Russell Investments Group Ltd. Sells 89,200 Shares of CTO Realty Growth, Inc. (NYSE:CTO)

Russell Investments Group Ltd. cut its stake in shares of CTO Realty Growth, Inc. (NYSE:CTO - Free Report) by 20.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 351,314 shares of the company's stock after selling 89,200 shares during the quarter. Russell Investments Group Ltd. owned 1.55% of CTO Realty Growth worth $6,088,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. SG Americas Securities LLC purchased a new stake in CTO Realty Growth during the 3rd quarter valued at about $151,000. Quadrature Capital Ltd bought a new position in CTO Realty Growth during the 3rd quarter valued at approximately $260,000. Sumitomo Mitsui Trust Holdings Inc. raised its position in CTO Realty Growth by 3.3% during the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 20,976 shares of the company's stock valued at $340,000 after purchasing an additional 667 shares during the last quarter. Penserra Capital Management LLC raised its position in CTO Realty Growth by 14.5% during the 3rd quarter. Penserra Capital Management LLC now owns 29,364 shares of the company's stock valued at $475,000 after purchasing an additional 3,710 shares during the last quarter. Finally, Commonwealth Equity Services LLC raised its position in CTO Realty Growth by 3.3% during the 3rd quarter. Commonwealth Equity Services LLC now owns 36,669 shares of the company's stock valued at $594,000 after purchasing an additional 1,165 shares during the last quarter. 67.18% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on CTO. Alliance Global Partners began coverage on CTO Realty Growth in a research report on Monday, April 8th. They set a "buy" rating and a $20.00 price target for the company. B. Riley reaffirmed a "buy" rating on shares of CTO Realty Growth in a research report on Friday, February 2nd. Finally, Jonestrading lowered their price target on CTO Realty Growth from $21.00 to $19.00 and set a "buy" rating for the company in a research report on Monday. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $19.33.

CTO Realty Growth Stock Down 0.6 %

Shares of NYSE:CTO traded down $0.10 during trading on Thursday, hitting $17.24. The stock had a trading volume of 125,060 shares, compared to its average volume of 128,854. CTO Realty Growth, Inc. has a 12 month low of $15.63 and a 12 month high of $18.03. The company has a market capitalization of $395.66 million, a PE ratio of 31.35 and a beta of 0.74. The firm's fifty day moving average is $16.95 and its 200 day moving average is $16.85. The company has a quick ratio of 4.74, a current ratio of 4.74 and a debt-to-equity ratio of 1.17.

CTO Realty Growth Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were given a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 8.82%. The ex-dividend date was Wednesday, March 13th. CTO Realty Growth's dividend payout ratio is currently 276.37%.

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.