Marshall Wace LLP Reduces Stake in CTO Realty Growth, Inc. (NYSE:CTO)

Marshall Wace LLP trimmed its holdings in CTO Realty Growth, Inc. (NYSE:CTO - Free Report) by 43.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 360,456 shares of the company's stock after selling 277,346 shares during the period. Marshall Wace LLP owned about 1.20% of CTO Realty Growth worth $7,105,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. Entropy Technologies LP purchased a new stake in shares of CTO Realty Growth in the fourth quarter worth about $406,000. Principal Financial Group Inc. lifted its position in shares of CTO Realty Growth by 13.7% in the fourth quarter. Principal Financial Group Inc. now owns 15,139 shares of the company's stock worth $298,000 after buying an additional 1,821 shares in the last quarter. Barclays PLC increased its stake in CTO Realty Growth by 251.1% during 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 last quarter. Raymond James Financial Inc. bought a new stake in CTO Realty Growth during the fourth quarter worth approximately $3,787,000. Finally, PNC Financial Services Group Inc. increased its stake in CTO Realty Growth by 9.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 12,908 shares of the company's stock worth $254,000 after acquiring an additional 1,159 shares during the last quarter. 67.18% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on CTO. StockNews.com downgraded CTO Realty Growth from a "hold" rating to a "sell" rating in a report on Saturday, March 1st. B. Riley reiterated a "buy" rating and set a $23.00 target price (up from $22.50) on shares of CTO Realty Growth in a research report on Wednesday, March 5th. One equities research analyst has rated the stock with a sell rating, two have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $22.00.

CTO Realty Growth Stock Up 1.3 %

Shares of CTO stock traded up $0.24 on Monday, hitting $18.23. The stock had a trading volume of 214,925 shares, compared to its average volume of 340,919. The company has a quick ratio of 3.96, a current ratio of 3.96 and a debt-to-equity ratio of 0.88. The business has a 50 day moving average price of $18.55 and a 200 day moving average price of $19.36. The company has a market cap of $580.50 million, a PE ratio of -82.86 and a beta of 0.61. CTO Realty Growth, Inc. has a one year low of $16.12 and a one year high of $21.15.

CTO Realty Growth (NYSE:CTO - Get Free Report) last posted its 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 negative return on equity of 0.38% and a negative net margin of 1.58%. The company had revenue of $35.74 million for the quarter, compared to analyst estimates of $33.39 million. Research analysts anticipate that CTO Realty Growth, Inc. will post 1.92 earnings per share for the current fiscal year.

CTO Realty Growth Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 13th were paid 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 dividend yield of 8.34%. CTO Realty Growth's payout ratio is -690.91%.

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.