LSV Asset Management Sells 23,079 Shares of CTO Realty Growth, Inc. (NYSE:CTO)

LSV Asset Management trimmed its stake in shares of CTO Realty Growth, Inc. (NYSE:CTO) by 6.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 322,980 shares of the company’s stock after selling 23,079 shares during the quarter. LSV Asset Management’s holdings in CTO Realty Growth were worth $5,597,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of CTO. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in shares of CTO Realty Growth by 3.3% during the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 20,976 shares of the company’s stock worth $340,000 after buying an additional 667 shares during the period. Commonwealth Equity Services LLC grew its position in shares of CTO Realty Growth by 3.3% in the third quarter. Commonwealth Equity Services LLC now owns 36,669 shares of the company’s stock valued at $594,000 after purchasing an additional 1,165 shares during the last quarter. Foundry Partners LLC increased its stake in shares of CTO Realty Growth by 0.6% during the third quarter. Foundry Partners LLC now owns 201,331 shares of the company’s stock worth $3,264,000 after purchasing an additional 1,275 shares during the period. Gamco Investors INC. ET AL lifted its holdings in CTO Realty Growth by 2.3% during the 3rd quarter. Gamco Investors INC. ET AL now owns 73,994 shares of the company’s stock worth $1,199,000 after purchasing an additional 1,634 shares during the last quarter. Finally, Ancora Advisors LLC grew its holdings in CTO Realty Growth by 0.5% in the 3rd quarter. Ancora Advisors LLC now owns 376,575 shares of the company’s stock valued at $6,104,000 after buying an additional 1,926 shares in the last quarter. 67.18% of the stock is currently owned by institutional investors and hedge funds.

CTO Realty Growth Stock Up 0.4 %

Shares of NYSE CTO opened at $17.32 on Thursday. CTO Realty Growth, Inc. has a 52 week low of $15.63 and a 52 week high of $18.03. The stock’s fifty day moving average is $16.94 and its 200 day moving average is $16.85. The company has a debt-to-equity ratio of 1.17, a quick ratio of 4.74 and a current ratio of 4.74. The stock has a market capitalization of $397.38 million, a P/E ratio of 31.48 and a beta of 0.74.

CTO Realty Growth Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were given a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 8.78%. The ex-dividend date was Wednesday, March 13th. CTO Realty Growth’s payout ratio is presently 276.37%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on CTO. B. Riley reissued a “buy” rating on shares of CTO Realty Growth in a report on Friday, February 2nd. Jonestrading dropped their price objective on shares of CTO Realty Growth from $21.00 to $19.00 and set a “buy” rating for the company in a research note on Monday. Finally, Alliance Global Partners initiated coverage on shares of CTO Realty Growth in a research report on Monday, April 8th. They set a “buy” rating and a $20.00 target price on the stock. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, CTO Realty Growth currently has an average rating of “Moderate Buy” and an average price target of $19.33.

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.