CTO Realty Growth, Inc. (NYSE:CTO) Shares Sold by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. trimmed its holdings in shares of CTO Realty Growth, Inc. (NYSE:CTO - Free Report) by 44.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 41,232 shares of the company's stock after selling 32,912 shares during the period. D. E. Shaw & Co. Inc. owned approximately 0.14% of CTO Realty Growth worth $813,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its position in CTO Realty Growth by 118.6% during the fourth quarter. Vanguard Group Inc. now owns 2,514,789 shares of the company's stock valued at $49,566,000 after purchasing an additional 1,364,637 shares during the period. Geode Capital Management LLC raised its stake in shares of CTO Realty Growth by 30.9% during the 4th quarter. Geode Capital Management LLC now owns 679,893 shares of the company's stock valued at $13,403,000 after buying an additional 160,593 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of 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 buying an additional 408,632 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings 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 during the period. Finally, LSV Asset Management boosted its stake in shares of CTO Realty Growth by 4.2% in the fourth quarter. LSV Asset Management now owns 381,580 shares of the company's stock worth $7,521,000 after buying an additional 15,500 shares during the last quarter. 67.18% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Raymond James reaffirmed a "strong-buy" rating on shares of CTO Realty Growth in a report on Friday, May 23rd. B. Riley reaffirmed a "buy" rating and set a $23.00 price objective (up previously from $22.50) on shares of CTO Realty Growth in a research note on Wednesday, March 5th. Finally, Wall Street Zen lowered shares of CTO Realty Growth from a "hold" rating to a "sell" rating in a report on Tuesday, May 13th.

CTO Realty Growth Price Performance

Shares of NYSE:CTO traded up $0.13 during trading on Thursday, reaching $18.40. 187,785 shares of the company's stock traded hands, compared to its average volume of 349,389. The company has a quick ratio of 3.96, a current ratio of 3.96 and a debt-to-equity ratio of 0.88. 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 $18.14 and a 200-day simple moving average of $19.12. The firm has a market cap of $606.04 million, a PE ratio of -83.64 and a beta of 0.76.

CTO Realty Growth (NYSE:CTO - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.01 by $0.48. The company had revenue of $35.74 million for the quarter, compared to analyst estimates of $33.39 million. CTO Realty Growth had a negative return on equity of 0.38% and a negative net margin of 1.58%. As a group, analysts predict that CTO Realty Growth, Inc. will post 1.92 earnings per share for the current year.

CTO Realty Growth Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Thursday, June 12th will be issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 8.26%. The ex-dividend date is Thursday, June 12th. CTO Realty Growth's payout ratio is -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.