post 1.92 earnings per share for the current fiscal year.

CTO Realty Growth Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 13th were issued a dividend of $0.38 per share. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 8.40%. CTO Realty Growth’s dividend payout ratio (DPR) is presently -690.91%.

About CTO Realty Growth

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.