CTO Realty Growth, Inc. (NYSE:CTO) Shares Bought by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. grew its stake in shares of CTO Realty Growth, Inc. (NYSE:CTO) by 44.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 36,000 shares of the company’s stock after purchasing an additional 11,100 shares during the quarter. Nomura Asset Management Co. Ltd. owned approximately 0.12% of CTO Realty Growth worth $710,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. grew its stake in CTO Realty Growth by 118.6% during the 4th quarter. Vanguard Group Inc. now owns 2,514,789 shares of the company’s stock worth $49,566,000 after buying an additional 1,364,637 shares during the last quarter. Thrivent Financial for Lutherans bought a new position in shares of CTO Realty Growth during the fourth quarter worth about $4,673,000. Charles Schwab Investment Management Inc. grew its position in shares of CTO Realty Growth by 143.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 392,102 shares of the company’s stock worth $7,728,000 after acquiring an additional 230,811 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of CTO Realty Growth in the 4th quarter worth about $3,787,000. Finally, JPMorgan Chase & Co. lifted its position in CTO Realty Growth by 155.4% in the 4th quarter. JPMorgan Chase & Co. now owns 162,645 shares of the company’s stock valued at $3,206,000 after purchasing an additional 98,962 shares during the last quarter. 67.18% of the stock is currently owned by institutional investors and hedge funds.

CTO Realty Growth Trading Up 0.4 %

Shares of NYSE:CTO opened at $19.43 on Thursday. The company has a 50 day moving average of $19.40 and a 200-day moving average of $19.52. The company has a current ratio of 3.96, a quick ratio of 3.96 and a debt-to-equity ratio of 0.88. The firm has a market cap of $618.71 million, a P/E ratio of -88.32 and a beta of 0.77. CTO Realty Growth, Inc. has a twelve month low of $16.51 and a twelve month high of $21.15.

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

CTO Realty Growth Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 13th were given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 7.82%. The ex-dividend date of this dividend was Thursday, March 13th. CTO Realty Growth’s dividend payout ratio (DPR) is presently -690.91%.

Wall Street Analysts Forecast Growth

CTO has been the topic of several analyst reports. StockNews.com lowered shares of CTO Realty Growth from a “hold” rating to a “sell” rating in a research note on Saturday, March 1st. B. Riley restated a “buy” rating and issued a $23.00 target price (up from $22.50) on shares of CTO Realty Growth in a research report on Wednesday, March 5th. One research analyst has rated the stock with a sell rating, two have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $21.50.

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.