Insider Buying: CTO Realty Growth, Inc. (NYSE:CTO) Major Shareholder Buys $98,364.38 in Stock

CTO Realty Growth, Inc. (NYSE:CTO) major shareholder Cto Realty Growth, Inc. bought 6,562 shares of the company’s stock in a transaction on Tuesday, July 9th. The stock was bought at an average cost of $14.99 per share, with a total value of $98,364.38. Following the completion of the purchase, the insider now owns 202,918 shares of the company’s stock, valued at approximately $3,041,740.82. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Cto Realty Growth, Inc. also recently made the following trade(s):

• On Friday, July 5th, Cto Realty Growth, Inc. bought 6,262 shares of CTO Realty Growth stock. The stock was bought at an average cost of $15.00 per share, with a total value of $93,930.00.
• On Thursday, June 27th, Cto Realty Growth, Inc. purchased 7,959 shares of CTO Realty Growth stock. The shares were acquired at an average price of $14.97 per share, with a total value of $119,146.23.
• On Thursday, June 13th, Cto Realty Growth, Inc. purchased 830 shares of CTO Realty Growth stock. The shares were acquired at an average price of $14.99 per share, with a total value of $12,441.70.
• On Tuesday, May 28th, Cto Realty Growth, Inc. purchased 191 shares of CTO Realty Growth stock. The shares were acquired at an average price of $15.00 per share, with a total value of $2,865.00.

CTO Realty Growth Stock Performance

NYSE CTO opened at $18.07 on Friday. The company has a current ratio of 4.74, a quick ratio of 4.74 and a debt-to-equity ratio of 1.17. The firm’s fifty day moving average price is $17.51 and its two-hundred day moving average price is $17.11. CTO Realty Growth, Inc. has a 1 year low of $15.63 and a 1 year high of $18.10. The firm has a market capitalization of $414.59 million, a P/E ratio of 32.85 and a beta of 0.76.

CTO Realty Growth Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, June 13th were issued a $0.38 dividend. The ex-dividend date was Thursday, June 13th. This represents a $1.52 annualized dividend and a dividend yield of 8.41%. CTO Realty Growth’s dividend payout ratio is currently 276.37%.

Hedge Funds Weigh In On CTO Realty Growth

Several institutional investors and hedge funds have recently modified their holdings of the stock. CWM LLC grew its stake in shares of CTO Realty Growth by 17.5% in the second quarter. CWM LLC now owns 4,527 shares of the company’s stock valued at $79,000 after acquiring an additional 673 shares in the last quarter. EMC Capital Management grew its stake in shares of CTO Realty Growth by 60.6% in the first quarter. EMC Capital Management now owns 15,312 shares of the company’s stock valued at $260,000 after acquiring an additional 5,780 shares in the last quarter. Kennedy Capital Management LLC grew its stake in shares of CTO Realty Growth by 110.2% in the first quarter. Kennedy Capital Management LLC now owns 241,521 shares of the company’s stock valued at $4,094,000 after acquiring an additional 126,615 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of CTO Realty Growth by 5.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 23,111 shares of the company’s stock valued at $392,000 after acquiring an additional 1,156 shares in the last quarter. Finally, Truvestments Capital LLC grew its stake in shares of CTO Realty Growth by 24.9% in the first quarter. Truvestments Capital LLC now owns 146,897 shares of the company’s stock valued at $2,490,000 after acquiring an additional 29,273 shares in the last quarter. 67.18% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CTO. Jonestrading decreased their price objective on shares of CTO Realty Growth from $21.00 to $19.00 and set a “buy” rating for the company in a report on Monday, May 6th. Alliance Global Partners began coverage on shares of CTO Realty Growth in a report on Monday, April 8th. They set a “buy” rating and a $20.00 price objective for the company. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $19.33.

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.