SG Americas Securities LLC Sells 2,209 Shares of CTO Realty Growth, Inc. (NYSE:CTO)

SG Americas Securities LLC cut its holdings in shares of CTO Realty Growth, Inc. (NYSE:CTO) by 23.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 7,115 shares of the company’s stock after selling 2,209 shares during the period. SG Americas Securities LLC’s holdings in CTO Realty Growth were worth $123,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Harbour Investments Inc. acquired a new stake in shares of CTO Realty Growth during the second quarter worth $31,000. Advisory Services Network LLC acquired a new position in shares of CTO Realty Growth in the first quarter worth about $35,000. CWM LLC increased its stake in shares of CTO Realty Growth by 695.6% during the third quarter. CWM LLC now owns 3,620 shares of the company’s stock worth $59,000 after purchasing an additional 3,165 shares in the last quarter. FMR LLC increased its stake in shares of CTO Realty Growth by 50.5% during the third quarter. FMR LLC now owns 3,876 shares of the company’s stock worth $63,000 after purchasing an additional 1,301 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its stake in shares of CTO Realty Growth by 1,435.5% during the third quarter. Tower Research Capital LLC TRC now owns 4,975 shares of the company’s stock worth $93,000 after purchasing an additional 4,651 shares in the last quarter. 67.18% of the stock is currently owned by institutional investors.

CTO Realty Growth Trading Up 0.7 %

Shares of NYSE:CTO opened at $16.72 on Friday. CTO Realty Growth, Inc. has a 52 week low of $15.63 and a 52 week high of $18.03. The company’s 50 day moving average is $16.79 and its two-hundred day moving average is $16.74. The company has a current ratio of 3.77, a quick ratio of 3.77 and a debt-to-equity ratio of 1.08. The company has a market cap of $381.38 million, a PE ratio of 557.33 and a beta of 0.77.

CTO Realty Growth Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 9.09%. The ex-dividend date of this dividend was Wednesday, March 13th. CTO Realty Growth’s dividend payout ratio (DPR) is 5,066.67%.

Analyst Ratings Changes

CTO has been the subject of several research reports. Alliance Global Partners began coverage on shares of CTO Realty Growth in a research note on Monday, April 8th. They set a “buy” rating and a $20.00 price objective for the company. StockNews.com upgraded shares of CTO Realty Growth from a “sell” rating to a “hold” rating in a report on Wednesday, December 27th. Finally, B. Riley reiterated a “buy” rating on shares of CTO Realty Growth in a report on Friday, February 2nd. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, CTO Realty Growth currently has a consensus rating of “Moderate Buy” and a consensus price target of $20.00.

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.