Public Employees Retirement System of Ohio increased its stake in shares of CTO Realty Growth, Inc. (NYSE:CTO – Free Report) by 227.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,761 shares of the company’s stock after buying an additional 24,852 shares during the quarter. Public Employees Retirement System of Ohio owned 0.11% of CTO Realty Growth worth $661,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. State of Alaska Department of Revenue boosted its holdings in CTO Realty Growth by 3.5% during the 4th quarter. State of Alaska Department of Revenue now owns 16,953 shares of the company’s stock worth $311,000 after acquiring an additional 575 shares during the last quarter. Intech Investment Management LLC grew its stake in shares of CTO Realty Growth by 8.8% in the 4th quarter. Intech Investment Management LLC now owns 11,902 shares of the company’s stock worth $219,000 after acquiring an additional 958 shares in the last quarter. Sei Investments Co. raised its holdings in shares of CTO Realty Growth by 8.3% in the third quarter. Sei Investments Co. now owns 13,436 shares of the company’s stock valued at $219,000 after purchasing an additional 1,032 shares during the last quarter. Kennedy Capital Management LLC raised its holdings in shares of CTO Realty Growth by 0.3% in the fourth quarter. Kennedy Capital Management LLC now owns 326,556 shares of the company’s stock valued at $6,012,000 after purchasing an additional 1,069 shares during the last quarter. Finally, Creative Planning lifted its position in shares of CTO Realty Growth by 9.6% during the third quarter. Creative Planning now owns 12,690 shares of the company’s stock valued at $207,000 after purchasing an additional 1,107 shares in the last quarter. 67.18% of the stock is owned by hedge funds and other institutional investors.
CTO Realty Growth Trading Down 1.3%
NYSE CTO opened at $21.79 on Wednesday. The business’s fifty day moving average is $21.30 and its 200-day moving average is $19.93. The company has a debt-to-equity ratio of 0.99, a current ratio of 8.69 and a quick ratio of 8.69. The stock has a market capitalization of $816.91 million, a price-to-earnings ratio of 16.02 and a beta of 0.60. CTO Realty Growth, Inc. has a one year low of $15.06 and a one year high of $22.71.
CTO Realty Growth Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 11th were given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 7.0%. The ex-dividend date of this dividend was Thursday, June 11th. CTO Realty Growth’s dividend payout ratio is currently 111.76%.
Wall Street Analyst Weigh In
CTO has been the topic of several analyst reports. Raymond James Financial restated a “strong-buy” rating and set a $25.00 price target on shares of CTO Realty Growth in a report on Monday, June 29th. Alliance Global Partners reiterated a “buy” rating on shares of CTO Realty Growth in a research note on Wednesday, July 29th. JonesTrading lifted their target price on shares of CTO Realty Growth from $23.00 to $24.00 and gave the stock a “buy” rating in a research report on Wednesday, July 29th. Zacks Research upgraded CTO Realty Growth from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 30th. Finally, Cantor Fitzgerald upped their target price on CTO Realty Growth from $23.00 to $25.00 and gave the company an “overweight” rating in a report on Monday. Two analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $24.67.
View Our Latest Stock Analysis on CTO
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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