CTO Realty Growth, Inc. (NYSE:CTO) Shares Purchased by Quest Partners LLC

Quest Partners LLC grew its holdings in shares of CTO Realty Growth, Inc. (NYSE:CTO) by 75.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 16,924 shares of the company’s stock after purchasing an additional 7,276 shares during the period. Quest Partners LLC owned 0.07% of CTO Realty Growth worth $295,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Farmers & Merchants Investments Inc. purchased a new stake in CTO Realty Growth during the second quarter valued at about $26,000. EntryPoint Capital LLC acquired a new position in CTO Realty Growth in the first quarter worth approximately $31,000. CWM LLC increased its holdings in CTO Realty Growth by 17.5% in the second quarter. CWM LLC now owns 4,527 shares of the company’s stock worth $79,000 after buying an additional 673 shares during the last quarter. Jump Financial LLC acquired a new position in CTO Realty Growth in the fourth quarter worth approximately $192,000. Finally, PNC Financial Services Group Inc. increased its holdings in CTO Realty Growth by 19.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 11,963 shares of the company’s stock worth $207,000 after buying an additional 1,925 shares during the last quarter. 67.18% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have commented on the company. Alliance Global Partners upgraded CTO Realty Growth to a “strong-buy” rating in a report on Friday, July 26th. Raymond James lifted their price target on shares of CTO Realty Growth from $20.00 to $22.00 and gave the company an “outperform” rating in a research report on Friday, August 16th. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, CTO Realty Growth currently has an average rating of “Buy” and an average target price of $20.33.

CTO Realty Growth Stock Up 0.8 %

CTO opened at $19.06 on Friday. CTO Realty Growth, Inc. has a fifty-two week low of $15.63 and a fifty-two week high of $21.15. The company has a debt-to-equity ratio of 0.98, a current ratio of 3.42 and a quick ratio of 3.42. The firm’s fifty day moving average price is $19.10 and its two-hundred day moving average price is $17.87. The company has a market capitalization of $440.67 million, a P/E ratio of 34.66 and a beta of 0.76.

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

CTO Realty Growth Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Thursday, September 12th will be paid a dividend of $0.38 per share. The ex-dividend date is Thursday, September 12th. This represents a $1.52 dividend on an annualized basis and a yield of 7.97%. CTO Realty Growth’s dividend payout ratio is currently 276.37%.

Insiders Place Their Bets

In other CTO Realty Growth news, major shareholder Cto Realty Growth, Inc. purchased 6,262 shares of the firm’s stock in a transaction on Friday, July 5th. The shares were purchased at an average price of $15.00 per share, for a total transaction of $93,930.00. Following the completion of the purchase, the insider now directly owns 196,356 shares of the company’s stock, valued at $2,945,340. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, Director Christopher W. Haga sold 3,000 shares of the business’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $19.45, for a total value of $58,350.00. Following the sale, the director now owns 44,988 shares in the company, valued at approximately $875,016.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Cto Realty Growth, Inc. bought 6,262 shares of CTO Realty Growth stock in a transaction dated Friday, July 5th. The stock was purchased at an average price of $15.00 per share, for a total transaction of $93,930.00. Following the purchase, the insider now directly owns 196,356 shares in the company, valued at approximately $2,945,340. The disclosure for this purchase can be found here. Insiders have acquired 20,783 shares of company stock worth $311,441 over the last 90 days. Corporate insiders own 5.00% of the company’s stock.

CTO Realty Growth 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.