Sage Investment Counsel LLC Buys New Stake in CTO Realty Growth, Inc. (NYSE:CTO)

Sage Investment Counsel LLC bought a new stake in CTO Realty Growth, Inc. (NYSE:CTO) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 16,005 shares of the company’s stock, valued at approximately $315,000. Sage Investment Counsel LLC owned 0.05% of CTO Realty Growth at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Proficio Capital Partners LLC acquired a new stake in CTO Realty Growth in the 4th quarter valued at approximately $240,000. Los Angeles Capital Management LLC increased its position in CTO Realty Growth by 2.3% in the 4th quarter. Los Angeles Capital Management LLC now owns 96,540 shares of the company’s stock valued at $1,903,000 after acquiring an additional 2,200 shares during the period. Bank of New York Mellon Corp increased its position in CTO Realty Growth by 15.1% in the 4th quarter. Bank of New York Mellon Corp now owns 153,338 shares of the company’s stock valued at $3,022,000 after acquiring an additional 20,064 shares during the period. Leeward Investments LLC MA acquired a new stake in CTO Realty Growth in the 4th quarter valued at approximately $1,706,000. Finally, LDR Capital Management LLC increased its position in CTO Realty Growth by 237.8% in the 4th quarter. LDR Capital Management LLC now owns 68,412 shares of the company’s stock valued at $1,348,000 after acquiring an additional 48,162 shares during the period. 67.18% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

CTO Realty Growth Stock Up 1.9 %

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

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, 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 company had revenue of $35.74 million for the quarter, compared to analysts’ expectations of $33.39 million. Equities analysts expect that CTO Realty Growth, Inc. will post 1.92 earnings per share for the current fiscal year.

CTO Realty Growth Announces Dividend

The business also recently disclosed 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 dividend payout ratio is presently -690.91%.

CTO Realty Growth 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.