Proficio Capital Partners LLC Acquires Shares of 12,181 CTO Realty Growth, Inc. (NYSE:CTO)

Proficio Capital Partners LLC purchased a new position in CTO Realty Growth, Inc. (NYSE:CTO) during the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 12,181 shares of the company’s stock, valued at approximately $240,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. raised its position in CTO Realty Growth by 143.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 392,102 shares of the company’s stock worth $7,728,000 after acquiring an additional 230,811 shares in the last quarter. Heitman Real Estate Securities LLC raised its stake in shares of CTO Realty Growth by 26.2% during the third quarter. Heitman Real Estate Securities LLC now owns 989,073 shares of the company’s stock valued at $18,812,000 after acquiring an additional 205,383 shares during the last quarter. Leeward Investments LLC MA acquired a new position in shares of CTO Realty Growth in the fourth quarter worth approximately $1,706,000. Atom Investors LP bought a new position in shares of CTO Realty Growth in the 3rd quarter worth about $1,149,000. Finally, State of New Jersey Common Pension Fund D increased its stake in CTO Realty Growth by 37.0% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 200,068 shares of the company’s stock valued at $3,943,000 after purchasing an additional 54,000 shares in the last quarter. Institutional investors and hedge funds own 67.18% of the company’s stock.

CTO Realty Growth Stock Performance

CTO stock opened at $19.04 on Thursday. CTO Realty Growth, Inc. has a 1 year low of $16.51 and a 1 year high of $21.15. The company has a market cap of $606.29 million, a P/E ratio of -86.55 and a beta of 0.77. The company has a debt-to-equity ratio of 0.88, a current ratio of 3.96 and a quick ratio of 3.96. The stock’s fifty day moving average price is $19.44 and its 200-day moving average price is $19.52.

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, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $33.39 million. On average, equities analysts forecast that CTO Realty Growth, Inc. will post 1.92 earnings per share for the current year.

CTO Realty Growth Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 13th will be issued a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $1.52 annualized dividend and a yield of 7.98%. CTO Realty Growth’s payout ratio is presently -690.91%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. B. Riley restated a “buy” rating and issued a $23.00 target price (up previously from $22.50) on shares of CTO Realty Growth in a research note on Wednesday, March 5th. StockNews.com lowered CTO Realty Growth from a “hold” rating to a “sell” rating in a research report on Saturday, March 1st. One research analyst has rated the stock with a sell rating, two have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $21.50.

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.