Schonfeld Strategic Advisors LLC Buys 44,000 Shares of CTO Realty Growth, Inc. (NYSE:CTO)

Schonfeld Strategic Advisors LLC boosted its holdings in CTO Realty Growth, Inc. (NYSE:CTO - Free Report) by 123.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 79,700 shares of the company's stock after buying an additional 44,000 shares during the quarter. Schonfeld Strategic Advisors LLC owned approximately 0.27% of CTO Realty Growth worth $1,571,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Barclays PLC lifted its stake in shares of CTO Realty Growth by 251.1% in the third quarter. Barclays PLC now owns 55,911 shares of the company's stock worth $1,063,000 after acquiring an additional 39,986 shares during the period. Franklin Resources Inc. lifted its position in shares of CTO Realty Growth by 9.8% in the 3rd quarter. Franklin Resources Inc. now owns 209,511 shares of the company's stock worth $3,972,000 after purchasing an additional 18,743 shares during the period. Principal Financial Group Inc. bought a new stake in shares of CTO Realty Growth in the 3rd quarter valued at $253,000. JPMorgan Chase & Co. increased its position in shares of CTO Realty Growth by 4.1% during the third quarter. JPMorgan Chase & Co. now owns 63,683 shares of the company's stock worth $1,211,000 after buying an additional 2,500 shares during the period. Finally, SG Americas Securities LLC raised its stake in CTO Realty Growth by 42.4% during the fourth quarter. SG Americas Securities LLC now owns 13,202 shares of the company's stock worth $260,000 after buying an additional 3,933 shares during the last quarter. 67.18% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. StockNews.com upgraded CTO Realty Growth from a "sell" rating to a "hold" rating in a report on Monday, May 5th. 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 report on Wednesday, March 5th.

CTO Realty Growth Stock Up 1.9%

Shares of NYSE CTO traded up $0.34 during trading on Monday, hitting $18.14. 41,888 shares of the company traded hands, compared to its average volume of 344,058. The firm has a market capitalization of $597.28 million, a price-to-earnings ratio of -82.29 and a beta of 0.76. The business's fifty day moving average is $18.36 and its 200 day moving average is $19.27. 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 fifty-two week low of $16.12 and a fifty-two week high of $21.15.

CTO Realty Growth (NYSE:CTO - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $35.74 million for the quarter, compared to analyst estimates of $33.39 million. Equities research analysts predict that CTO Realty Growth, Inc. will post 1.92 earnings per share for the current fiscal year.

CTO Realty Growth Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 13th were given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 8.38%. The ex-dividend date of this dividend was Thursday, March 13th. CTO Realty Growth's payout ratio is presently -370.73%.

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.