Invesco Ltd. Purchases 408,632 Shares of CTO Realty Growth, Inc. (NYSE:CTO)

Invesco Ltd. lifted its holdings in CTO Realty Growth, Inc. (NYSE:CTO) by 681.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 468,556 shares of the company’s stock after acquiring an additional 408,632 shares during the period. Invesco Ltd. owned approximately 1.56% of CTO Realty Growth worth $9,235,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CTO. Daiwa Securities Group Inc. boosted its holdings in CTO Realty Growth by 32.3% during the fourth quarter. Daiwa Securities Group Inc. now owns 8,666 shares of the company’s stock worth $171,000 after purchasing an additional 2,118 shares during the last quarter. Cornerstone Investment Partners LLC purchased a new stake in shares of CTO Realty Growth during the 4th quarter valued at $201,000. Resona Asset Management Co. Ltd. bought a new stake in shares of CTO Realty Growth in the 4th quarter worth approximately $203,000. Sanctuary Advisors LLC purchased a new stake in shares of CTO Realty Growth during the third quarter valued at approximately $205,000. Finally, Longboard Asset Management LP bought a new position in CTO Realty Growth during the 4th quarter valued at approximately $212,000. 67.18% of the stock is owned by institutional investors and hedge funds.

CTO Realty Growth Trading Down 0.3 %

CTO Realty Growth stock opened at $18.15 on Thursday. CTO Realty Growth, Inc. has a 52-week low of $16.12 and a 52-week high of $21.15. The company has a market cap of $577.95 million, a P/E ratio of -82.50 and a beta of 0.61. The company has a quick ratio of 3.96, a current ratio of 3.96 and a debt-to-equity ratio of 0.88. The business has a 50-day simple moving average of $18.68 and a two-hundred day simple moving average of $19.37.

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

CTO Realty Growth Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 13th were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $1.52 annualized dividend and a yield of 8.37%. CTO Realty Growth’s dividend payout ratio (DPR) is presently -690.91%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on CTO shares. B. Riley reissued a “buy” rating and issued a $23.00 target price (up from $22.50) on shares of CTO Realty Growth in a report on Wednesday, March 5th. StockNews.com cut shares of CTO Realty Growth from a “hold” rating to a “sell” rating in a report on Saturday, March 1st. One investment analyst has rated the stock with a sell rating, two have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, CTO Realty Growth has an average rating of “Buy” and a consensus price target of $22.00.

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.