Sei Investments Co. lifted its position in shares of CTO Realty Growth, Inc. (NYSE:CTO – Free Report) by 68.5% in the first quarter, Holdings Channel reports. The institutional investor owned 65,025 shares of the company’s stock after acquiring an additional 26,427 shares during the quarter. Sei Investments Co.’s holdings in CTO Realty Growth were worth $1,202,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in the business. Clearstead Advisors LLC grew its position in CTO Realty Growth by 231.9% in the fourth quarter. Clearstead Advisors LLC now owns 1,789 shares of the company’s stock worth $33,000 after acquiring an additional 1,250 shares during the period. CIBC Private Wealth Group LLC purchased a new stake in CTO Realty Growth in the third quarter valued at $37,000. Signaturefd LLC lifted its stake in shares of CTO Realty Growth by 200.1% in the 4th quarter. Signaturefd LLC now owns 2,398 shares of the company’s stock valued at $44,000 after purchasing an additional 1,599 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of CTO Realty Growth by 51.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,654 shares of the company’s stock worth $63,000 after purchasing an additional 1,245 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in shares of CTO Realty Growth during the 4th quarter worth about $112,000. 67.18% of the stock is currently owned by institutional investors and hedge funds.
CTO Realty Growth Price Performance
CTO Realty Growth stock opened at $21.60 on Wednesday. The company has a quick ratio of 8.69, a current ratio of 8.69 and a debt-to-equity ratio of 0.99. CTO Realty Growth, Inc. has a 52-week low of $15.06 and a 52-week high of $22.71. The firm has a market cap of $809.71 million, a PE ratio of 15.88 and a beta of 0.60. The company’s 50 day moving average is $21.42 and its two-hundred day moving average is $20.05.
CTO Realty Growth Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 11th were issued a dividend of $0.38 per share. The ex-dividend date was Thursday, June 11th. This represents a $1.52 annualized dividend and a yield of 7.0%. CTO Realty Growth’s dividend payout ratio is 111.76%.
Analyst Upgrades and Downgrades
CTO has been the topic of a number of recent analyst reports. Zacks Research raised shares of CTO Realty Growth from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 30th. Huntington assumed coverage on shares of CTO Realty Growth in a report on Tuesday. They issued an “outperform” rating and a $24.00 price objective on the stock. Weiss Ratings upgraded shares of CTO Realty Growth from a “hold (c+)” rating to a “buy (b)” rating in a report on Friday. Alliance Global Partners restated a “buy” rating on shares of CTO Realty Growth in a research note on Wednesday, July 29th. Finally, JonesTrading raised their price target on CTO Realty Growth from $23.00 to $24.00 and gave the stock a “buy” rating in a research report on Wednesday, July 29th. Two research analysts have rated the stock with a Strong Buy rating and five have issued a Buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $24.50.
View Our Latest Stock Analysis on CTO Realty Growth
CTO Realty Growth Company Profile
CTO Realty Growth, Inc is a publicly traded real estate investment trust (REIT) that specializes in single-tenant net lease properties. The company’s primary focus is on acquiring, owning and managing retail assets leased to creditworthy operators under long-term, triple-net lease agreements. By targeting essential retail segments, CTO Realty Growth seeks to generate stable, inflation-protected income streams while maintaining a disciplined investment approach.
The REIT’s portfolio is concentrated in convenience store and fuel service locations, with additional assets in other retail categories where net lease structures prevail.
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