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

Northern Trust Corp raised its stake in CTO Realty Growth, Inc. (NYSE:CTO - Free Report) by 29.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 275,156 shares of the company's stock after buying an additional 61,987 shares during the quarter. Northern Trust Corp owned 0.92% of CTO Realty Growth worth $5,423,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CTO. JPMorgan Chase & Co. increased its position in CTO Realty Growth by 4.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 63,683 shares of the company's stock worth $1,211,000 after purchasing an additional 2,500 shares during the last quarter. SG Americas Securities LLC increased its holdings in CTO Realty Growth by 42.4% in the fourth quarter. SG Americas Securities LLC now owns 13,202 shares of the company's stock worth $260,000 after buying an additional 3,933 shares during the last quarter. EMC Capital Management raised its position in CTO Realty Growth by 448.8% during the fourth quarter. EMC Capital Management now owns 15,312 shares of the company's stock valued at $302,000 after acquiring an additional 12,522 shares in the last quarter. Longboard Asset Management LP acquired a new stake in CTO Realty Growth in the fourth quarter valued at approximately $212,000. Finally, State of Alaska Department of Revenue lifted its stake in CTO Realty Growth by 30.7% in the fourth quarter. State of Alaska Department of Revenue now owns 13,819 shares of the company's stock valued at $272,000 after acquiring an additional 3,242 shares during the last quarter. Hedge funds and other institutional investors own 67.18% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. B. Riley restated 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. Raymond James reissued a "strong-buy" rating on shares of CTO Realty Growth in a research report on Friday. Finally, Wall Street Zen lowered CTO Realty Growth from a "hold" rating to a "sell" rating in a report on Tuesday, May 13th.

CTO Realty Growth Stock Performance

Shares of NYSE:CTO traded up $0.11 during trading on Monday, reaching $17.86. The stock had a trading volume of 193,066 shares, compared to its average volume of 349,664. The stock has a fifty day simple moving average of $18.19 and a two-hundred day simple moving average of $19.15. 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 52 week low of $16.12 and a 52 week high of $21.15. The firm 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 announced its earnings results on Thursday, February 20th. The company reported $0.49 EPS for the quarter, topping 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 firm had revenue of $35.74 million for the quarter, compared to the consensus estimate of $33.39 million. As a group, analysts anticipate that CTO Realty Growth, Inc. will post 1.92 earnings per share for the current fiscal year.

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.