86,580 Shares in CTO Realty Growth, Inc. (NYSE:CTO) Purchased by Leeward Investments LLC MA

Leeward Investments LLC MA acquired a new position in CTO Realty Growth, Inc. (NYSE:CTO) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 86,580 shares of the company’s stock, valued at approximately $1,706,000. Leeward Investments LLC MA owned approximately 0.29% of CTO Realty Growth as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Creative Planning purchased a new position in shares of CTO Realty Growth in the 3rd quarter worth approximately $237,000. Allspring Global Investments Holdings LLC boosted its position in CTO Realty Growth by 830.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 12,769 shares of the company’s stock worth $243,000 after purchasing an additional 11,397 shares during the last quarter. Sequoia Financial Advisors LLC bought a new position in CTO Realty Growth in the 3rd quarter valued at $404,000. Signaturefd LLC increased its position in shares of CTO Realty Growth by 45.4% during the 3rd quarter. Signaturefd LLC now owns 1,785 shares of the company’s stock valued at $34,000 after purchasing an additional 557 shares during the last quarter. Finally, Ballentine Partners LLC bought a new stake in shares of CTO Realty Growth during the 3rd quarter worth $270,000. Hedge funds and other institutional investors own 67.18% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on CTO. StockNews.com upgraded shares of CTO Realty Growth from a “sell” rating to a “hold” rating in a research report on Friday. Raymond James raised shares of CTO Realty Growth from an “outperform” rating to a “strong-buy” rating and increased their target price for the company from $22.00 to $24.00 in a research report on Wednesday, October 30th.

CTO Realty Growth Stock Down 5.8 %

CTO stock opened at $19.04 on Monday. The stock has a fifty day moving average of $19.74 and a 200-day moving average of $19.57. CTO Realty Growth, Inc. has a fifty-two week low of $16.33 and a fifty-two week high of $21.15. The company has a market capitalization of $570.67 million, a price-to-earnings ratio of -86.52 and a beta of 0.78. 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 (NYSE:CTO) last issued its earnings results on Thursday, February 20th. The company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.48. The firm had revenue of $35.74 million during the quarter, compared to analyst estimates of $33.39 million. CTO Realty Growth had a negative net margin of 1.58% and a negative return on equity of 0.38%. As a group, equities research analysts predict that CTO Realty Growth, Inc. will post 1.92 earnings per share for the current year.

CTO Realty Growth Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 13th will be paid a $0.38 dividend. The ex-dividend date is Thursday, March 13th. This represents a $1.52 dividend on an annualized basis and a yield of 7.99%. CTO Realty Growth’s dividend payout ratio is -690.91%.

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.