Charles Schwab Investment Management Inc. Has $3.07 Million Stock Holdings in CTO Realty Growth, Inc. (NYSE:CTO)

Charles Schwab Investment Management Inc. boosted its position in shares of CTO Realty Growth, Inc. (NYSE:CTO) by 162.9% during the 3rd quarter, HoldingsChannel reports. The firm owned 161,291 shares of the company’s stock after buying an additional 99,943 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in CTO Realty Growth were worth $3,068,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Farmers & Merchants Investments Inc. acquired a new position in CTO Realty Growth during the second quarter valued at $26,000. Signaturefd LLC lifted its position in shares of CTO Realty Growth by 45.4% in the third quarter. Signaturefd LLC now owns 1,785 shares of the company’s stock worth $34,000 after purchasing an additional 557 shares in the last quarter. Copeland Capital Management LLC acquired a new stake in shares of CTO Realty Growth during the third quarter worth approximately $49,000. CWM LLC grew its position in CTO Realty Growth by 17.5% during the second quarter. CWM LLC now owns 4,527 shares of the company’s stock valued at $79,000 after purchasing an additional 673 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in CTO Realty Growth in the 3rd quarter valued at approximately $176,000. 67.18% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CTO has been the topic of several research analyst reports. Raymond James upgraded shares of CTO Realty Growth from an “outperform” rating to a “strong-buy” rating and boosted their price target for the company from $22.00 to $24.00 in a report on Wednesday, October 30th. StockNews.com lowered CTO Realty Growth from a “hold” rating to a “sell” rating in a research report on Monday, October 28th. One equities research analyst has rated the stock with a sell rating, two have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $21.00.

CTO Realty Growth Stock Up 0.0 %

CTO Realty Growth stock opened at $20.14 on Friday. 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 company has a market capitalization of $603.72 million, a P/E ratio of 34.14 and a beta of 0.77. CTO Realty Growth, Inc. has a 1-year low of $16.16 and a 1-year high of $21.15. The firm’s fifty day simple moving average is $19.74 and its 200-day simple moving average is $19.02.

CTO Realty Growth (NYSE:CTO) last released its quarterly earnings results on Thursday, October 24th. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.27). CTO Realty Growth had a return on equity of 4.04% and a net margin of 17.10%. The company had revenue of $31.81 million for the quarter, compared to the consensus estimate of $30.15 million. During the same quarter last year, the company posted $0.48 EPS. Sell-side analysts forecast that CTO Realty Growth, Inc. will post 1.8 earnings per share for the current fiscal year.

CTO Realty Growth Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Thursday, December 12th will be given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 7.55%. The ex-dividend date is Thursday, December 12th. CTO Realty Growth’s dividend payout ratio is 257.63%.

Insider Transactions at CTO Realty Growth

In other news, CEO John P. Albright sold 29,488 shares of CTO Realty Growth stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $20.71, for a total value of $610,696.48. Following the transaction, the chief executive officer now directly owns 570,554 shares in the company, valued at approximately $11,816,173.34. The trade was a 4.91 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 5.30% of the stock is owned by corporate insiders.

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.