GAMMA Investing LLC Has $518,000 Holdings in CTO Realty Growth, Inc. (NYSE:CTO)

GAMMA Investing LLC increased its stake in CTO Realty Growth, Inc. (NYSE:CTO - Free Report) by 2,033.9% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 26,802 shares of the company's stock after purchasing an additional 25,546 shares during the quarter. GAMMA Investing LLC owned approximately 0.08% of CTO Realty Growth worth $518,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in CTO. The Manufacturers Life Insurance Company raised its position in shares of CTO Realty Growth by 4.7% in the fourth quarter. The Manufacturers Life Insurance Company now owns 22,290 shares of the company's stock valued at $439,000 after purchasing an additional 993 shares during the period. Principal Financial Group Inc. lifted its stake 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 during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of CTO Realty Growth in the fourth quarter worth $3,787,000. Deutsche Bank AG lifted its stake in shares of CTO Realty Growth by 2.9% in the fourth quarter. Deutsche Bank AG now owns 75,075 shares of the company's stock worth $1,480,000 after buying an additional 2,142 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in shares of CTO Realty Growth by 681.9% in the fourth quarter. Invesco Ltd. now owns 468,556 shares of the company's stock worth $9,235,000 after buying an additional 408,632 shares during the last quarter. Institutional investors own 67.18% of the company's stock.

Analyst Upgrades and Downgrades

CTO has been the subject of a number of analyst reports. B. Riley restated a "buy" rating and issued a $23.00 price objective (up from $22.50) on shares of CTO Realty Growth in a research note on Wednesday, March 5th. Wall Street Zen cut shares of CTO Realty Growth from a "hold" rating to a "sell" rating in a research note on Tuesday, May 13th. Finally, Raymond James Financial restated a "strong-buy" rating on shares of CTO Realty Growth in a research note on Friday, May 23rd.

CTO Realty Growth Stock Performance

NYSE:CTO traded down $0.03 during trading hours on Friday, hitting $18.04. 376,418 shares of the company traded hands, compared to its average volume of 357,996. The stock has a market capitalization of $594.24 million, a price-to-earnings ratio of -44.00 and a beta of 0.75. CTO Realty Growth, Inc. has a twelve month low of $16.12 and a twelve month high of $21.15. The firm has a 50-day moving average of $18.16 and a 200 day moving average of $18.94. The company has a current ratio of 5.54, a quick ratio of 5.54 and a debt-to-equity ratio of 1.01.

CTO Realty Growth Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Thursday, June 12th will be paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 8.43%. The ex-dividend date is Thursday, June 12th. CTO Realty Growth's payout ratio is currently -370.73%.

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.