Deprince Race & Zollo Inc. Raises Stock Holdings in CTO Realty Growth, Inc. (NYSE:CTO)

Deprince Race & Zollo Inc. boosted its stake in CTO Realty Growth, Inc. (NYSE:CTO - Free Report) by 23.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 224,404 shares of the company's stock after purchasing an additional 43,017 shares during the quarter. Deprince Race & Zollo Inc. owned about 0.75% of CTO Realty Growth worth $4,423,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the business. Summit Investment Advisors Inc. boosted its position in CTO Realty Growth by 39.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 3,020 shares of the company's stock valued at $60,000 after purchasing an additional 852 shares during the period. NewEdge Advisors LLC lifted its stake in shares of CTO Realty Growth by 300.0% in the fourth quarter. NewEdge Advisors LLC now owns 4,000 shares of the company's stock worth $79,000 after buying an additional 3,000 shares during the last quarter. Daiwa Securities Group Inc. raised 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 valued at $171,000 after purchasing an additional 2,118 shares during the last quarter. Cornerstone Investment Partners LLC bought a new position in shares of CTO Realty Growth during the 4th quarter worth about $201,000. Finally, Resona Asset Management Co. Ltd. bought a new position in CTO Realty Growth during the 4th quarter valued at about $203,000. 67.18% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. B. Riley reiterated a "buy" rating and issued a $23.00 price target (up from $22.50) on shares of CTO Realty Growth in a research report on Wednesday, March 5th. StockNews.com lowered shares of CTO Realty Growth from a "hold" rating to a "sell" rating in a report on Tuesday.

CTO Realty Growth Trading Down 1.0%

Shares of CTO stock traded down $0.18 during trading hours on Wednesday, hitting $17.78. 134,794 shares of the company were exchanged, compared to its average volume of 344,655. The firm has a market cap of $585.58 million, a P/E ratio of -80.82 and a beta of 0.76. CTO Realty Growth, Inc. has a fifty-two week low of $16.12 and a fifty-two week high of $21.15. The company has a 50 day simple moving average of $18.33 and a two-hundred day simple moving average of $19.25. 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 (NYSE:CTO - Get Free Report) last issued 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 return on equity of 0.38% and a negative net margin of 1.58%. The company had revenue of $35.74 million during the quarter, compared to the consensus estimate of $33.39 million. Equities analysts anticipate that CTO Realty Growth, Inc. will post 1.92 EPS for the current year.

CTO Realty Growth Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 13th were paid a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 8.55%. The ex-dividend date was Thursday, March 13th. CTO Realty Growth's dividend 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.