US Bancorp DE boosted its position in shares of CTO Realty Growth, Inc. (NYSE:CTO – Free Report) by 95.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 62,071 shares of the company’s stock after buying an additional 30,316 shares during the quarter. US Bancorp DE owned approximately 0.19% of CTO Realty Growth worth $1,012,000 as of its most recent SEC filing.
Other hedge funds have also recently bought and sold shares of the company. M&G PLC raised its position in shares of CTO Realty Growth by 8.2% during the third quarter. M&G PLC now owns 12,413 shares of the company’s stock worth $199,000 after acquiring an additional 940 shares during the last quarter. Penserra Capital Management LLC lifted its stake in shares of CTO Realty Growth by 1.9% during the second quarter. Penserra Capital Management LLC now owns 57,499 shares of the company’s stock valued at $992,000 after acquiring an additional 1,063 shares during the period. LDR Capital Management LLC boosted its holdings in CTO Realty Growth by 1.7% in the third quarter. LDR Capital Management LLC now owns 69,766 shares of the company’s stock valued at $1,137,000 after acquiring an additional 1,166 shares during the last quarter. Worth Venture Partners LLC increased its position in CTO Realty Growth by 4.5% in the second quarter. Worth Venture Partners LLC now owns 28,002 shares of the company’s stock worth $483,000 after purchasing an additional 1,200 shares during the period. Finally, Tower Research Capital LLC TRC increased its position in CTO Realty Growth by 51.7% in the second quarter. Tower Research Capital LLC TRC now owns 3,654 shares of the company’s stock worth $63,000 after purchasing an additional 1,245 shares during the period. 67.18% of the stock is currently owned by institutional investors.
CTO Realty Growth Price Performance
Shares of CTO stock opened at $19.75 on Friday. CTO Realty Growth, Inc. has a 12-month low of $15.06 and a 12-month high of $20.25. The firm has a market capitalization of $643.06 million, a price-to-earnings ratio of 219.47 and a beta of 0.59. The company has a quick ratio of 4.88, a current ratio of 4.88 and a debt-to-equity ratio of 1.09. The firm has a fifty day moving average of $18.59 and a 200-day moving average of $17.52.
CTO Realty Growth Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Thursday, March 12th will be given a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, March 12th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 7.7%. CTO Realty Growth’s dividend payout ratio (DPR) is currently 1,688.89%.
Analyst Ratings Changes
CTO has been the subject of a number of analyst reports. Alliance Global Partners reaffirmed a “buy” rating on shares of CTO Realty Growth in a report on Friday, February 20th. JonesTrading restated a “buy” rating and issued a $21.00 price target on shares of CTO Realty Growth in a research report on Tuesday, February 24th. Zacks Research cut CTO Realty Growth from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 9th. Cantor Fitzgerald upgraded CTO Realty Growth to a “strong-buy” rating in a report on Wednesday, February 4th. Finally, Weiss Ratings raised CTO Realty Growth from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, February 4th. Two analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $21.00.
Check Out Our Latest 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.
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