CTO Realty Growth, Inc. $CTO Stock Sold by Grace & White Inc. NY

Grace & White Inc. NY reduced its stake in shares of CTO Realty Growth, Inc. (NYSE:CTO) by 6.2% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 523,926 shares of the company’s stock after selling 34,575 shares during the period. CTO Realty Growth makes up approximately 1.7% of Grace & White Inc. NY’s holdings, making the stock its 15th biggest holding. Grace & White Inc. NY’s holdings in CTO Realty Growth were worth $10,735,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. BlackRock Inc. bought a new position in CTO Realty Growth in the second quarter valued at approximately $77,576,000. Miller Value Partners LLC bought a new stake in shares of CTO Realty Growth during the second quarter worth $11,613,000. Dimensional Fund Advisors LP increased its position in shares of CTO Realty Growth by 6.0% during the first quarter. Dimensional Fund Advisors LP now owns 443,746 shares of the company’s stock worth $8,205,000 after acquiring an additional 24,989 shares in the last quarter. Man Group plc acquired a new stake in shares of CTO Realty Growth during the second quarter worth $8,160,000. Finally, Renaissance Technologies LLC raised its holdings in shares of CTO Realty Growth by 0.9% during the first quarter. Renaissance Technologies LLC now owns 212,300 shares of the company’s stock worth $3,925,000 after acquiring an additional 1,799 shares during the period. 67.18% of the stock is currently owned by institutional investors and hedge funds.

CTO Realty Growth Trading Down 2.2%

NYSE:CTO opened at $19.81 on Friday. CTO Realty Growth, Inc. has a twelve month low of $16.02 and a twelve month high of $22.71. The company has a quick ratio of 8.69, a current ratio of 8.69 and a debt-to-equity ratio of 0.99. The business has a 50 day moving average price of $20.89 and a two-hundred day moving average price of $20.85. The company has a market cap of $742.58 million, a P/E ratio of 14.57 and a beta of 0.60.

CTO Realty Growth (NYSE:CTO) last posted its quarterly earnings data on Tuesday, July 28th. The company reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.28. The company had revenue of $43.83 million for the quarter, compared to the consensus estimate of $42.31 million. CTO Realty Growth had a net margin of 32.63% and a return on equity of 8.90%. CTO Realty Growth has set its FY 2026 guidance at 2.210-2.250 EPS. As a group, analysts expect that CTO Realty Growth, Inc. will post 2.12 EPS for the current fiscal year.

CTO Realty Growth Announces Dividend

The firm also recently announced 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 7.7%. CTO Realty Growth’s dividend payout ratio (DPR) is 111.76%.

Analyst Ratings Changes

Several research firms recently commented on CTO. Huntington began coverage on shares of CTO Realty Growth in a research report on Tuesday, August 11th. They issued an “outperform” rating and a $24.00 price objective on the stock. Weiss Ratings lowered shares of CTO Realty Growth from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, September 25th. Raymond James Financial reiterated a “strong-buy” rating and set a $25.00 target price on shares of CTO Realty Growth in a report on Monday, June 29th. Cantor Fitzgerald lifted their price target on CTO Realty Growth from $23.00 to $25.00 and gave the company an “overweight” rating in a research note on Monday, August 3rd. Finally, Alliance Global Partners restated a “buy” rating on shares of CTO Realty Growth in a report on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $24.50.

CTO Realty Growth Profile

CTO Realty Growth, Inc is an internally managed real estate investment trust (REIT) that owns, manages and invests in income-producing commercial real estate. The company’s portfolio is focused primarily on open-air shopping centers and other retail properties, including locations anchored by grocery stores, home-improvement retailers and other necessity-based tenants.

The company also makes structured investments in commercial real estate and may pursue additional property investments in select markets.