CTO Realty Growth, Inc. (NYSE:CTO) Shares Sold by Jane Street Group LLC

Jane Street Group LLC trimmed its position in shares of CTO Realty Growth, Inc. (NYSE:CTO) by 37.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,355 shares of the company’s stock after selling 8,090 shares during the quarter. Jane Street Group LLC’s holdings in CTO Realty Growth were worth $254,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in CTO. Bank of New York Mellon Corp increased its stake in shares of CTO Realty Growth by 6.3% during the second quarter. Bank of New York Mellon Corp now owns 138,472 shares of the company’s stock worth $2,418,000 after acquiring an additional 8,172 shares during the period. Rhumbline Advisers increased its stake in shares of CTO Realty Growth by 1.3% during the second quarter. Rhumbline Advisers now owns 45,665 shares of the company’s stock worth $797,000 after acquiring an additional 606 shares during the period. Quest Partners LLC boosted its holdings in CTO Realty Growth by 75.4% during the second quarter. Quest Partners LLC now owns 16,924 shares of the company’s stock worth $295,000 after buying an additional 7,276 shares in the last quarter. Oppenheimer Asset Management Inc. purchased a new stake in CTO Realty Growth during the second quarter worth about $178,000. Finally, Dimensional Fund Advisors LP boosted its holdings in CTO Realty Growth by 0.4% during the second quarter. Dimensional Fund Advisors LP now owns 299,434 shares of the company’s stock worth $5,228,000 after buying an additional 1,302 shares in the last quarter. 67.18% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO John P. Albright sold 29,488 shares of the company’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $20.71, for a total value of $610,696.48. Following the completion of the transaction, the chief executive officer now directly owns 570,554 shares in the company, valued at approximately $11,816,173.34. This represents a 4.91 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 5.30% of the company’s stock.

CTO Realty Growth Stock Performance

Shares of CTO stock opened at $19.12 on Friday. CTO Realty Growth, Inc. has a one year low of $16.16 and a one year high of $21.15. The company has a debt-to-equity ratio of 0.88, a quick ratio of 3.96 and a current ratio of 3.96. The company has a 50 day moving average price of $19.87 and a 200 day moving average price of $19.29. The firm has a market capitalization of $573.14 million, a price-to-earnings ratio of 32.41 and a beta of 0.78.

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

CTO Realty Growth Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Thursday, December 12th were given a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 7.95%. The ex-dividend date was Thursday, December 12th. CTO Realty Growth’s payout ratio is currently 257.63%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. StockNews.com downgraded shares of CTO Realty Growth from a “hold” rating to a “sell” rating in a report on Monday, October 28th. Raymond James raised shares of CTO Realty Growth from an “outperform” rating to a “strong-buy” rating and boosted their price objective for the stock from $22.00 to $24.00 in a report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, two have assigned a buy rating and two have assigned 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 price target of $21.00.

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.