Sequoia Financial Advisors LLC Acquires Shares of 21,224 CTO Realty Growth, Inc. (NYSE:CTO)

Sequoia Financial Advisors LLC bought a new position in shares of CTO Realty Growth, Inc. (NYSE:CTO) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 21,224 shares of the company’s stock, valued at approximately $404,000. Sequoia Financial Advisors LLC owned approximately 0.09% of CTO Realty Growth as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of CTO. Vanguard Group Inc. increased its position in CTO Realty Growth by 0.5% during the first quarter. Vanguard Group Inc. now owns 1,079,798 shares of the company’s stock worth $18,303,000 after acquiring an additional 5,617 shares during the period. Grace & White Inc. NY increased its holdings in shares of CTO Realty Growth by 0.4% during the second quarter. Grace & White Inc. NY now owns 604,041 shares of the company’s stock worth $10,547,000 after purchasing an additional 2,602 shares during the period. Ingalls & Snyder LLC raised its position in shares of CTO Realty Growth by 223.2% in the second quarter. Ingalls & Snyder LLC now owns 395,870 shares of the company’s stock valued at $6,912,000 after buying an additional 273,400 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in shares of CTO Realty Growth by 11.9% in the first quarter. Russell Investments Group Ltd. now owns 393,252 shares of the company’s stock valued at $6,666,000 after buying an additional 41,938 shares during the period. Finally, LSV Asset Management grew its position in CTO Realty Growth by 18.8% during the second quarter. LSV Asset Management now owns 381,960 shares of the company’s stock worth $6,669,000 after buying an additional 60,480 shares in the last quarter. Institutional investors and hedge funds own 67.18% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on CTO shares. Alliance Global Partners raised CTO Realty Growth to a “strong-buy” rating in a report on Friday, July 26th. Raymond James boosted their price target on CTO Realty Growth from $20.00 to $22.00 and gave the company an “outperform” rating in a research note on Friday, August 16th. 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 stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $20.33.

CTO Realty Growth Stock Down 0.8 %

NYSE CTO opened at $19.56 on Monday. CTO Realty Growth, Inc. has a fifty-two week low of $15.64 and a fifty-two week high of $21.15. The business has a fifty day moving average price of $19.13 and a two-hundred day moving average price of $18.36. The company has a debt-to-equity ratio of 0.98, a current ratio of 3.42 and a quick ratio of 3.42. The stock has a market capitalization of $448.82 million, a PE ratio of 35.56 and a beta of 0.76.

CTO Realty Growth (NYSE:CTO) last released its quarterly earnings data on Thursday, October 24th. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.27). The business had revenue of $31.81 million during the quarter, compared to analyst estimates of $30.15 million. CTO Realty Growth had a net margin of 14.52% and a return on equity of 3.55%. During the same period last year, the business earned $0.48 earnings per share. Equities analysts expect that CTO Realty Growth, Inc. will post 1.78 earnings per share for the current fiscal year.

CTO Realty Growth Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 12th were given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 7.77%. The ex-dividend date was Thursday, September 12th. CTO Realty Growth’s dividend payout ratio is 276.36%.

Insider Activity at CTO Realty Growth

In other news, Director Christopher W. Haga sold 3,000 shares of the company’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $19.45, for a total transaction of $58,350.00. Following the completion of the transaction, the director now directly owns 44,988 shares in the company, valued at approximately $875,016.60. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 5.00% of the stock is owned by insiders.

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.