Crossingbridge Advisors LLC grew its holdings in CTO Realty Growth, Inc. (NYSE:CTO – Free Report) by 154.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 268,079 shares of the company’s stock after purchasing an additional 162,689 shares during the quarter. CTO Realty Growth comprises about 2.0% of Crossingbridge Advisors LLC’s portfolio, making the stock its 13th biggest position. Crossingbridge Advisors LLC owned approximately 0.83% of CTO Realty Growth worth $4,273,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Jane Street Group LLC acquired a new stake in CTO Realty Growth during the first quarter worth approximately $1,724,000. Penserra Capital Management LLC increased its holdings in CTO Realty Growth by 1.9% in the second quarter. Penserra Capital Management LLC now owns 57,499 shares of the company’s stock worth $992,000 after purchasing an additional 1,063 shares in the last quarter. Los Angeles Capital Management LLC lifted its stake in CTO Realty Growth by 72.9% in the second quarter. Los Angeles Capital Management LLC now owns 150,590 shares of the company’s stock valued at $2,599,000 after buying an additional 63,481 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of CTO Realty Growth by 34.8% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 22,987 shares of the company’s stock worth $397,000 after buying an additional 5,939 shares in the last quarter. Finally, M&G PLC bought a new position in shares of CTO Realty Growth during the 2nd quarter worth approximately $195,000. Institutional investors own 67.18% of the company’s stock.
CTO Realty Growth Trading Up 0.7%
NYSE CTO opened at $19.75 on Monday. The company has a quick ratio of 4.88, a current ratio of 4.88 and a debt-to-equity ratio of 1.09. CTO Realty Growth, Inc. has a 52 week low of $15.06 and a 52 week high of $20.25. The business has a 50 day moving average price of $18.59 and a 200-day moving average price of $17.53. The company has a market cap of $643.06 million, a price-to-earnings ratio of 219.47 and a beta of 0.59.
CTO Realty Growth Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Thursday, March 12th will be paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 7.7%. The ex-dividend date of this dividend is Thursday, March 12th. CTO Realty Growth’s dividend payout ratio (DPR) is 1,688.89%.
Wall Street Analysts Forecast Growth
CTO has been the subject of several research analyst reports. Cantor Fitzgerald upgraded shares of CTO Realty Growth to a “strong-buy” rating in a research note on Wednesday, February 4th. Weiss Ratings raised shares of CTO Realty Growth from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, February 4th. Alliance Global Partners restated a “buy” rating on shares of CTO Realty Growth in a report on Friday, February 20th. Zacks Research downgraded shares of CTO Realty Growth from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 9th. Finally, JonesTrading reissued a “buy” rating and set a $21.00 price objective on shares of CTO Realty Growth in a research report on Tuesday, February 24th. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $21.00.
View Our Latest Research Report on CTO
CTO Realty Growth Profile
CTO Realty Growth, Inc is a publicly traded real estate investment trust (REIT) that specializes in single-tenant net lease properties. The company’s primary focus is on acquiring, owning and managing retail assets leased to creditworthy operators under long-term, triple-net lease agreements. By targeting essential retail segments, CTO Realty Growth seeks to generate stable, inflation-protected income streams while maintaining a disciplined investment approach.
The REIT’s portfolio is concentrated in convenience store and fuel service locations, with additional assets in other retail categories where net lease structures prevail.
Read More
- Five stocks we like better than CTO Realty Growth
- The gold chart Wall Street is terrified of…
- America’s 1776 happening again
- What a Former CIA Agent Knows About the Coming Collapse
- Elon Musk already made me a “wealthy man”
- Buffett, Gates and Bezos Quietly Dumping Stocks—Here’s Why
Want to see what other hedge funds are holding CTO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CTO Realty Growth, Inc. (NYSE:CTO – Free Report).
Receive News & Ratings for CTO Realty Growth Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CTO Realty Growth and related companies with MarketBeat.com's FREE daily email newsletter.
