Nuveen Asset Management LLC Purchases 102,414 Shares of CTO Realty Growth, Inc. (NYSE:CTO)

Nuveen Asset Management LLC lifted its position in shares of CTO Realty Growth, Inc. (NYSE:CTO - Free Report) by 45.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 330,253 shares of the company's stock after purchasing an additional 102,414 shares during the period. Nuveen Asset Management LLC owned 1.10% of CTO Realty Growth worth $6,509,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of CTO. Vanguard Group Inc. increased its stake in shares of CTO Realty Growth by 118.6% during the 4th quarter. Vanguard Group Inc. now owns 2,514,789 shares of the company's stock worth $49,566,000 after purchasing an additional 1,364,637 shares during the last quarter. Invesco Ltd. increased its stake in shares of CTO Realty Growth by 681.9% during the 4th quarter. Invesco Ltd. now owns 468,556 shares of the company's stock worth $9,235,000 after purchasing an additional 408,632 shares during the last quarter. APG Asset Management US Inc. acquired a new position in shares of CTO Realty Growth during the 4th quarter worth about $6,500,000. BNP Paribas Financial Markets acquired a new position in shares of CTO Realty Growth during the 4th quarter worth about $6,485,000. Finally, Thrivent Financial for Lutherans acquired a new position in shares of CTO Realty Growth during the 4th quarter worth about $4,673,000. 67.18% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CTO. Raymond James restated a "strong-buy" rating on shares of CTO Realty Growth in a research note on Friday, May 23rd. B. Riley reiterated a "buy" rating and issued a $23.00 price target (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 research note on Tuesday, May 13th.

CTO Realty Growth Stock Performance

CTO traded up $0.01 on Monday, reaching $18.43. The company had a trading volume of 200,798 shares, compared to its average volume of 350,680. CTO Realty Growth, Inc. has a fifty-two week low of $16.12 and a fifty-two week high of $21.15. The stock has a market cap of $606.99 million, a P/E ratio of -83.77 and a beta of 0.76. The company's fifty day moving average is $18.13 and its 200 day moving average is $19.10. The company has a debt-to-equity ratio of 0.88, a quick ratio of 3.96 and a current ratio of 3.96.

CTO Realty Growth (NYSE:CTO - Get Free Report) last announced its earnings results on Thursday, February 20th. The company reported $0.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 analyst estimates of $33.39 million. As a group, analysts predict that CTO Realty Growth, Inc. will post 1.92 earnings per share for the current fiscal year.

CTO Realty Growth Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Thursday, June 12th will be given a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, June 12th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 8.25%. CTO Realty Growth's payout ratio is presently -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.