Los Angeles Capital Management LLC Grows Stake in CTO Realty Growth, Inc. (NYSE:CTO)

Los Angeles Capital Management LLC raised its stake in shares of CTO Realty Growth, Inc. (NYSE:CTO) by 2.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 96,540 shares of the company’s stock after purchasing an additional 2,200 shares during the period. Los Angeles Capital Management LLC owned 0.32% of CTO Realty Growth worth $1,903,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CTO. Heitman Real Estate Securities LLC boosted its stake in shares of CTO Realty Growth by 26.2% during the 3rd quarter. Heitman Real Estate Securities LLC now owns 989,073 shares of the company’s stock worth $18,812,000 after purchasing an additional 205,383 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of CTO Realty Growth by 162.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 161,291 shares of the company’s stock worth $3,068,000 after buying an additional 99,943 shares during the period. Leeward Investments LLC MA bought a new stake in shares of CTO Realty Growth during the 4th quarter worth approximately $1,706,000. Atom Investors LP purchased a new position in CTO Realty Growth during the 3rd quarter valued at $1,149,000. Finally, State of New Jersey Common Pension Fund D grew its position in CTO Realty Growth by 37.0% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 200,068 shares of the company’s stock valued at $3,943,000 after acquiring an additional 54,000 shares during the last quarter. 67.18% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of CTO Realty Growth from a “hold” rating to a “sell” rating in a research note on Saturday.

CTO Realty Growth Stock Performance

CTO Realty Growth stock opened at $19.05 on Friday. CTO Realty Growth, Inc. has a fifty-two week low of $16.33 and a fifty-two week high of $21.15. The company has a market capitalization of $606.61 million, a PE ratio of -86.59 and a beta of 0.78. The company has a 50 day moving average price of $19.65 and a 200-day moving average price of $19.54. The company has a debt-to-equity ratio of 0.88, a quick ratio of 3.96 and a current ratio of 3.96.

CTO Realty Growth (NYSE:CTO) last issued its earnings results on Thursday, February 20th. The company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.48. The business had revenue of $35.74 million during the quarter, compared to analysts’ expectations of $33.39 million. CTO Realty Growth had a negative return on equity of 0.38% and a negative net margin of 1.58%. As a group, equities analysts forecast that CTO Realty Growth, Inc. will post 1.92 earnings per share for the current year.

CTO Realty Growth Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 13th will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 7.98%. The ex-dividend date is Thursday, March 13th. CTO Realty Growth’s dividend payout ratio (DPR) is -690.91%.

About CTO Realty Growth

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.