Deprince Race & Zollo Inc. Has $4.42 Million Stock Position in CTO Realty Growth, Inc. (NYSE:CTO)

Deprince Race & Zollo Inc. raised its holdings in CTO Realty Growth, Inc. (NYSE:CTO) by 23.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 224,404 shares of the company’s stock after buying an additional 43,017 shares during the quarter. Deprince Race & Zollo Inc. owned 0.75% of CTO Realty Growth worth $4,423,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Summit Investment Advisors Inc. lifted its position in shares of CTO Realty Growth by 39.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 3,020 shares of the company’s stock valued at $60,000 after acquiring an additional 852 shares during the period. NewEdge Advisors LLC grew its stake in CTO Realty Growth by 300.0% in the fourth quarter. NewEdge Advisors LLC now owns 4,000 shares of the company’s stock valued at $79,000 after acquiring an additional 3,000 shares during the period. Daiwa Securities Group Inc. increased its holdings in shares of CTO Realty Growth by 32.3% during the fourth quarter. Daiwa Securities Group Inc. now owns 8,666 shares of the company’s stock valued at $171,000 after acquiring an additional 2,118 shares in the last quarter. Cornerstone Investment Partners LLC acquired a new position in shares of CTO Realty Growth during the fourth quarter worth approximately $201,000. Finally, Resona Asset Management Co. Ltd. acquired a new stake in CTO Realty Growth in the 4th quarter valued at $203,000. 67.18% of the stock is currently owned by institutional investors.

CTO Realty Growth Stock Performance

CTO stock opened at $17.69 on Friday. The business has a 50 day moving average of $18.38 and a 200-day moving average of $19.29. The firm has a market cap of $582.52 million, a PE ratio of -80.40 and a beta of 0.76. CTO Realty Growth, Inc. has a 12-month low of $16.12 and a 12-month high of $21.15. The company has a quick ratio of 3.96, a current ratio of 3.96 and a debt-to-equity ratio of 0.88.

CTO Realty Growth (NYSE:CTO) last released its earnings results on Thursday, February 20th. The company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.48. The company had revenue of $35.74 million for the quarter, compared to analysts’ expectations of $33.39 million. CTO Realty Growth had a negative return on equity of 0.38% and a negative net margin of 1.58%. As a group, sell-side analysts expect that CTO Realty Growth, Inc. will post 1.92 earnings per share for the current year.

CTO Realty Growth Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 13th were given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 8.59%. The ex-dividend date was Thursday, March 13th. CTO Realty Growth’s dividend payout ratio is currently -370.73%.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. B. Riley restated a “buy” rating and set a $23.00 price objective (up previously from $22.50) on shares of CTO Realty Growth in a report on Wednesday, March 5th. StockNews.com upgraded shares of CTO Realty Growth from a “sell” rating to a “hold” rating in a research note on Monday.

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.