Los Angeles Capital Management LLC Buys 2,200 Shares of CTO Realty Growth, Inc. (NYSE:CTO)

Los Angeles Capital Management LLC increased its stake in shares of CTO Realty Growth, Inc. (NYSE:CTO) by 2.3% in the fourth quarter, HoldingsChannel reports. The firm owned 96,540 shares of the company’s stock after buying an additional 2,200 shares during the period. Los Angeles Capital Management LLC’s holdings in CTO Realty Growth were worth $1,903,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in CTO. Point72 DIFC Ltd purchased a new stake in shares of CTO Realty Growth in the 3rd quarter valued at $94,000. Values Added Financial LLC acquired a new position in CTO Realty Growth during the third quarter valued at $190,000. Dynamic Technology Lab Private Ltd purchased a new stake in CTO Realty Growth in the third quarter valued at $205,000. Sanctuary Advisors LLC acquired a new stake in CTO Realty Growth during the 3rd quarter worth about $205,000. Finally, Longboard Asset Management LP acquired a new stake in CTO Realty Growth during the 4th quarter worth about $212,000. Institutional investors own 67.18% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered CTO Realty Growth from a “hold” rating to a “sell” rating in a report on Saturday.

CTO Realty Growth Stock Performance

Shares of NYSE CTO opened at $19.05 on Friday. The company has a market capitalization of $606.61 million, a PE ratio of -86.59 and a beta of 0.78. The company has a debt-to-equity ratio of 0.88, a quick ratio of 3.96 and a current ratio of 3.96. The company’s fifty day moving average price is $19.65 and its 200 day moving average price is $19.54. CTO Realty Growth, Inc. has a 1 year low of $16.33 and a 1 year high of $21.15.

CTO Realty Growth (NYSE:CTO) last posted its earnings results on Thursday, February 20th. The company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.48. CTO Realty Growth had a negative net margin of 1.58% and a negative return on equity of 0.38%. The business had revenue of $35.74 million for the quarter, compared to analyst estimates of $33.39 million. On average, research analysts predict that CTO Realty Growth, Inc. will post 1.92 earnings per share for the current year.

CTO Realty Growth Dividend Announcement

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

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.