CTO Realty Growth, Inc. (NYSE:CTO) Shares Acquired by Truvestments Capital LLC

Truvestments Capital LLC lifted its holdings in CTO Realty Growth, Inc. (NYSE:CTO) by 0.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 155,734 shares of the company’s stock after buying an additional 551 shares during the period. Truvestments Capital LLC owned approximately 0.52% of CTO Realty Growth worth $2,962,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Dynamic Technology Lab Private Ltd purchased a new position in CTO Realty Growth in the 3rd quarter worth approximately $205,000. Penserra Capital Management LLC lifted its position in CTO Realty Growth by 22.8% during the third quarter. Penserra Capital Management LLC now owns 55,968 shares of the company’s stock worth $1,064,000 after buying an additional 10,385 shares in the last quarter. Concorde Asset Management LLC boosted its stake in CTO Realty Growth by 27.8% during the third quarter. Concorde Asset Management LLC now owns 14,950 shares of the company’s stock worth $284,000 after buying an additional 3,250 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in CTO Realty Growth by 162.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 161,291 shares of the company’s stock valued at $3,068,000 after buying an additional 99,943 shares in the last quarter. Finally, GSA Capital Partners LLP acquired a new stake in shares of CTO Realty Growth in the 3rd quarter worth $223,000. 67.18% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Raymond James raised shares of CTO Realty Growth from an “outperform” rating to a “strong-buy” rating and boosted their price target for the company from $22.00 to $24.00 in a research report on Wednesday, October 30th. StockNews.com cut shares of CTO Realty Growth from a “hold” rating to a “sell” rating in a research note on Monday, October 28th. One equities research analyst has rated the stock with a sell rating, two have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, CTO Realty Growth presently has an average rating of “Buy” and an average price target of $21.00.

Insiders Place Their Bets

In related news, CEO John P. Albright sold 29,488 shares of the business’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $20.71, for a total value of $610,696.48. Following the sale, the chief executive officer now owns 570,554 shares in the company, valued at approximately $11,816,173.34. The trade was a 4.91 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Christopher W. Haga sold 3,000 shares of the firm’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $19.45, for a total value of $58,350.00. Following the transaction, the director now owns 44,988 shares of the company’s stock, valued at $875,016.60. This trade represents a 6.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 35,488 shares of company stock worth $726,616 over the last ninety days. Corporate insiders own 5.30% of the company’s stock.

CTO Realty Growth Stock Performance

NYSE CTO opened at $20.00 on Monday. The stock has a fifty day simple moving average of $19.38 and a 200-day simple moving average of $18.73. The company has a current ratio of 3.96, a quick ratio of 3.96 and a debt-to-equity ratio of 0.88. The stock has a market cap of $599.60 million, a PE ratio of 33.58 and a beta of 0.76. CTO Realty Growth, Inc. has a twelve month low of $16.16 and a twelve 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 for the quarter, missing the consensus estimate of $0.44 by ($0.27). The company had revenue of $31.81 million for the quarter, compared to analysts’ expectations of $30.15 million. CTO Realty Growth had a return on equity of 4.04% and a net margin of 17.10%. During the same period last year, the business earned $0.48 EPS. Equities analysts anticipate that CTO Realty Growth, Inc. will post 1.79 earnings per share for the current year.

CTO Realty Growth Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Thursday, December 12th will be given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 7.60%. The ex-dividend date of this dividend is Thursday, December 12th. CTO Realty Growth’s payout ratio is 257.63%.

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.