Charles Schwab Investment Management Inc. Grows Stock Holdings in CTO Realty Growth, Inc. (NYSE:CTO)

Charles Schwab Investment Management Inc. raised its position in shares of CTO Realty Growth, Inc. (NYSE:CTO) by 143.1% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 392,102 shares of the company’s stock after buying an additional 230,811 shares during the period. Charles Schwab Investment Management Inc.’s holdings in CTO Realty Growth were worth $7,728,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Entropy Technologies LP purchased a new position in shares of CTO Realty Growth during the fourth quarter worth $406,000. Barclays PLC boosted its position in shares of CTO Realty Growth by 251.1% during the third quarter. Barclays PLC now owns 55,911 shares of the company’s stock worth $1,063,000 after buying an additional 39,986 shares during the period. Principal Financial Group Inc. boosted its position in shares of CTO Realty Growth by 13.7% during the fourth quarter. Principal Financial Group Inc. now owns 15,139 shares of the company’s stock worth $298,000 after buying an additional 1,821 shares during the period. FMR LLC boosted its position in shares of CTO Realty Growth by 461.4% during the third quarter. FMR LLC now owns 13,608 shares of the company’s stock worth $259,000 after buying an additional 11,184 shares during the period. Finally, Atom Investors LP purchased a new position in shares of CTO Realty Growth during the third quarter worth $1,149,000. 67.18% of the stock is currently owned by hedge funds and other institutional investors.

CTO Realty Growth Stock Down 0.0 %

Shares of NYSE CTO opened at $18.94 on Monday. The stock has a market cap of $603.07 million, a P/E ratio of -86.09 and a beta of 0.77. The company has a current ratio of 3.96, a quick ratio of 3.96 and a debt-to-equity ratio of 0.88. CTO Realty Growth, Inc. has a 12-month low of $16.51 and a 12-month high of $21.15. The business’s fifty day simple moving average is $19.46 and its 200-day simple moving average is $19.53.

CTO Realty Growth (NYSE:CTO) last announced its quarterly earnings data 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. CTO Realty Growth had a negative return on equity of 0.38% and a negative net margin of 1.58%. The business had revenue of $35.74 million for the quarter, compared to analysts’ expectations of $33.39 million. As a group, equities analysts predict that CTO Realty Growth, Inc. will post 1.92 EPS for the current fiscal year.

CTO Realty Growth Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 13th will be paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 8.03%. The ex-dividend date of this dividend is Thursday, March 13th. CTO Realty Growth’s dividend payout ratio is presently -690.91%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. StockNews.com lowered CTO Realty Growth from a “hold” rating to a “sell” rating in a research report on Saturday, March 1st. B. Riley reiterated a “buy” rating and issued a $23.00 price objective (up from $22.50) on shares of CTO Realty Growth in a research note on Wednesday, March 5th. One research analyst has rated the stock with a sell rating, two have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $21.50.

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.