LDR Capital Management LLC Has $1.35 Million Stock Holdings in CTO Realty Growth, Inc. (NYSE:CTO)

LDR Capital Management LLC lifted its stake in shares of CTO Realty Growth, Inc. (NYSE:CTO) by 237.8% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 68,412 shares of the company’s stock after buying an additional 48,162 shares during the quarter. CTO Realty Growth comprises about 1.8% of LDR Capital Management LLC’s investment portfolio, making the stock its 24th biggest position. LDR Capital Management LLC’s holdings in CTO Realty Growth were worth $1,348,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Sanctuary Advisors LLC lifted its stake in shares of CTO Realty Growth by 17.3% during the 4th quarter. Sanctuary Advisors LLC now owns 12,155 shares of the company’s stock worth $238,000 after buying an additional 1,796 shares during the last quarter. AlphaCentric Advisors LLC acquired a new stake in CTO Realty Growth in the 4th quarter worth about $788,000. Principal Financial Group Inc. raised its stake in CTO Realty Growth by 13.7% in the 4th quarter. Principal Financial Group Inc. now owns 15,139 shares of the company’s stock worth $298,000 after purchasing an additional 1,821 shares in the last quarter. State of New Jersey Common Pension Fund D raised its stake in CTO Realty Growth by 37.0% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 200,068 shares of the company’s stock worth $3,943,000 after purchasing an additional 54,000 shares in the last quarter. Finally, Rhumbline Advisers raised its stake in CTO Realty Growth by 15.5% in the 4th quarter. Rhumbline Advisers now owns 50,379 shares of the company’s stock worth $993,000 after purchasing an additional 6,773 shares in the last quarter. Institutional investors and hedge funds own 67.18% of the company’s stock.

Analyst Ratings Changes

CTO has been the topic of several recent analyst reports. Raymond James raised shares of CTO Realty Growth from an “outperform” rating to a “strong-buy” rating and raised their target price for the company from $22.00 to $24.00 in a report on Wednesday, October 30th. StockNews.com raised shares of CTO Realty Growth from a “sell” rating to a “hold” rating in a report on Friday.

CTO Realty Growth Trading Down 5.8 %

Shares of CTO Realty Growth stock opened at $19.04 on Friday. The firm has a market capitalization of $570.59 million, a PE ratio of 32.26 and a beta of 0.78. The company has a current ratio of 3.96, a quick ratio of 3.96 and a debt-to-equity ratio of 0.88. The firm’s 50 day moving average is $19.74 and its 200 day moving average is $19.57. CTO Realty Growth, Inc. has a 1 year low of $16.33 and a 1 year high of $21.15.

CTO Realty Growth (NYSE:CTO) last announced its quarterly earnings results 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. CTO Realty Growth had a net margin of 17.10% and a return on equity of 4.04%. The company had revenue of $35.74 million for the quarter, compared to analyst estimates of $33.39 million. Equities research analysts forecast that CTO Realty Growth, Inc. will post 1.81 earnings per share for the current fiscal year.

CTO Realty Growth Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders 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 yield of 7.99%. The ex-dividend date of this dividend is Thursday, March 13th. CTO Realty Growth’s payout ratio is -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.