CTO Realty Growth, Inc. (NYSE:CTO) Shares Sold by Marshall Wace LLP

Marshall Wace LLP lessened its stake in CTO Realty Growth, Inc. (NYSE:CTO) by 43.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 360,456 shares of the company’s stock after selling 277,346 shares during the period. Marshall Wace LLP owned 1.20% of CTO Realty Growth worth $7,105,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Barclays PLC boosted its position in shares of CTO Realty Growth by 251.1% in the 3rd quarter. Barclays PLC now owns 55,911 shares of the company’s stock valued at $1,063,000 after purchasing an additional 39,986 shares during the period. Sanctuary Advisors LLC purchased a new stake in CTO Realty Growth in the third quarter valued at approximately $205,000. Franklin Resources Inc. boosted its holdings in shares of CTO Realty Growth by 9.8% in the third quarter. Franklin Resources Inc. now owns 209,511 shares of the company’s stock valued at $3,972,000 after acquiring an additional 18,743 shares during the period. Principal Financial Group Inc. purchased a new position in shares of CTO Realty Growth during the third quarter worth approximately $253,000. Finally, JPMorgan Chase & Co. increased its holdings in shares of CTO Realty Growth by 4.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 63,683 shares of the company’s stock valued at $1,211,000 after acquiring an additional 2,500 shares during the period. Hedge funds and other institutional investors own 67.18% of the company’s stock.

Analyst Upgrades and Downgrades

CTO has been the subject of a number of recent research reports. StockNews.com cut shares of CTO Realty Growth from a “hold” rating to a “sell” rating in a research note on Saturday, March 1st. B. Riley reiterated 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. One equities research analyst has rated the stock with a sell rating, two have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $22.00.

CTO Realty Growth Stock Performance

NYSE:CTO opened at $18.26 on Wednesday. The company has a debt-to-equity ratio of 0.88, a current ratio of 3.96 and a quick ratio of 3.96. The firm has a market cap of $581.49 million, a price-to-earnings ratio of -83.00 and a beta of 0.61. The firm’s fifty day moving average price is $18.73 and its 200 day moving average price is $19.37. CTO Realty Growth, Inc. has a 1-year low of $16.12 and a 1-year high of $21.15.

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, beating the consensus estimate of $0.01 by $0.48. The business had revenue of $35.74 million for the quarter, compared to the consensus estimate of $33.39 million. CTO Realty Growth had a negative net margin of 1.58% and a negative return on equity of 0.38%. On average, sell-side analysts expect that CTO Realty Growth, Inc. will post 1.92 EPS for the current year.

CTO Realty Growth Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 13th were issued a $0.38 dividend. The ex-dividend date was Thursday, March 13th. This represents a $1.52 annualized dividend and a dividend yield of 8.32%. CTO Realty Growth’s dividend payout ratio is currently -690.91%.

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.