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

Signaturefd LLC raised its holdings in shares of CTO Realty Growth, Inc. (NYSE:CTO) by 45.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,785 shares of the company’s stock after acquiring an additional 557 shares during the quarter. Signaturefd LLC’s holdings in CTO Realty Growth were worth $34,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. lifted its position in shares of 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 valued at $207,000 after acquiring an additional 1,925 shares in the last quarter. Commonwealth Equity Services LLC grew its holdings in shares of CTO Realty Growth by 4.1% during the first quarter. Commonwealth Equity Services LLC now owns 34,236 shares of the company’s stock worth $580,000 after buying an additional 1,346 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in shares of CTO Realty Growth by 11.9% during the first quarter. Russell Investments Group Ltd. now owns 393,252 shares of the company’s stock worth $6,666,000 after buying an additional 41,938 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of CTO Realty Growth by 0.5% during the first quarter. Vanguard Group Inc. now owns 1,079,798 shares of the company’s stock worth $18,303,000 after buying an additional 5,617 shares in the last quarter. Finally, EntryPoint Capital LLC acquired a new position in shares of CTO Realty Growth in the first quarter valued at approximately $31,000. Institutional investors and hedge funds own 67.18% of the company’s stock.

Insider Buying and Selling

In related news, Director Christopher W. Haga sold 3,000 shares of the stock in a transaction dated 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 of the company’s stock, valued at $875,016.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 5.30% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on CTO shares. StockNews.com lowered shares of CTO Realty Growth from a “hold” rating to a “sell” rating in a research report on Monday. Raymond James upgraded CTO Realty Growth from an “outperform” rating to a “strong-buy” rating and upped their price objective for the stock from $22.00 to $24.00 in a report on Wednesday. Finally, Alliance Global Partners raised CTO Realty Growth to a “strong-buy” rating in a research report on Friday, July 26th. One investment analyst has rated the stock with a sell rating, two have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, CTO Realty Growth has a consensus rating of “Buy” and an average target price of $21.00.

CTO Realty Growth Stock Performance

CTO Realty Growth stock opened at $19.51 on Thursday. CTO Realty Growth, Inc. has a 52 week low of $15.78 and a 52 week high of $21.15. The company has a current ratio of 3.42, a quick ratio of 3.42 and a debt-to-equity ratio of 0.98. The stock has a market cap of $451.07 million, a P/E ratio of 33.07 and a beta of 0.76. The stock has a 50 day moving average of $19.14 and a 200-day moving average of $18.39.

CTO Realty Growth (NYSE:CTO) last announced its quarterly earnings data on Thursday, October 24th. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.27). CTO Realty Growth had a net margin of 14.52% and a return on equity of 3.55%. The firm had revenue of $31.81 million during the quarter, compared to the consensus estimate of $30.15 million. During the same period in the prior year, the firm earned $0.48 earnings per share. On average, analysts expect that CTO Realty Growth, Inc. will post 1.78 EPS for the current fiscal year.

CTO Realty Growth Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 12th were issued a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 7.79%. The ex-dividend date was Thursday, September 12th. CTO Realty Growth’s dividend payout ratio (DPR) is 257.63%.

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.