Ingalls & Snyder LLC Decreases Stock Position in CTO Realty Growth, Inc. (NYSE:CTO)

Ingalls & Snyder LLC lowered its position in CTO Realty Growth, Inc. (NYSE:CTO) by 6.4% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 371,803 shares of the company’s stock after selling 25,308 shares during the period. Ingalls & Snyder LLC owned 1.24% of CTO Realty Growth worth $7,328,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of CTO. Signaturefd LLC raised its position in shares of CTO Realty Growth by 45.4% during the 3rd quarter. Signaturefd LLC now owns 1,785 shares of the company’s stock valued at $34,000 after buying an additional 557 shares during the period. Copeland Capital Management LLC purchased a new stake in CTO Realty Growth in the third quarter valued at $49,000. Point72 DIFC Ltd purchased a new stake in CTO Realty Growth in the third quarter valued at $94,000. CWM LLC lifted its position in CTO Realty Growth by 65.6% in the third quarter. CWM LLC now owns 7,497 shares of the company’s stock valued at $143,000 after buying an additional 2,970 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in CTO Realty Growth in the third quarter valued at about $176,000. 67.18% of the stock is owned by hedge funds and other institutional investors.

CTO Realty Growth Trading Up 0.6 %

Shares of CTO stock opened at $20.38 on Thursday. The business’s 50 day moving average is $19.76 and its two-hundred day moving average is $19.55. CTO Realty Growth, Inc. has a twelve month low of $16.16 and a twelve month high of $21.15. The company has a market capitalization of $610.99 million, a P/E ratio of 34.54 and a beta of 0.78. The company has a current ratio of 3.96, a quick ratio of 3.96 and a debt-to-equity ratio of 0.88.

CTO Realty Growth Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Thursday, December 12th were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Thursday, December 12th. This represents a $1.52 annualized dividend and a dividend yield of 7.46%. CTO Realty Growth’s payout ratio is currently 257.63%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. StockNews.com lowered shares of CTO Realty Growth from a “hold” rating to a “sell” rating in a report on Monday, October 28th. Raymond James raised shares of CTO Realty Growth from an “outperform” rating to a “strong-buy” rating and upped their target price for the stock from $22.00 to $24.00 in a research note on Wednesday, October 30th.

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.