CTO Realty Growth, Inc. (NYSE:CTO) Shares Purchased by SG Americas Securities LLC

SG Americas Securities LLC raised its stake in CTO Realty Growth, Inc. (NYSE:CTO) by 42.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,202 shares of the company’s stock after buying an additional 3,933 shares during the quarter. SG Americas Securities LLC’s holdings in CTO Realty Growth were worth $260,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Heitman Real Estate Securities LLC lifted 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 worth $18,812,000 after acquiring an additional 205,383 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in CTO Realty Growth by 162.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 161,291 shares of the company’s stock valued at $3,068,000 after purchasing an additional 99,943 shares during the period. Los Angeles Capital Management LLC acquired a new position in CTO Realty Growth during the third quarter worth $1,794,000. Atom Investors LP acquired a new position in CTO Realty Growth during the third quarter worth $1,149,000. Finally, AQR Capital Management LLC boosted its position in shares of CTO Realty Growth by 104.7% during the second quarter. AQR Capital Management LLC now owns 103,805 shares of the company’s stock worth $1,812,000 after buying an additional 53,083 shares during the period. Hedge funds and other institutional investors own 67.18% of the company’s stock.

Insider Transactions at CTO Realty Growth

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

CTO Realty Growth Stock Up 0.2 %

CTO Realty Growth stock opened at $20.27 on Friday. The firm has a market capitalization of $607.75 million, a P/E ratio of 34.36 and a beta of 0.78. The company has a current ratio of 3.96, a quick ratio of 3.96 and a debt-to-equity ratio of 0.88. CTO Realty Growth, Inc. has a twelve month low of $16.16 and a twelve month high of $21.15. The stock’s fifty day simple moving average is $19.78 and its 200-day simple moving average is $19.52.

CTO Realty Growth Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Thursday, December 12th were paid a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 7.50%. The ex-dividend date of this dividend was Thursday, December 12th. CTO Realty Growth’s payout ratio is presently 257.63%.

Wall Street Analysts Forecast Growth

CTO has been the topic of several research analyst reports. Raymond James upgraded CTO Realty Growth from an “outperform” rating to a “strong-buy” rating and boosted their price objective for the company from $22.00 to $24.00 in a report on Wednesday, October 30th. StockNews.com lowered shares of CTO Realty Growth from a “hold” rating to a “sell” rating in a research note on Monday, October 28th.

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.