State of Wyoming Acquires 8,014 Shares of CTO Realty Growth, Inc. (NYSE:CTO)

State of Wyoming raised its holdings in CTO Realty Growth, Inc. (NYSE:CTO) by 72.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,039 shares of the company’s stock after acquiring an additional 8,014 shares during the period. State of Wyoming owned about 0.06% of CTO Realty Growth worth $375,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CTO. Summit Investment Advisors Inc. grew its position in CTO Realty Growth by 39.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 3,020 shares of the company’s stock valued at $60,000 after acquiring an additional 852 shares during the last quarter. NewEdge Advisors LLC grew its position in CTO Realty Growth by 300.0% in the fourth quarter. NewEdge Advisors LLC now owns 4,000 shares of the company’s stock valued at $79,000 after acquiring an additional 3,000 shares during the last quarter. Daiwa Securities Group Inc. grew its position in CTO Realty Growth by 32.3% in the fourth quarter. Daiwa Securities Group Inc. now owns 8,666 shares of the company’s stock valued at $171,000 after acquiring an additional 2,118 shares during the last quarter. Lazard Asset Management LLC bought a new position in CTO Realty Growth in the fourth quarter valued at about $179,000. Finally, Cornerstone Investment Partners LLC bought a new position in CTO Realty Growth in the fourth quarter valued at about $201,000. Institutional investors own 67.18% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on CTO shares. B. Riley reiterated a “buy” rating and issued a $23.00 target price (up previously from $22.50) on shares of CTO Realty Growth in a research report on Wednesday, March 5th. StockNews.com cut CTO Realty Growth from a “hold” rating to a “sell” rating in a research report on Tuesday, May 13th.

CTO Realty Growth Stock Performance

NYSE:CTO opened at $18.25 on Wednesday. The stock has a market cap of $601.06 million, a P/E ratio of -82.95 and a beta of 0.76. 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 stock’s 50-day moving average is $18.26 and its 200-day moving average is $19.21. CTO Realty Growth, Inc. has a 1-year low of $16.12 and a 1-year high of $21.15.

CTO Realty Growth (NYSE:CTO) last released its quarterly 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 company had revenue of $35.74 million for 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%. Equities research analysts anticipate that CTO Realty Growth, Inc. will post 1.92 earnings per share for the current year.

CTO Realty Growth Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 13th were issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 8.33%. The ex-dividend date was Thursday, March 13th. CTO Realty Growth’s dividend payout ratio (DPR) is currently -370.73%.

CTO Realty Growth 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.