LDR Capital Management LLC Has $1.35 Million Stock Holdings in CTO Realty Growth, Inc. (NYSE:CTO)

LDR Capital Management LLC lifted its stake in shares of CTO Realty Growth, Inc. (NYSE:CTO) by 237.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 68,412 shares of the company’s stock after acquiring an additional 48,162 shares during the period. CTO Realty Growth makes up about 1.8% of LDR Capital Management LLC’s investment portfolio, making the stock its 24th largest holding. LDR Capital Management LLC owned about 0.23% of CTO Realty Growth worth $1,348,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its position in shares of CTO Realty Growth by 162.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 161,291 shares of the company’s stock worth $3,068,000 after acquiring an additional 99,943 shares in the last quarter. Entropy Technologies LP bought a new stake in shares of CTO Realty Growth during the fourth quarter worth $406,000. Barclays PLC increased its position in shares of CTO Realty Growth by 251.1% during the third quarter. Barclays PLC now owns 55,911 shares of the company’s stock worth $1,063,000 after acquiring an additional 39,986 shares in the last quarter. Sequoia Financial Advisors LLC bought a new stake in shares of CTO Realty Growth during the third quarter worth $404,000. Finally, FMR LLC increased its position in shares of CTO Realty Growth by 461.4% during the third quarter. FMR LLC now owns 13,608 shares of the company’s stock worth $259,000 after acquiring an additional 11,184 shares in the last quarter. Institutional investors own 67.18% of the company’s stock.

Analyst Ratings Changes

CTO has been the subject of several research reports. StockNews.com raised shares of CTO Realty Growth from a “sell” rating to a “hold” rating in a research report on Friday. Raymond James raised shares of CTO Realty Growth from an “outperform” rating to a “strong-buy” rating and raised their target price for the company from $22.00 to $24.00 in a research report on Wednesday, October 30th.

CTO Realty Growth Stock Down 5.8 %

CTO Realty Growth stock opened at $19.04 on Friday. The company has a market cap of $570.59 million, a P/E ratio of 32.26 and a beta of 0.78. CTO Realty Growth, Inc. has a 1-year low of $16.33 and a 1-year high of $21.15. The company has a fifty day simple moving average of $19.74 and a 200 day simple moving average of $19.57. The company has a current ratio of 3.96, a quick ratio of 3.96 and a debt-to-equity ratio of 0.88.

CTO Realty Growth (NYSE:CTO) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.48. CTO Realty Growth had a net margin of 17.10% and a return on equity of 4.04%. The company had revenue of $35.74 million during the quarter, compared to the consensus estimate of $33.39 million. Research analysts anticipate that CTO Realty Growth, Inc. will post 1.81 earnings per share for the current fiscal year.

CTO Realty Growth Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 13th will be given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 7.99%. The ex-dividend date of this dividend is Thursday, March 13th. CTO Realty Growth’s dividend payout ratio (DPR) is presently -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.