Quantbot Technologies LP acquired a new stake in shares of CTO Realty Growth, Inc. (NYSE:CTO – Free Report) in the second quarter, Holdings Channel.com reports. The firm acquired 55,145 shares of the company’s stock, valued at approximately $1,186,000.
Other hedge funds have also made changes to their positions in the company. Clearstead Advisors LLC grew its position in CTO Realty Growth by 231.9% during the fourth quarter. Clearstead Advisors LLC now owns 1,789 shares of the company’s stock worth $33,000 after buying an additional 1,250 shares in the last quarter. CIBC Private Wealth Group LLC acquired a new position in CTO Realty Growth in the 3rd quarter valued at approximately $37,000. Tower Research Capital LLC TRC raised its holdings in CTO Realty Growth by 51.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,654 shares of the company’s stock valued at $63,000 after acquiring an additional 1,245 shares in the last quarter. Virtus Advisers LLC bought a new stake in shares of CTO Realty Growth in the 2nd quarter worth approximately $120,000. Finally, PNC Financial Services Group Inc. lifted its position in shares of CTO Realty Growth by 127.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 7,080 shares of the company’s stock worth $130,000 after acquiring an additional 3,974 shares during the period. Institutional investors own 67.18% of the company’s stock.
CTO Realty Growth Trading Down 0.3%
CTO stock opened at $21.94 on Wednesday. CTO Realty Growth, Inc. has a 1-year low of $15.06 and a 1-year high of $22.71. The company has a current ratio of 8.69, a quick ratio of 8.69 and a debt-to-equity ratio of 0.99. The business’s 50 day moving average is $21.68 and its 200-day moving average is $20.34. The firm has a market cap of $822.53 million, a P/E ratio of 16.13 and a beta of 0.60.
CTO Realty Growth Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Thursday, September 10th will be issued a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 6.9%. CTO Realty Growth’s dividend payout ratio (DPR) is presently 111.76%.
Analysts Set New Price Targets
CTO has been the topic of a number of research reports. Huntington initiated coverage on CTO Realty Growth in a research report on Tuesday, August 11th. They set an “outperform” rating and a $24.00 price objective on the stock. JonesTrading raised their target price on CTO Realty Growth from $23.00 to $24.00 and gave the stock a “buy” rating in a research report on Wednesday, July 29th. Cantor Fitzgerald lifted their price target on shares of CTO Realty Growth from $23.00 to $25.00 and gave the stock an “overweight” rating in a research note on Monday, August 3rd. Raymond James Financial reissued a “strong-buy” rating and issued a $25.00 price target on shares of CTO Realty Growth in a report on Monday, June 29th. Finally, Zacks Research upgraded shares of CTO Realty Growth from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 30th. Two equities research analysts have rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $24.50.
View Our Latest Analysis on CTO
CTO Realty Growth Profile
CTO Realty Growth, Inc is a publicly traded real estate investment trust (REIT) that specializes in single-tenant net lease properties. The company’s primary focus is on acquiring, owning and managing retail assets leased to creditworthy operators under long-term, triple-net lease agreements. By targeting essential retail segments, CTO Realty Growth seeks to generate stable, inflation-protected income streams while maintaining a disciplined investment approach.
The REIT’s portfolio is concentrated in convenience store and fuel service locations, with additional assets in other retail categories where net lease structures prevail.
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