CTO Realty Growth, Inc. (NYSE:CTO) Director Sells $58,350.00 in Stock

CTO Realty Growth, Inc. (NYSE:CTO) Director Christopher W. Haga sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $19.45, for a total value of $58,350.00. Following the transaction, the director now owns 44,988 shares in the company, valued at approximately $875,016.60. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

CTO Realty Growth Stock Performance

CTO Realty Growth stock opened at $18.87 on Thursday. The stock’s 50 day moving average is $19.04 and its 200 day moving average is $17.85. The company has a market capitalization of $432.99 million, a P/E ratio of 34.31 and a beta of 0.76. CTO Realty Growth, Inc. has a twelve month low of $15.63 and a twelve month high of $21.15. The company has a quick ratio of 3.42, a current ratio of 3.42 and a debt-to-equity ratio of 0.98.

CTO Realty Growth (NYSE:CTO) last issued its quarterly earnings results on Thursday, July 25th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.42). The company had revenue of $28.85 million for the quarter, compared to the consensus estimate of $27.46 million. CTO Realty Growth had a net margin of 14.52% and a return on equity of 3.55%. During the same quarter in the previous year, the business earned $0.48 earnings per share. On average, equities research analysts predict that CTO Realty Growth, Inc. will post 1.77 earnings per share for the current fiscal year.

CTO Realty Growth Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Thursday, September 12th will be issued a $0.38 dividend. The ex-dividend date is Thursday, September 12th. This represents a $1.52 annualized dividend and a yield of 8.06%. CTO Realty Growth’s dividend payout ratio (DPR) is presently 276.36%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on CTO. Alliance Global Partners upgraded CTO Realty Growth to a “strong-buy” rating in a research report on Friday, July 26th. Raymond James boosted their target price on shares of CTO Realty Growth from $20.00 to $22.00 and gave the company an “outperform” rating in a report on Friday, August 16th. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $20.33.

Institutional Investors Weigh In On CTO Realty Growth

Institutional investors have recently made changes to their positions in the company. Jump Financial LLC bought a new position in CTO Realty Growth in the 4th quarter valued at approximately $192,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of CTO Realty Growth by 25.7% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 12,449 shares of the company’s stock valued at $213,000 after buying an additional 2,543 shares during the last quarter. Worth Venture Partners LLC increased its holdings in CTO Realty Growth by 5.6% in the 4th quarter. Worth Venture Partners LLC now owns 28,302 shares of the company’s stock worth $490,000 after buying an additional 1,500 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its position in CTO Realty Growth by 3.7% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 22,200 shares of the company’s stock worth $385,000 after buying an additional 800 shares during the last quarter. Finally, Cutler Capital Management LLC lifted its stake in CTO Realty Growth by 18.5% during the 4th quarter. Cutler Capital Management LLC now owns 136,772 shares of the company’s stock valued at $2,370,000 after acquiring an additional 21,317 shares during the period. Hedge funds and other institutional investors own 67.18% of the company’s stock.

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.