Quantbot Technologies LP Boosts Holdings in CTO Realty Growth, Inc. (NYSE:CTO)

Quantbot Technologies LP raised its stake in CTO Realty Growth, Inc. (NYSE:CTO) by 92.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 55,345 shares of the company’s stock after acquiring an additional 26,586 shares during the quarter. Quantbot Technologies LP owned approximately 0.18% of CTO Realty Growth worth $1,091,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Point72 DIFC Ltd purchased a new stake in CTO Realty Growth in the third quarter worth $94,000. Daiwa Securities Group Inc. increased its holdings in CTO Realty Growth by 32.3% in the 4th quarter. Daiwa Securities Group Inc. now owns 8,666 shares of the company’s stock worth $171,000 after acquiring an additional 2,118 shares during the last quarter. Cornerstone Investment Partners LLC bought a new stake in CTO Realty Growth in the 4th quarter valued at about $201,000. Dynamic Technology Lab Private Ltd purchased a new stake in CTO Realty Growth during the third quarter valued at about $205,000. Finally, Sanctuary Advisors LLC bought a new position in CTO Realty Growth during the third quarter worth about $205,000. 67.18% of the stock is owned by institutional investors.

CTO Realty Growth Price Performance

Shares of NYSE:CTO opened at $19.12 on Wednesday. The company has a 50 day moving average of $19.45 and a 200 day moving average of $19.53. 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 stock has a market cap of $608.84 million, a P/E ratio of -86.91 and a beta of 0.77. CTO Realty Growth, Inc. has a 12 month low of $16.51 and a 12 month high of $21.15.

CTO Realty Growth (NYSE:CTO) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.48. CTO Realty Growth had a negative net margin of 1.58% and a negative return on equity of 0.38%. The firm had revenue of $35.74 million during the quarter, compared to analyst estimates of $33.39 million. As a group, sell-side analysts forecast that CTO Realty Growth, Inc. will post 1.92 EPS for the current fiscal year.

CTO Realty Growth Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 13th will be given a dividend of $0.38 per share. The ex-dividend date is Thursday, March 13th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 7.95%. CTO Realty Growth’s dividend payout ratio (DPR) is presently -690.91%.

Analyst Upgrades and Downgrades

CTO has been the topic of several research reports. B. Riley reissued a “buy” rating and issued a $23.00 price target (up previously from $22.50) on shares of CTO Realty Growth in a research report on Wednesday, March 5th. StockNews.com downgraded 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 given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, CTO Realty Growth currently has an average rating of “Buy” and an average target price of $21.50.

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.