BNP Paribas Financial Markets Acquires New Position in CTO Realty Growth, Inc. (NYSE:CTO)

BNP Paribas Financial Markets bought a new stake in CTO Realty Growth, Inc. (NYSE:CTO - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 329,029 shares of the company's stock, valued at approximately $6,485,000. BNP Paribas Financial Markets owned approximately 1.10% of CTO Realty Growth at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Summit Investment Advisors Inc. boosted its holdings in shares of CTO Realty Growth by 39.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 3,020 shares of the company's stock valued at $60,000 after buying an additional 852 shares in the last quarter. NewEdge Advisors LLC boosted its holdings in shares of CTO Realty Growth by 300.0% in the 4th quarter. NewEdge Advisors LLC now owns 4,000 shares of the company's stock valued at $79,000 after buying an additional 3,000 shares in the last quarter. Daiwa Securities Group Inc. boosted its stake in CTO Realty Growth by 32.3% during the 4th quarter. Daiwa Securities Group Inc. now owns 8,666 shares of the company's stock worth $171,000 after purchasing an additional 2,118 shares during the period. Cornerstone Investment Partners LLC acquired a new stake in CTO Realty Growth during the 4th quarter worth $201,000. Finally, XTX Topco Ltd acquired a new stake in CTO Realty Growth during the 4th quarter worth $205,000. Institutional investors and hedge funds own 67.18% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on CTO shares. B. Riley reiterated a "buy" rating and set a $23.00 price target (up previously from $22.50) on shares of CTO Realty Growth in a research note on Wednesday, March 5th. StockNews.com cut shares of CTO Realty Growth from a "hold" rating to a "sell" rating in a research note on Tuesday, May 13th.

CTO Realty Growth Stock Performance

CTO Realty Growth stock traded up $0.14 during trading hours on Friday, reaching $18.43. 213,966 shares of the stock were exchanged, compared to its average volume of 347,821. The stock has a market cap of $606.83 million, a P/E ratio of -83.75 and a beta of 0.76. The company has a debt-to-equity ratio of 0.88, a quick ratio of 3.96 and a current ratio of 3.96. CTO Realty Growth, Inc. has a 52-week low of $16.12 and a 52-week high of $21.15. The firm's 50 day moving average is $18.27 and its 200 day moving average is $19.23.

CTO Realty Growth (NYSE:CTO - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.49 EPS for the quarter, topping analysts' consensus estimates of $0.01 by $0.48. The company had revenue of $35.74 million during 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%. Analysts predict that CTO Realty Growth, Inc. will post 1.92 EPS for the current fiscal year.

CTO Realty Growth Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 13th were given a dividend of $0.38 per share. The ex-dividend date was Thursday, March 13th. This represents a $1.52 dividend on an annualized basis and a yield of 8.25%. CTO Realty Growth's payout ratio is currently -370.73%.

CTO Realty Growth 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.