13,318 Shares in CTO Realty Growth, Inc. (NYSE:CTO) Acquired by Principal Financial Group Inc.

Principal Financial Group Inc. bought a new stake in CTO Realty Growth, Inc. (NYSE:CTO) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 13,318 shares of the company’s stock, valued at approximately $253,000.

Several other hedge funds also recently bought and sold shares of the company. Heitman Real Estate Securities LLC grew its holdings in shares of CTO Realty Growth by 26.2% in the 3rd quarter. Heitman Real Estate Securities LLC now owns 989,073 shares of the company’s stock valued at $18,812,000 after buying an additional 205,383 shares during the period. Ingalls & Snyder LLC grew its stake in CTO Realty Growth by 0.3% in the third quarter. Ingalls & Snyder LLC now owns 397,111 shares of the company’s stock valued at $7,553,000 after acquiring an additional 1,241 shares during the period. LSV Asset Management increased its holdings in shares of CTO Realty Growth by 18.8% in the second quarter. LSV Asset Management now owns 381,960 shares of the company’s stock worth $6,669,000 after acquiring an additional 60,480 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of 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 purchasing an additional 1,302 shares during the period. Finally, Franklin Resources Inc. lifted its holdings in shares of CTO Realty Growth by 9.8% during the 3rd quarter. Franklin Resources Inc. now owns 209,511 shares of the company’s stock valued at $3,972,000 after purchasing an additional 18,743 shares in the last quarter. 67.18% of the stock is currently owned by institutional investors and hedge funds.

CTO Realty Growth Stock Down 1.5 %

NYSE:CTO opened at $19.39 on Tuesday. The company has a market cap of $581.23 million, a PE ratio of 32.86 and a beta of 0.78. The stock has a 50-day simple moving average of $19.88 and a 200 day simple moving average of $19.25. The company has a debt-to-equity ratio of 0.88, a quick ratio of 3.96 and a current ratio of 3.96. CTO Realty Growth, Inc. has a 52-week low of $16.16 and a 52-week high of $21.15.

CTO Realty Growth (NYSE:CTO) last posted its quarterly earnings data 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). CTO Realty Growth had a net margin of 17.10% and a return on equity of 4.04%. The business had revenue of $31.81 million during the quarter, compared to analyst estimates of $30.15 million. During the same quarter last year, the business earned $0.48 earnings per share. On average, sell-side analysts expect that CTO Realty Growth, Inc. will post 1.8 EPS for the current fiscal year.

CTO Realty Growth Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Thursday, December 12th were issued a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 7.84%. The ex-dividend date was Thursday, December 12th. CTO Realty Growth’s payout ratio is 257.63%.

Analysts Set New Price Targets

CTO has been the subject of a number of research reports. Raymond James raised CTO Realty Growth from an “outperform” rating to a “strong-buy” rating and increased their target price for the stock from $22.00 to $24.00 in a research note on Wednesday, October 30th. StockNews.com downgraded shares of CTO Realty Growth from a “hold” rating to a “sell” rating in a research report on Monday, October 28th. One investment analyst has rated the stock with a sell rating, two have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, CTO Realty Growth has a consensus rating of “Buy” and an average price target of $21.00.

Insider Activity at CTO Realty Growth

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 shares were sold at an average price of $20.71, for a total transaction of $610,696.48. Following the sale, the chief executive officer now directly owns 570,554 shares of the company’s stock, valued at approximately $11,816,173.34. This represents a 4.91 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 5.30% of the stock is owned by company insiders.

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.