CTO Realty Growth, Inc. (NYSE:CTO) Shares Purchased by GAMMA Investing LLC

GAMMA Investing LLC raised its holdings in CTO Realty Growth, Inc. (NYSE:CTO) by 2,033.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 26,802 shares of the company’s stock after purchasing an additional 25,546 shares during the period. GAMMA Investing LLC owned about 0.08% of CTO Realty Growth worth $518,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of CTO. Vanguard Group Inc. boosted its stake in shares of CTO Realty Growth by 118.6% in the fourth quarter. Vanguard Group Inc. now owns 2,514,789 shares of the company’s stock worth $49,566,000 after acquiring an additional 1,364,637 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of CTO Realty Growth by 30.9% in the fourth quarter. Geode Capital Management LLC now owns 679,893 shares of the company’s stock worth $13,403,000 after acquiring an additional 160,593 shares during the last quarter. Two Sigma Advisers LP boosted its stake in shares of CTO Realty Growth by 29.1% in the fourth quarter. Two Sigma Advisers LP now owns 509,701 shares of the company’s stock worth $10,046,000 after acquiring an additional 115,000 shares during the last quarter. Invesco Ltd. boosted its stake in shares of CTO Realty Growth by 681.9% in the fourth quarter. Invesco Ltd. now owns 468,556 shares of the company’s stock worth $9,235,000 after acquiring an additional 408,632 shares during the last quarter. Finally, Two Sigma Investments LP boosted its stake in shares of CTO Realty Growth by 2.2% in the fourth quarter. Two Sigma Investments LP now owns 455,146 shares of the company’s stock worth $8,971,000 after acquiring an additional 9,709 shares during the last quarter. 67.18% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently issued reports on CTO shares. B. Riley reaffirmed a “buy” rating and issued a $23.00 price target (up from $22.50) on shares of CTO Realty Growth in a research note on Wednesday, March 5th. Raymond James Financial restated a “strong-buy” rating on shares of CTO Realty Growth in a report on Friday, May 23rd. Finally, Wall Street Zen cut CTO Realty Growth from a “hold” rating to a “sell” rating in a report on Tuesday, May 13th.

CTO Realty Growth Trading Up 0.2%

NYSE:CTO opened at $18.06 on Thursday. The stock has a 50-day simple moving average of $18.13 and a 200-day simple moving average of $18.98. The stock has a market cap of $595.03 million, a P/E ratio of -44.06 and a beta of 0.75. CTO Realty Growth, Inc. has a 1 year low of $16.12 and a 1 year high of $21.15. The company has a debt-to-equity ratio of 1.01, a quick ratio of 5.54 and a current ratio of 5.54.

CTO Realty Growth Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Thursday, June 12th will be given a dividend of $0.38 per share. The ex-dividend date is Thursday, June 12th. This represents a $1.52 annualized dividend and a dividend yield of 8.41%. CTO Realty Growth’s dividend payout ratio is currently -370.73%.

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.