Daiwa Securities Group Inc. lifted its stake in shares of CTO Realty Growth, Inc. by 42.0 per cent during the fourth quarter, Holdings Channel.com reports. The firm owned 1,733 shares of the financial services provider’s stock after acquiring an additional 513 shares during the period. Daiwa Securities Group Inc.’s holdings in CTO Realty Growth were worth US$106,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently modified their holdings of CTO. Morgan Stanley lifted its holdings in shares of CTO Realty Growth by 36.6 per cent in the 2nd quarter. Morgan Stanley now owns 29,678 shares of the financial services provider’s stock worth US$1,588,000 after purchasing an additional 7,958 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of CTO Realty Growth by 5.6 per cent during the second quarter. Wells Fargo & Company MN now owns 41,805 shares of the financial services provider’s stock worth US$2,237,000 after acquiring an additional 2,226 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of CTO Realty Growth in the 3rd quarter worth about US$190,000. Raymond James & Associates lifted its position in CTO Realty Growth by 13.3 per cent in the 3rd quarter. Raymond James & Associates now owns 8,322 shares of the financial services provider’s stock valued at US$447,000 after acquiring an additional 975 shares in the last quarter. Finally, LSV Asset Management acquired a new position in CTO Realty Growth during the 3rd quarter valued at about US$1,774,000. Institutional investors own 59.42 per cent of the company’s stock.
CTO opened at US$63.65 on Friday. CTO Realty Growth, Inc. has a 1 year low of US$49.48 and a 1 year high of US$67.38. The company has a debt-to-equity ratio of 0.53, a current ratio of 8.11 and a quick ratio of 8.11. The firm has a market capitalization of US$379.93 million, a PE ratio of 13.57 and a beta of 0.82.
CTO Realty Growth last posted its quarterly earnings results on Thursday, February 24th. The financial services provider reported US$0.13 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of US$1.04 by (US$0.91). CTO Realty Growth had a net margin of 42.61 per cent and a return on equity of 7.92 per cent. During the same quarter in the prior year, the business posted US$18.06 EPS. Analysts forecast that CTO Realty Growth, Inc. will post 4.64 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 31st. Stockholders of record on Thursday, March 10th were paid a US$1.08 dividend. This is an increase from CTO Realty Growth’s previous quarterly dividend of US$1.00. The ex-dividend date was Wednesday, March 9th. This represents a US$4.32 annualized dividend and a dividend yield of 6.79 per cent. CTO Realty Growth’s dividend payout ratio (DPR) is presently 92.11 per cent.
CTO has been the topic of a number of recent research reports. Zacks Investment Research lowered CTO Realty Growth from a “buy” rating to a “hold” rating in a report on Wednesday, March 2nd. B. Riley raised their price objective on CTO Realty Growth from US$65.00 to US$70.00 in a research note on Tuesday, March 1st. Jonestrading upped their target price on shares of CTO Realty Growth from US$70.00 to US$75.00 and gave the stock a “buy” rating in a research note on Monday, February 28th. Finally, BTIG Research upped their target price on shares of CTO Realty Growth from US$67.00 to US$72.00 and gave the stock a “buy” rating in a research note on Tuesday, March 8th. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of US$71.50.
In other news, major shareholder Cto Realty Growth, Inc. acquired 7,400 shares of CTO Realty Growth stock in a transaction that occurred on Monday, April 11th. The stock was bought at an average price of US$18.35 per share, with a total value of US$135,790.00. Following the completion of the purchase, the insider now owns 836,043 shares in the company, valued at US$15,341,389.05. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 5.60 per cent of the stock is owned by company insiders.
CTO Realty Growth Company Profile (Get Rating)
CTO Realty Growth, Inc is a Florida-based publicly traded real estate company, which owns income properties comprised of approximately 2.4 million square feet in diversified markets in the United States and an approximately 23.5 per cent interest in Alpine Income Property Trust, Inc, a publicly traded net lease real estate investment trust.
