Ancora Advisors LLC Purchases 45,481 Shares of CTO Realty Growth, Inc. (NYSE:CTO)

Ancora Advisors LLC lifted its stake in shares of CTO Realty Growth, Inc. (NYSE:CTO - Free Report) by 16.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 328,472 shares of the company's stock after purchasing an additional 45,481 shares during the quarter. Ancora Advisors LLC owned 1.10% of CTO Realty Growth worth $6,474,000 as of its most recent SEC filing.

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

CTO Realty Growth Stock Down 0.5 %

CTO traded down $0.09 during midday trading on Tuesday, reaching $17.91. 196,145 shares of the company were exchanged, compared to its average volume of 343,401. The company has a market cap of $589.90 million, a price-to-earnings ratio of -81.41 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 one year low of $16.12 and a one year high of $21.15. The company's fifty day moving average price is $18.43 and its 200 day moving average price is $19.31.

CTO Realty Growth (NYSE:CTO - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.01 by $0.48. CTO Realty Growth had a negative return on equity of 0.38% and a negative net margin of 1.58%. The firm had revenue of $35.74 million during the quarter, compared to the consensus estimate of $33.39 million. As a group, analysts expect that CTO Realty Growth, Inc. will post 1.92 EPS for the current year.

CTO Realty Growth Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 13th were paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 8.49%. The ex-dividend date was Thursday, March 13th. CTO Realty Growth's payout ratio is currently -370.73%.

Wall Street Analysts Forecast Growth

Several research firms have commented on CTO. B. Riley reiterated a "buy" rating and issued a $23.00 target price (up from $22.50) on shares of CTO Realty Growth in a research report on Wednesday, March 5th. StockNews.com upgraded shares of CTO Realty Growth from a "sell" rating to a "hold" rating in a research report on Monday. One analyst has rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, CTO Realty Growth has an average rating of "Buy" and a consensus price target of $22.00.

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.