Dimensional Fund Advisors LP Purchases 34,446 Shares of CTO Realty Growth, Inc. (NYSE:CTO)

Dimensional Fund Advisors LP increased its stake in shares of CTO Realty Growth, Inc. (NYSE:CTO - Free Report) by 11.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 340,004 shares of the company's stock after acquiring an additional 34,446 shares during the period. Dimensional Fund Advisors LP owned about 1.13% of CTO Realty Growth worth $6,701,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in shares of CTO Realty Growth by 118.6% during the 4th quarter. Vanguard Group Inc. now owns 2,514,789 shares of the company's stock worth $49,566,000 after buying an additional 1,364,637 shares during the period. Invesco Ltd. boosted its holdings in CTO Realty Growth by 681.9% in the 4th quarter. Invesco Ltd. now owns 468,556 shares of the company's stock valued at $9,235,000 after purchasing an additional 408,632 shares during the period. APG Asset Management US Inc. acquired a new position in shares of CTO Realty Growth in the 4th quarter valued at approximately $6,500,000. Thrivent Financial for Lutherans acquired a new position in shares of CTO Realty Growth in the 4th quarter valued at approximately $4,673,000. Finally, Charles Schwab Investment Management Inc. raised its position in shares of CTO Realty Growth by 143.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 392,102 shares of the company's stock valued at $7,728,000 after buying an additional 230,811 shares in the last quarter. 67.18% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently commented on CTO shares. B. Riley restated 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 cut shares of CTO Realty Growth from a "hold" rating to a "sell" rating in a research report on Tuesday.

CTO Realty Growth Price Performance

CTO stock traded up $0.09 during trading on Friday, reaching $18.38. 43,247 shares of the company were exchanged, compared to its average volume of 345,183. The company has a 50-day moving average of $18.28 and a two-hundred day moving average of $19.24. The company has a market capitalization of $605.28 million, a price-to-earnings ratio of -83.55 and a beta of 0.76. CTO Realty Growth, Inc. has a twelve month low of $16.12 and a twelve month high of $21.15. The company has a debt-to-equity ratio of 0.88, a current ratio of 3.96 and a quick ratio of 3.96.

CTO Realty Growth (NYSE:CTO - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.01 by $0.48. CTO Realty Growth had a negative net margin of 1.58% and a negative return on equity of 0.38%. The business had revenue of $35.74 million during the quarter, compared to analysts' expectations of $33.39 million. As a group, equities 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 declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 13th were given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 8.27%. The ex-dividend date was Thursday, March 13th. CTO Realty Growth's dividend payout ratio (DPR) 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.