State of Wyoming Has $375,000 Stock Position in CTO Realty Growth, Inc. (NYSE:CTO)

State of Wyoming increased its stake in CTO Realty Growth, Inc. (NYSE:CTO) by 72.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 19,039 shares of the company’s stock after acquiring an additional 8,014 shares during the quarter. State of Wyoming’s holdings in CTO Realty Growth were worth $375,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Point72 Asset Management L.P. lifted its stake in shares of CTO Realty Growth by 53.5% in the fourth quarter. Point72 Asset Management L.P. now owns 17,806 shares of the company’s stock worth $351,000 after acquiring an additional 6,206 shares during the period. Man Group plc lifted its stake in CTO Realty Growth by 18.1% in the fourth quarter. Man Group plc now owns 59,382 shares of the company’s stock valued at $1,170,000 after buying an additional 9,116 shares during the period. Nuveen Asset Management LLC lifted its stake in CTO Realty Growth by 45.0% in the fourth quarter. Nuveen Asset Management LLC now owns 330,253 shares of the company’s stock valued at $6,509,000 after buying an additional 102,414 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in CTO Realty Growth by 34.8% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,363 shares of the company’s stock valued at $323,000 after buying an additional 4,227 shares during the period. Finally, Lazard Asset Management LLC acquired a new position in CTO Realty Growth in the fourth quarter valued at approximately $179,000. 67.18% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have issued reports on CTO shares. StockNews.com lowered CTO Realty Growth from a “hold” rating to a “sell” rating in a research note on Tuesday, May 13th. B. Riley reissued a “buy” rating and issued a $23.00 price target (up from $22.50) on shares of CTO Realty Growth in a research note on Wednesday, March 5th.

CTO Realty Growth Price Performance

Shares of CTO opened at $18.25 on Wednesday. CTO Realty Growth, Inc. has a 52-week low of $16.12 and a 52-week high of $21.15. The company has a debt-to-equity ratio of 0.88, a quick ratio of 3.96 and a current ratio of 3.96. The business’s 50 day moving average price is $18.26 and its two-hundred day moving average price is $19.21. The firm has a market cap of $601.06 million, a PE ratio of -82.95 and a beta of 0.76.

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 the consensus estimate of $0.01 by $0.48. The firm had revenue of $35.74 million for the quarter, compared to analyst estimates of $33.39 million. CTO Realty Growth had a negative return on equity of 0.38% and a negative net margin of 1.58%. On average, equities analysts anticipate that CTO Realty Growth, Inc. will post 1.92 EPS for the current year.

CTO Realty Growth Announces Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $1.52 annualized dividend and a dividend yield of 8.33%. CTO Realty Growth’s dividend payout ratio is -370.73%.

CTO Realty Growth Company 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.