CTO Realty Growth, Inc. (NYSE:CTO) Shares Acquired by Two Sigma Advisers LP

Two Sigma Advisers LP lifted its holdings in CTO Realty Growth, Inc. (NYSE:CTO - Free Report) by 29.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 509,701 shares of the company's stock after purchasing an additional 115,000 shares during the quarter. Two Sigma Advisers LP owned about 1.70% of CTO Realty Growth worth $10,046,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in shares of CTO Realty Growth by 118.6% in 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 in the last quarter. Geode Capital Management LLC boosted its position in shares of CTO Realty Growth by 30.9% in the 4th quarter. Geode Capital Management LLC now owns 679,893 shares of the company's stock worth $13,403,000 after purchasing an additional 160,593 shares in the last quarter. Invesco Ltd. boosted its position 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 worth $9,235,000 after purchasing an additional 408,632 shares in the last quarter. Two Sigma Investments LP boosted its position in shares of CTO Realty Growth by 2.2% in the 4th quarter. Two Sigma Investments LP now owns 455,146 shares of the company's stock worth $8,971,000 after purchasing an additional 9,709 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position 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 worth $7,728,000 after purchasing an additional 230,811 shares in the last quarter. Institutional investors and hedge funds own 67.18% of the company's stock.

Analysts Set New Price Targets

CTO has been the subject of a number of recent analyst reports. B. Riley reissued a "buy" rating and issued a $23.00 price objective (up previously from $22.50) on shares of CTO Realty Growth in a research report on Wednesday, March 5th. Raymond James reiterated a "strong-buy" rating on shares of CTO Realty Growth in a research note on Friday. Finally, Wall Street Zen downgraded 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 Realty Growth stock traded down $0.01 during trading hours on Wednesday, hitting $18.25. 30,593 shares of the stock traded hands, compared to its average volume of 347,814. 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 firm's 50 day moving average price is $18.17 and its 200-day moving average price is $19.14. The stock has a market capitalization of $601.10 million, a price-to-earnings ratio of -82.98 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.

CTO Realty Growth (NYSE:CTO - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.48. The business had revenue of $35.74 million for the quarter, compared to the consensus estimate 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, equities analysts expect that CTO Realty Growth, Inc. will post 1.92 EPS for the current fiscal year.

CTO Realty Growth Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Thursday, June 12th will be issued a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 8.33%. CTO Realty Growth's dividend payout ratio (DPR) 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.