Vanguard Group Inc. grew its stake in CTO Realty Growth, Inc. (NYSE:CTO – Free Report) by 0.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 3,166,067 shares of the company’s stock after acquiring an additional 26,760 shares during the period. Vanguard Group Inc. owned about 9.78% of CTO Realty Growth worth $58,287,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also made changes to their positions in CTO. Crossingbridge Advisors LLC grew its holdings in shares of CTO Realty Growth by 154.4% in the third quarter. Crossingbridge Advisors LLC now owns 268,079 shares of the company’s stock valued at $4,273,000 after purchasing an additional 162,689 shares in the last quarter. Prevail Innovative Wealth Advisors LLC grew its holdings in shares of CTO Realty Growth by 40.4% in the third quarter. Prevail Innovative Wealth Advisors LLC now owns 360,108 shares of the company’s stock valued at $5,870,000 after purchasing an additional 103,648 shares in the last quarter. Ingalls & Snyder LLC grew its holdings in shares of CTO Realty Growth by 20.3% in the third quarter. Ingalls & Snyder LLC now owns 474,272 shares of the company’s stock valued at $7,731,000 after purchasing an additional 79,960 shares in the last quarter. US Bancorp DE grew its holdings in shares of CTO Realty Growth by 95.5% in the third quarter. US Bancorp DE now owns 62,071 shares of the company’s stock valued at $1,012,000 after purchasing an additional 30,316 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D grew its holdings in shares of CTO Realty Growth by 2.0% in the third quarter. State of New Jersey Common Pension Fund D now owns 249,068 shares of the company’s stock valued at $4,060,000 after purchasing an additional 5,000 shares in the last quarter. 67.18% of the stock is owned by hedge funds and other institutional investors.
CTO Realty Growth Trading Down 0.4%
NYSE CTO opened at $20.01 on Friday. The company has a quick ratio of 3.95, a current ratio of 3.95 and a debt-to-equity ratio of 1.13. CTO Realty Growth, Inc. has a 52 week low of $15.06 and a 52 week high of $20.67. The stock has a market capitalization of $675.77 million, a PE ratio of 95.27 and a beta of 0.62. The firm has a 50 day moving average of $19.38 and a two-hundred day moving average of $18.53.
CTO Realty Growth Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 12th were issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 7.6%. The ex-dividend date was Thursday, March 12th. CTO Realty Growth’s payout ratio is 723.81%.
Analyst Ratings Changes
CTO has been the subject of a number of research reports. Alliance Global Partners restated a “buy” rating on shares of CTO Realty Growth in a report on Wednesday, April 29th. Cantor Fitzgerald lifted their price objective on shares of CTO Realty Growth from $22.00 to $23.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Weiss Ratings upgraded shares of CTO Realty Growth from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, April 29th. Finally, JonesTrading lifted their price objective on shares of CTO Realty Growth from $21.00 to $23.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $22.67.
Get Our Latest Report on CTO Realty Growth
About CTO Realty Growth
CTO Realty Growth, Inc is a publicly traded real estate investment trust (REIT) that specializes in single-tenant net lease properties. The company’s primary focus is on acquiring, owning and managing retail assets leased to creditworthy operators under long-term, triple-net lease agreements. By targeting essential retail segments, CTO Realty Growth seeks to generate stable, inflation-protected income streams while maintaining a disciplined investment approach.
The REIT’s portfolio is concentrated in convenience store and fuel service locations, with additional assets in other retail categories where net lease structures prevail.
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