CTO Realty Growth, Inc. (NYSE:CTO) Position Lessened by Millennium Management LLC

Millennium Management LLC decreased its stake in CTO Realty Growth, Inc. (NYSE:CTO - Free Report) by 41.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 151,254 shares of the company's stock after selling 107,947 shares during the period. Millennium Management LLC owned approximately 0.50% of CTO Realty Growth worth $2,981,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of CTO. Vanguard Group Inc. boosted its position in shares of CTO Realty Growth by 118.6% in the fourth 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 position 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 period. APG Asset Management US Inc. purchased a new stake in shares of CTO Realty Growth in the fourth quarter worth about $6,500,000. BNP Paribas Financial Markets purchased a new stake in shares of CTO Realty Growth in the fourth quarter worth about $6,485,000. Finally, Thrivent Financial for Lutherans purchased a new stake in shares of CTO Realty Growth in the fourth quarter worth about $4,673,000. Hedge funds and other institutional investors own 67.18% of the company's stock.

CTO Realty Growth Stock Up 0.1%

CTO traded up $0.01 on Monday, reaching $18.43. The company's stock had a trading volume of 200,798 shares, compared to its average volume of 350,680. The stock has a market cap of $606.99 million, a price-to-earnings ratio of -83.77 and a beta of 0.76. CTO Realty Growth, Inc. has a 1 year low of $16.12 and a 1 year 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. The business's 50 day moving average is $18.13 and its 200 day moving average is $19.10.

CTO Realty Growth (NYSE:CTO - Get Free Report) last released its earnings results on Thursday, February 20th. The company reported $0.49 EPS for the quarter, topping 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 for the quarter, compared to the consensus estimate of $33.39 million. As a group, research analysts forecast that CTO Realty Growth, Inc. will post 1.92 EPS for the current fiscal year.

CTO Realty Growth Announces Dividend

The company also recently announced 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 dividend on an annualized basis and a yield of 8.25%. The ex-dividend date of this dividend is Thursday, June 12th. CTO Realty Growth's dividend payout ratio is presently -370.73%.

Wall Street Analyst Weigh In

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

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.