Prevail Innovative Wealth Advisors LLC Has $4.01 Million Stock Position in CTO Realty Growth, Inc. (NYSE:CTO)

Prevail Innovative Wealth Advisors LLC raised its position in shares of CTO Realty Growth, Inc. (NYSE:CTO) by 130.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 203,541 shares of the company’s stock after purchasing an additional 115,146 shares during the quarter. CTO Realty Growth accounts for approximately 1.2% of Prevail Innovative Wealth Advisors LLC’s portfolio, making the stock its 24th biggest holding. Prevail Innovative Wealth Advisors LLC’s holdings in CTO Realty Growth were worth $4,012,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Point72 DIFC Ltd acquired a new stake in CTO Realty Growth during the third quarter worth approximately $94,000. Daiwa Securities Group Inc. grew its position in shares of CTO Realty Growth by 32.3% during the 4th quarter. Daiwa Securities Group Inc. now owns 8,666 shares of the company’s stock worth $171,000 after buying an additional 2,118 shares during the period. Cornerstone Investment Partners LLC bought a new stake in shares of CTO Realty Growth in the 4th quarter valued at $201,000. Sanctuary Advisors LLC acquired a new position in shares of CTO Realty Growth during the 3rd quarter valued at $205,000. Finally, Longboard Asset Management LP bought a new position in CTO Realty Growth during the fourth quarter worth $212,000. Institutional investors and hedge funds own 67.18% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on CTO. B. Riley reaffirmed a “buy” rating and issued a $23.00 price target (up from $22.50) on shares of CTO Realty Growth in a research note on Wednesday, March 5th. StockNews.com downgraded CTO Realty Growth from a “hold” rating to a “sell” rating in a research note on Saturday, March 1st. One analyst has rated the stock with a sell rating, two have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $21.50.

CTO Realty Growth Trading Up 0.6 %

CTO opened at $19.31 on Friday. CTO Realty Growth, Inc. has a fifty-two week low of $16.51 and a fifty-two week high of $21.15. The firm has a market capitalization of $614.89 million, a PE ratio of -87.77 and a beta of 0.77. The company has a debt-to-equity ratio of 0.88, a current ratio of 3.96 and a quick ratio of 3.96. The company’s 50-day moving average is $19.42 and its 200 day moving average is $19.51.

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

CTO Realty Growth Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 13th will be issued a dividend of $0.38 per share. The ex-dividend date is Thursday, March 13th. This represents a $1.52 dividend on an annualized basis and a yield of 7.87%. CTO Realty Growth’s dividend payout ratio (DPR) is currently -690.91%.

CTO Realty Growth Company 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.