Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in CTO Realty Growth, Inc. (NYSE:CTO – Free Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 26,487 shares of the company’s stock, valued at approximately $570,000. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.07% of CTO Realty Growth at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of CTO Realty Growth by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 3,166,067 shares of the company’s stock valued at $58,287,000 after purchasing an additional 26,760 shares in the last quarter. Geode Capital Management LLC increased its position in shares of CTO Realty Growth by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 814,270 shares of the company’s stock worth $14,994,000 after purchasing an additional 13,592 shares in the last quarter. Invesco Ltd. lifted its holdings in CTO Realty Growth by 27.1% during the 3rd quarter. Invesco Ltd. now owns 664,295 shares of the company’s stock valued at $10,828,000 after purchasing an additional 141,574 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in CTO Realty Growth by 6.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 443,746 shares of the company’s stock valued at $8,205,000 after purchasing an additional 24,989 shares during the last quarter. Finally, Miller Value Partners LLC boosted its position in CTO Realty Growth by 1.2% in the fourth quarter. Miller Value Partners LLC now owns 434,145 shares of the company’s stock valued at $7,993,000 after buying an additional 5,000 shares in the last quarter. 67.18% of the stock is currently owned by institutional investors and hedge funds.
CTO Realty Growth Stock Down 0.5%
Shares of NYSE CTO opened at $21.87 on Friday. The firm’s 50-day simple moving average is $21.63 and its 200 day simple moving average is $20.27. The company has a market cap of $819.91 million, a price-to-earnings ratio of 16.08 and a beta of 0.60. The company has a quick ratio of 8.69, a current ratio of 8.69 and a debt-to-equity ratio of 0.99. CTO Realty Growth, Inc. has a 12-month low of $15.06 and a 12-month high of $22.71.
CTO Realty Growth Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Thursday, September 10th will be issued a $0.38 dividend. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 7.0%. CTO Realty Growth’s dividend payout ratio (DPR) is currently 111.76%.
Analyst Upgrades and Downgrades
CTO has been the topic of several research analyst reports. Cantor Fitzgerald upped their price objective on shares of CTO Realty Growth from $23.00 to $25.00 and gave the stock an “overweight” rating in a research note on Monday, August 3rd. Huntington started coverage on shares of CTO Realty Growth in a research note on Tuesday, August 11th. They issued an “outperform” rating and a $24.00 target price for the company. Alliance Global Partners reiterated a “buy” rating on shares of CTO Realty Growth in a research note on Wednesday, July 29th. Raymond James Financial reissued a “strong-buy” rating and issued a $25.00 target price on shares of CTO Realty Growth in a report on Monday, June 29th. Finally, Zacks Research upgraded CTO Realty Growth from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 30th. Two investment analysts have rated the stock with a Strong Buy rating and five have assigned a Buy rating to the stock. According to data from MarketBeat.com, CTO Realty Growth has an average rating of “Buy” and a consensus target price of $24.50.
Get Our Latest Report on CTO Realty Growth
CTO Realty Growth Company Profile
CTO Realty Growth, Inc is a publicly traded real estate investment trust (REIT) that specializes in single-tenant net lease properties. The company’s primary focus is on acquiring, owning and managing retail assets leased to creditworthy operators under long-term, triple-net lease agreements. By targeting essential retail segments, CTO Realty Growth seeks to generate stable, inflation-protected income streams while maintaining a disciplined investment approach.
The REIT’s portfolio is concentrated in convenience store and fuel service locations, with additional assets in other retail categories where net lease structures prevail.
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