Barclays PLC Has $1.06 Million Holdings in CTO Realty Growth, Inc. (NYSE:CTO)

Barclays PLC grew its position in CTO Realty Growth, Inc. (NYSE:CTO) by 251.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,911 shares of the company’s stock after acquiring an additional 39,986 shares during the period. Barclays PLC owned about 0.19% of CTO Realty Growth worth $1,063,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Bank of New York Mellon Corp lifted its stake in CTO Realty Growth by 6.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 138,472 shares of the company’s stock valued at $2,418,000 after purchasing an additional 8,172 shares during the last quarter. Rhumbline Advisers boosted its stake in shares of CTO Realty Growth by 1.3% during the 2nd 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. Oppenheimer Asset Management Inc. acquired a new position in shares of CTO Realty Growth during the 2nd quarter worth approximately $178,000. Dimensional Fund Advisors LP raised its stake in CTO Realty Growth by 0.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 299,434 shares of the company’s stock valued at $5,228,000 after acquiring an additional 1,302 shares during the period. Finally, Mutual of America Capital Management LLC boosted its position in CTO Realty Growth by 24.7% during the second quarter. Mutual of America Capital Management LLC now owns 127,294 shares of the company’s stock worth $2,223,000 after purchasing an additional 25,221 shares during the period. 67.18% of the stock is currently owned by institutional investors and hedge funds.

CTO Realty Growth Price Performance

NYSE:CTO opened at $19.44 on Wednesday. CTO Realty Growth, Inc. has a 52 week low of $16.16 and a 52 week 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 firm’s 50-day simple moving average is $19.87 and its 200 day simple moving average is $19.32. The firm has a market cap of $582.81 million, a price-to-earnings ratio of 32.95 and a beta of 0.77.

CTO Realty Growth (NYSE:CTO) last announced its 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). The business had revenue of $31.81 million for the quarter, compared to the consensus estimate of $30.15 million. CTO Realty Growth had a return on equity of 4.04% and a net margin of 17.10%. During the same period in the prior year, the business posted $0.48 earnings per share. As a group, sell-side 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 was paid on Tuesday, December 31st. Stockholders of record on Thursday, December 12th were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Thursday, December 12th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 7.82%. CTO Realty Growth’s payout ratio is 257.63%.

Insider Buying and Selling

In other CTO Realty Growth 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 5.30% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

CTO has been the topic of several research analyst reports. StockNews.com lowered 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 upped their target price for the company from $22.00 to $24.00 in a research report on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, two have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Buy” and an average price target of $21.00.

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.