Fmr LLC Acquires 11,184 Shares of CTO Realty Growth, Inc. (NYSE:CTO)

Fmr LLC lifted its holdings in CTO Realty Growth, Inc. (NYSE:CTO) by 461.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,608 shares of the company’s stock after purchasing an additional 11,184 shares during the quarter. Fmr LLC’s holdings in CTO Realty Growth were worth $259,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Hsbc Holdings PLC lifted its position in CTO Realty Growth by 145.0% during the 2nd quarter. Hsbc Holdings PLC now owns 88,707 shares of the company’s stock worth $1,531,000 after buying an additional 52,500 shares in the last quarter. LDR Capital Management LLC bought a new position in CTO Realty Growth in the second quarter valued at approximately $483,000. Charles Schwab Investment Management Inc. increased its position in shares of CTO Realty Growth by 162.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 161,291 shares of the company’s stock worth $3,068,000 after purchasing an additional 99,943 shares during the last quarter. AXA S.A. acquired a new stake in shares of CTO Realty Growth in the 2nd quarter valued at approximately $900,000. Finally, Sequoia Financial Advisors LLC bought a new position in shares of CTO Realty Growth in the third quarter valued at $404,000. Institutional investors and hedge funds own 67.18% of the company’s stock.

Insider Buying and Selling

In related news, CEO John P. Albright sold 29,488 shares of the company’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $20.71, for a total transaction of $610,696.48. Following the completion of the sale, the chief executive officer now directly owns 570,554 shares in the company, valued at $11,816,173.34. This represents a 4.91 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 5.30% of the stock is owned by company insiders.

CTO Realty Growth Price Performance

Shares of NYSE CTO opened at $19.47 on Friday. The business’s 50 day moving average is $19.85 and its 200-day moving average is $19.07. The firm has a market cap of $583.63 million, a P/E ratio of 33.00 and a beta of 0.77. CTO Realty Growth, Inc. has a 1-year low of $16.16 and a 1-year high of $21.15. The company has a current ratio of 3.96, a quick ratio of 3.96 and a debt-to-equity ratio of 0.88.

CTO Realty Growth (NYSE:CTO) last released its quarterly earnings results on Thursday, October 24th. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.27). CTO Realty Growth had a net margin of 17.10% and a return on equity of 4.04%. The business had revenue of $31.81 million during the quarter, compared to analyst estimates of $30.15 million. During the same quarter last year, the company posted $0.48 earnings per share. Equities research analysts predict that CTO Realty Growth, Inc. will post 1.8 earnings per share for the current year.

CTO Realty Growth Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Thursday, December 12th will be issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 7.81%. The ex-dividend date of this dividend is Thursday, December 12th. CTO Realty Growth’s dividend payout ratio (DPR) is currently 257.63%.

Wall Street Analysts Forecast Growth

CTO has been the subject of a number of analyst reports. StockNews.com downgraded shares of CTO Realty Growth from a “hold” rating to a “sell” rating in a research report on Monday, October 28th. Raymond James raised CTO Realty Growth from an “outperform” rating to a “strong-buy” rating and raised their price objective for the company from $22.00 to $24.00 in a research report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, two have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, CTO Realty Growth currently has a consensus rating of “Buy” and an average target price of $21.00.

About CTO Realty Growth

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.