Rhumbline Advisers Has $797,000 Position in CTO Realty Growth, Inc. (NYSE:CTO)

Rhumbline Advisers increased its stake in shares of CTO Realty Growth, Inc. (NYSE:CTO) by 1.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 45,665 shares of the company’s stock after purchasing an additional 606 shares during the quarter. Rhumbline Advisers owned approximately 0.20% of CTO Realty Growth worth $797,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in CTO. EntryPoint Capital LLC acquired a new stake in shares of CTO Realty Growth during the first quarter worth approximately $31,000. CWM LLC boosted its holdings in shares of CTO Realty Growth by 17.5% during the second quarter. CWM LLC now owns 4,527 shares of the company’s stock worth $79,000 after purchasing an additional 673 shares during the period. Jump Financial LLC acquired a new stake in shares of CTO Realty Growth during the fourth quarter worth approximately $192,000. PNC Financial Services Group Inc. boosted its holdings in shares of CTO Realty Growth by 19.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 11,963 shares of the company’s stock worth $207,000 after purchasing an additional 1,925 shares during the period. Finally, EMC Capital Management boosted its holdings in shares of CTO Realty Growth by 60.6% during the first quarter. EMC Capital Management now owns 15,312 shares of the company’s stock worth $260,000 after purchasing an additional 5,780 shares during the period. 67.18% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at CTO Realty Growth

In other news, Director Christopher W. Haga sold 3,000 shares of the firm’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $19.19, for a total value of $57,570.00. Following the sale, the director now owns 44,988 shares in the company, valued at $863,319.72. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, major shareholder Cto Realty Growth, Inc. acquired 6,262 shares of the stock in a transaction dated Friday, July 5th. The shares were acquired at an average price of $15.00 per share, for a total transaction of $93,930.00. Following the completion of the purchase, the insider now owns 196,356 shares in the company, valued at approximately $2,945,340. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Christopher W. Haga sold 3,000 shares of the firm’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $19.19, for a total transaction of $57,570.00. Following the completion of the sale, the director now owns 44,988 shares in the company, valued at approximately $863,319.72. The disclosure for this sale can be found here. Over the last quarter, insiders have purchased 20,783 shares of company stock worth $311,441. Insiders own 5.00% of the company’s stock.

CTO Realty Growth Trading Down 1.1 %

NYSE:CTO opened at $18.95 on Tuesday. CTO Realty Growth, Inc. has a 12 month low of $15.63 and a 12 month high of $21.15. The firm has a market cap of $434.83 million, a price-to-earnings ratio of 34.45 and a beta of 0.76. The company has a quick ratio of 3.42, a current ratio of 3.42 and a debt-to-equity ratio of 0.98. The company’s 50 day moving average is $19.27 and its 200-day moving average is $17.97.

CTO Realty Growth (NYSE:CTO) last released its quarterly earnings results on Thursday, July 25th. The company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.42). CTO Realty Growth had a net margin of 14.52% and a return on equity of 3.55%. The firm had revenue of $28.85 million during the quarter, compared to the consensus estimate of $27.46 million. During the same period in the prior year, the business earned $0.48 EPS. Equities analysts anticipate that CTO Realty Growth, Inc. will post 1.77 EPS for the current year.

CTO Realty Growth Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Thursday, September 12th will be given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 8.02%. The ex-dividend date of this dividend is Thursday, September 12th. CTO Realty Growth’s dividend payout ratio is 276.36%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on CTO shares. Raymond James raised their price objective on shares of CTO Realty Growth from $20.00 to $22.00 and gave the company an “outperform” rating in a research report on Friday, August 16th. Alliance Global Partners raised shares of CTO Realty Growth to a “strong-buy” rating in a research report on Friday, July 26th. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $20.33.

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.