Northern Trust Corp Acquires 61,987 Shares of CTO Realty Growth, Inc. (NYSE:CTO)

Northern Trust Corp grew its position in CTO Realty Growth, Inc. (NYSE:CTO - Free Report) by 29.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 275,156 shares of the company's stock after purchasing an additional 61,987 shares during the quarter. Northern Trust Corp owned approximately 0.92% of CTO Realty Growth worth $5,423,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of CTO. Summit Investment Advisors Inc. grew its stake in shares of CTO Realty Growth by 39.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 3,020 shares of the company's stock worth $60,000 after acquiring an additional 852 shares during the last quarter. NewEdge Advisors LLC boosted its stake in CTO Realty Growth by 300.0% during 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 in the last quarter. Daiwa Securities Group Inc. boosted its stake in CTO Realty Growth by 32.3% during the fourth quarter. Daiwa Securities Group Inc. now owns 8,666 shares of the company's stock worth $171,000 after buying an additional 2,118 shares in the last quarter. Cornerstone Investment Partners LLC acquired a new stake in CTO Realty Growth during the fourth quarter worth $201,000. Finally, Resona Asset Management Co. Ltd. acquired a new stake in CTO Realty Growth during the fourth quarter worth $203,000. Institutional investors own 67.18% of the company's stock.

CTO Realty Growth Price Performance

Shares of NYSE:CTO traded up $0.11 on Friday, hitting $17.86. The stock had a trading volume of 193,066 shares, compared to its average volume of 349,664. 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 quick ratio of 3.96 and a current ratio of 3.96. The firm's 50 day moving average price is $18.21 and its 200-day moving average price is $19.17. The company has a market capitalization of $588.28 million, a price-to-earnings ratio of -81.19 and a beta of 0.76.

CTO Realty Growth (NYSE:CTO - Get Free Report) last issued its earnings results on Thursday, February 20th. The company reported $0.49 EPS for the quarter, beating the consensus estimate 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 company had revenue of $35.74 million for the quarter, compared to the consensus estimate of $33.39 million. On average, equities research analysts predict that CTO Realty Growth, Inc. will post 1.92 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on CTO. Wall Street Zen downgraded shares of CTO Realty Growth from a "hold" rating to a "sell" rating in a research note on Tuesday, May 13th. Raymond James decreased their price target on shares of CTO Realty Growth from $24.00 to $22.00 and set a "strong-buy" rating on the stock in a research note on Friday. Finally, B. Riley reiterated a "buy" rating and set a $23.00 price target (up previously from $22.50) on shares of CTO Realty Growth in a research note 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.