JPMorgan Chase & Co. Purchases 2,500 Shares of CTO Realty Growth, Inc. (NYSE:CTO)

JPMorgan Chase & Co. boosted its position in CTO Realty Growth, Inc. (NYSE:CTO) by 4.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 63,683 shares of the company’s stock after purchasing an additional 2,500 shares during the period. JPMorgan Chase & Co. owned approximately 0.21% of CTO Realty Growth worth $1,211,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in CTO. Truvestments Capital LLC raised its stake in shares of CTO Realty Growth by 0.4% during the third quarter. Truvestments Capital LLC now owns 155,734 shares of the company’s stock valued at $2,962,000 after acquiring an additional 551 shares in the last quarter. Signaturefd LLC grew its position in shares of CTO Realty Growth by 45.4% during the 3rd quarter. Signaturefd LLC now owns 1,785 shares of the company’s stock worth $34,000 after buying an additional 557 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of CTO Realty Growth by 4.5% during the third quarter. The Manufacturers Life Insurance Company now owns 21,297 shares of the company’s stock valued at $405,000 after buying an additional 915 shares during the period. Ingalls & Snyder LLC increased its stake in shares of CTO Realty Growth by 0.3% during the third quarter. Ingalls & Snyder LLC now owns 397,111 shares of the company’s stock valued at $7,553,000 after buying an additional 1,241 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in shares of CTO Realty Growth by 0.4% in the second 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 in the last quarter. Institutional investors own 67.18% of the company’s stock.

CTO Realty Growth Price Performance

Shares of NYSE CTO opened at $19.42 on Friday. The company has a debt-to-equity ratio of 0.88, a current ratio of 3.96 and a quick ratio of 3.96. The stock has a market capitalization of $582.06 million, a price-to-earnings ratio of 32.91 and a beta of 0.78. The firm’s 50 day simple moving average is $19.79 and its 200-day simple moving average is $19.43. CTO Realty Growth, Inc. has a 12 month low of $16.16 and a 12 month high of $21.15.

CTO Realty Growth (NYSE:CTO) last announced its earnings results on Thursday, October 24th. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.27). The business had revenue of $31.81 million for the quarter, compared to analysts’ expectations of $30.15 million. CTO Realty Growth had a net margin of 17.10% and a return on equity of 4.04%. During the same quarter last year, the business earned $0.48 EPS. Analysts expect that CTO Realty Growth, Inc. will post 1.81 EPS for the current year.

CTO Realty Growth Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Thursday, December 12th were issued a dividend of $0.38 per share. The ex-dividend date was Thursday, December 12th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 7.83%. CTO Realty Growth’s payout ratio is currently 257.63%.

Analyst Ratings Changes

CTO has been the topic of a number of research 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 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 research note on Wednesday, October 30th. One 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.com, CTO Realty Growth currently has an average rating of “Buy” and an average price target of $21.00.

Insider Buying and Selling at CTO Realty Growth

In other CTO Realty Growth news, CEO John P. Albright sold 29,488 shares of the stock in a transaction dated 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 sale, the chief executive officer now owns 570,554 shares in the company, valued at approximately $11,816,173.34. This represents a 4.91 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 5.30% of the company’s stock.

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.