Boston Partners Has $4.36 Million Position in CTO Realty Growth, Inc. (NYSE:CTO)

Boston Partners lessened its holdings in CTO Realty Growth, Inc. (NYSE:CTO) by 10.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 221,331 shares of the company’s stock after selling 26,294 shares during the period. Boston Partners’ holdings in CTO Realty Growth were worth $4,362,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Charles Schwab Investment Management Inc. boosted its position in CTO Realty Growth by 162.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 161,291 shares of the company’s stock worth $3,068,000 after acquiring an additional 99,943 shares during the period. Entropy Technologies LP purchased a new stake in shares of CTO Realty Growth in the fourth quarter worth approximately $406,000. Barclays PLC boosted its holdings in shares of CTO Realty Growth by 251.1% during the third quarter. Barclays PLC now owns 55,911 shares of the company’s stock worth $1,063,000 after purchasing an additional 39,986 shares during the period. Principal Financial Group Inc. grew its position in CTO Realty Growth by 13.7% during the fourth quarter. Principal Financial Group Inc. now owns 15,139 shares of the company’s stock valued at $298,000 after purchasing an additional 1,821 shares in the last quarter. Finally, FMR LLC increased its stake in CTO Realty Growth by 461.4% in the 3rd quarter. FMR LLC now owns 13,608 shares of the company’s stock valued at $259,000 after buying an additional 11,184 shares during the period. Hedge funds and other institutional investors own 67.18% of the company’s stock.

CTO Realty Growth Stock Performance

CTO stock opened at $18.94 on Friday. The firm has a 50 day moving average of $19.46 and a two-hundred day moving average of $19.52. CTO Realty Growth, Inc. has a 12 month low of $16.51 and a 12 month high of $21.15. The company has a market capitalization of $603.07 million, a price-to-earnings ratio of -86.09 and a beta of 0.77. The company has a quick ratio of 3.96, a current ratio of 3.96 and a debt-to-equity ratio of 0.88.

CTO Realty Growth (NYSE:CTO) last released its quarterly earnings data 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. The business 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 analysts anticipate that CTO Realty Growth, Inc. will post 1.92 EPS for the current fiscal year.

CTO Realty Growth Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 13th will be issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 8.03%. The ex-dividend date of this dividend is Thursday, March 13th. CTO Realty Growth’s dividend payout ratio is -690.91%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CTO. B. Riley reissued a “buy” rating and set a $23.00 target price (up previously from $22.50) on shares of CTO Realty Growth in a research note on Wednesday, March 5th. StockNews.com cut CTO Realty Growth from a “hold” rating to a “sell” rating in a research report on Saturday, March 1st. One research analyst has rated the stock with a sell rating, two have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $21.50.

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.