Talon Private Wealth LLC Acquires Shares of 14,240 CTO Realty Growth, Inc. (NYSE:CTO)

Talon Private Wealth LLC purchased a new position in shares of CTO Realty Growth, Inc. (NYSE:CTO - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 14,240 shares of the company's stock, valued at approximately $281,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Barclays PLC grew its position in shares of CTO Realty Growth by 251.1% during the 3rd quarter. Barclays PLC now owns 55,911 shares of the company's stock worth $1,063,000 after buying an additional 39,986 shares during the period. Franklin Resources Inc. raised its position in shares of CTO Realty Growth by 9.8% during the 3rd quarter. Franklin Resources Inc. now owns 209,511 shares of the company's stock valued at $3,972,000 after acquiring an additional 18,743 shares during the last quarter. Principal Financial Group Inc. acquired a new position in shares of CTO Realty Growth in the 3rd quarter valued at $253,000. JPMorgan Chase & Co. boosted its position in shares of 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. Finally, SG Americas Securities LLC grew its stake 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 period. Institutional investors own 67.18% of the company's stock.

CTO Realty Growth Stock Up 0.6 %

Shares of NYSE:CTO traded up $0.11 during trading on Wednesday, hitting $17.99. 19,414 shares of the company's stock traded hands, compared to its average volume of 342,123. The company has a 50-day moving average price of $18.43 and a 200-day moving average price of $19.31. CTO Realty Growth, Inc. has a 52 week low of $16.12 and a 52 week high of $21.15. The company has a current ratio of 3.96, a quick ratio of 3.96 and a debt-to-equity ratio of 0.88. The company has a market cap of $592.34 million, a price-to-earnings ratio of -81.66 and a beta of 0.76.

CTO Realty Growth (NYSE:CTO - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.49 EPS for the quarter, topping analysts' consensus estimates of $0.01 by $0.48. The business had revenue of $35.74 million for the quarter, compared to analyst estimates of $33.39 million. CTO Realty Growth had a negative net margin of 1.58% and a negative return on equity of 0.38%. As a group, research analysts forecast that CTO Realty Growth, Inc. will post 1.92 EPS for the current fiscal year.

CTO Realty Growth Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 13th were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $1.52 annualized dividend and a yield of 8.45%. CTO Realty Growth's dividend payout ratio (DPR) is presently -370.73%.

Analysts Set New Price Targets

CTO has been the subject of several analyst reports. B. Riley restated a "buy" rating and set a $23.00 target price (up from $22.50) on shares of CTO Realty Growth in a research report on Wednesday, March 5th. StockNews.com upgraded shares of CTO Realty Growth from a "sell" rating to a "hold" rating in a report on Monday.

CTO Realty Growth Company 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.