CTO Realty Growth, Inc. (NYSE:CTO) Stock Position Increased by Two Sigma Advisers LP

Two Sigma Advisers LP increased its stake in CTO Realty Growth, Inc. (NYSE:CTO - Free Report) by 29.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 509,701 shares of the company's stock after buying an additional 115,000 shares during the period. Two Sigma Advisers LP owned about 1.70% of CTO Realty Growth worth $10,046,000 at the end of the most recent reporting period.

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

CTO Realty Growth Stock Performance

Shares of NYSE:CTO traded up $0.47 during trading on Tuesday, reaching $18.31. 109,125 shares of the company's stock traded hands, compared to its average volume of 348,721. The stock has a market capitalization of $602.88 million, a P/E ratio of -83.16 and a beta of 0.76. CTO Realty Growth, Inc. has a 12 month low of $16.12 and a 12 month high of $21.15. The company has a 50 day moving average of $18.19 and a 200-day moving average of $19.15. The company has a debt-to-equity ratio of 0.88, a current ratio of 3.96 and a quick ratio of 3.96.

CTO Realty Growth (NYSE:CTO - Get Free Report) last posted 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. The company had revenue of $35.74 million during the quarter, compared to analyst estimates of $33.39 million. CTO Realty Growth had a negative return on equity of 0.38% and a negative net margin of 1.58%. On average, equities analysts expect that CTO Realty Growth, Inc. will post 1.92 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Raymond James reiterated a "strong-buy" rating on shares of CTO Realty Growth in a research report on Friday. Wall Street Zen cut CTO Realty Growth from a "hold" rating to a "sell" rating in a research note on Tuesday, May 13th. Finally, B. Riley reaffirmed a "buy" rating and issued a $23.00 price objective (up previously from $22.50) on shares of CTO Realty Growth in a report on Wednesday, March 5th.

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.