CTO Realty Growth, Inc. $CTO Stock Acquired by Virtus Advisers LLC

Virtus Advisers LLC lifted its holdings in shares of CTO Realty Growth, Inc. (NYSE:CTO) by 1,005.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 61,558 shares of the company’s stock after purchasing an additional 55,990 shares during the quarter. Virtus Advisers LLC owned about 0.16% of CTO Realty Growth worth $1,261,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in CTO. GAMMA Investing LLC grew its holdings in shares of CTO Realty Growth by 29.9% in the third quarter. GAMMA Investing LLC now owns 2,868 shares of the company’s stock valued at $59,000 after purchasing an additional 660 shares in the last quarter. Triumph Capital Management lifted its holdings in CTO Realty Growth by 37.2% during the 3rd quarter. Triumph Capital Management now owns 3,320 shares of the company’s stock worth $68,000 after buying an additional 900 shares in the last quarter. Legal & General Group Plc acquired a new stake in CTO Realty Growth during the 2nd quarter worth approximately $70,000. Integrated Wealth Concepts LLC acquired a new stake in CTO Realty Growth during the 2nd quarter worth approximately $101,000. Finally, Sequoia Financial Advisors LLC purchased a new position in CTO Realty Growth in the 1st quarter valued at approximately $192,000. Hedge funds and other institutional investors own 67.18% of the company’s stock.

CTO Realty Growth Stock Up 0.3%

CTO Realty Growth stock traded up $0.06 during trading on Friday, reaching $20.30. The stock had a trading volume of 170,881 shares, compared to its average volume of 383,810. CTO Realty Growth, Inc. has a 52-week low of $17.02 and a 52-week high of $22.71. The business has a 50 day moving average price of $20.38 and a 200 day moving average price of $20.32. The company has a quick ratio of 6.06, a current ratio of 6.06 and a debt-to-equity ratio of 1.05. The stock has a market cap of $786.91 million, a PE ratio of 17.81 and a beta of 0.63.

CTO Realty Growth (NYSE:CTO) last announced its quarterly earnings data on Tuesday, October 27th. The company reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.39). CTO Realty Growth had a net margin of 26.12% and a return on equity of 7.15%. The firm had revenue of $46.91 million during the quarter, compared to analysts’ expectations of $45.21 million. On average, analysts predict that CTO Realty Growth, Inc. will post 2.11 EPS for the current year.

CTO Realty Growth Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Thursday, September 10th were given a $0.38 dividend. The ex-dividend date of this dividend was Thursday, September 10th. This represents a $1.52 dividend on an annualized basis and a yield of 7.5%. CTO Realty Growth’s payout ratio is 133.33%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on CTO shares. Alliance Global Partners restated a “buy” rating on shares of CTO Realty Growth in a research note on Wednesday, July 29th. Huntington initiated coverage on CTO Realty Growth in a research note on Tuesday, October 27th. They issued a “strong-buy” rating on the stock. Cantor Fitzgerald decreased their target price on CTO Realty Growth from $25.00 to $23.00 and set an “overweight” rating for the company in a report on Friday, November 6th. JonesTrading reissued a “buy” rating and set a $24.00 target price on shares of CTO Realty Growth in a research note on Thursday, October 1st. Finally, Weiss Ratings cut CTO Realty Growth from a “buy (b-)” rating to a “hold (c)” rating in a research note on Wednesday, October 28th. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $24.00.

About CTO Realty Growth

CTO Realty Growth, Inc. is a real estate investment trust that acquires, owns and manages income-producing commercial properties. Its portfolio is focused primarily on open-air retail and mixed-use properties, including shopping centers and other retail-oriented real estate. The company invests in markets across the United States, with an emphasis on high-growth Sun Belt locations. It also holds an interest in Alpine Income Property Trust, a separately traded real estate investment trust focused on commercial net-lease properties.