State of New Jersey Common Pension Fund D Grows Stock Position in CTO Realty Growth, Inc. (NYSE:CTO)

State of New Jersey Common Pension Fund D grew its position in CTO Realty Growth, Inc. (NYSE:CTO) by 8.6% during the 4th quarter, HoldingsChannel.com reports. The fund owned 190,000 shares of the company’s stock after buying an additional 15,000 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in CTO Realty Growth were worth $3,293,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in CTO. CWM LLC lifted its position in CTO Realty Growth by 695.6% during the third quarter. CWM LLC now owns 3,620 shares of the company’s stock worth $59,000 after buying an additional 3,165 shares in the last quarter. SG Americas Securities LLC purchased a new position in CTO Realty Growth during the third quarter worth approximately $151,000. Commonwealth Equity Services LLC lifted its position in CTO Realty Growth by 3.3% during the third quarter. Commonwealth Equity Services LLC now owns 36,669 shares of the company’s stock worth $594,000 after buying an additional 1,165 shares in the last quarter. Pinnacle Associates Ltd. lifted its position in CTO Realty Growth by 1.4% during the third quarter. Pinnacle Associates Ltd. now owns 53,862 shares of the company’s stock worth $873,000 after buying an additional 725 shares in the last quarter. Finally, Brown Advisory Inc. lifted its position in CTO Realty Growth by 7.3% during the third quarter. Brown Advisory Inc. now owns 366,105 shares of the company’s stock worth $5,935,000 after buying an additional 25,048 shares in the last quarter. Hedge funds and other institutional investors own 67.18% of the company’s stock.

CTO Realty Growth Price Performance

CTO stock opened at $17.14 on Friday. The business has a fifty day moving average of $16.86 and a two-hundred day moving average of $16.78. The company has a quick ratio of 3.77, a current ratio of 3.77 and a debt-to-equity ratio of 1.08. The stock has a market cap of $390.95 million, a price-to-earnings ratio of 571.33 and a beta of 0.77. CTO Realty Growth, Inc. has a 52-week low of $15.63 and a 52-week high of $18.03.

CTO Realty Growth Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were paid a dividend of $0.38 per share. The ex-dividend date was Wednesday, March 13th. This represents a $1.52 annualized dividend and a yield of 8.87%. CTO Realty Growth’s dividend payout ratio (DPR) is 5,066.67%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on CTO. Alliance Global Partners began coverage on CTO Realty Growth in a research report on Monday, April 8th. They set a “buy” rating and a $20.00 price objective on the stock. B. Riley reiterated a “buy” rating on shares of CTO Realty Growth in a research report on Friday, February 2nd. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $20.00.

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.