Talon Private Wealth LLC Takes Position in CTO Realty Growth, Inc. (NYSE:CTO)

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

Several other institutional investors also recently bought and sold shares of CTO. Summit Investment Advisors Inc. lifted its holdings in shares of CTO Realty Growth by 39.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 3,020 shares of the company's stock valued at $60,000 after purchasing an additional 852 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in CTO Realty Growth by 4.7% during the fourth quarter. The Manufacturers Life Insurance Company now owns 22,290 shares of the company's stock valued at $439,000 after purchasing an additional 993 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of CTO Realty Growth by 9.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 12,908 shares of the company's stock valued at $254,000 after acquiring an additional 1,159 shares during the last quarter. Guggenheim Capital LLC boosted its position in CTO Realty Growth by 5.1% during the fourth quarter. Guggenheim Capital LLC now owns 24,087 shares of the company's stock worth $475,000 after acquiring an additional 1,172 shares during the last quarter. Finally, Sanctuary Advisors LLC boosted its stake in CTO Realty Growth by 17.3% during the fourth quarter. Sanctuary Advisors LLC now owns 12,155 shares of the company's stock worth $238,000 after buying an additional 1,796 shares during the last quarter. 67.18% of the stock is owned by hedge funds and other institutional investors.

CTO Realty Growth Trading Up 0.4 %

Shares of CTO traded up $0.08 on Friday, hitting $18.18. 359,591 shares of the stock traded hands, compared to its average volume of 343,434. The company has a quick ratio of 3.96, a current ratio of 3.96 and a debt-to-equity ratio of 0.88. The firm has a market capitalization of $578.91 million, a P/E ratio of -82.64 and a beta of 0.61. The stock's 50 day moving average is $18.46 and its two-hundred day moving average is $19.33. 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 EPS for the quarter, beating the consensus estimate 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, sell-side analysts predict that CTO Realty Growth, Inc. will post 1.92 earnings per share for the current year.

CTO Realty Growth Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders 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 dividend on an annualized basis and a dividend yield of 8.36%. CTO Realty Growth's payout ratio is currently -690.91%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on CTO. StockNews.com cut CTO Realty Growth from a "hold" rating to a "sell" rating in a research note on Saturday, March 1st. B. Riley reaffirmed a "buy" rating and set a $23.00 price objective (up from $22.50) on shares of CTO Realty Growth in a research report on Wednesday, March 5th. One investment analyst has rated the stock with a sell rating, two have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $22.00.

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.