CTO Realty Growth, Inc. (NYSEAMERICAN:CTO) Major Shareholder Purchases $135,790.00 in Stock

CTO Realty Growth, Inc. (NYSEAMERICAN:CTOGet Rating) major shareholder Cto Realty Growth, Inc. acquired 7,400 shares of the stock in a transaction that occurred on Monday, April 11th. The shares were bought at an average cost of $18.35 per share, with a total value of $135,790.00. Following the transaction, the insider now directly owns 836,043 shares in the company, valued at approximately $15,341,389.05. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Cto Realty Growth, Inc. also recently made the following trade(s):

  • On Wednesday, April 13th, Cto Realty Growth, Inc. purchased 9,551 shares of CTO Realty Growth stock. The stock was acquired at an average cost of $18.26 per share, with a total value of $174,401.26.

Shares of CTO Realty Growth stock traded up $2.01 during trading on Wednesday, hitting $66.16. 39,297 shares of the stock were exchanged, compared to its average volume of 37,094. The stock has a market cap of $394.91 million, a P/E ratio of 14.11 and a beta of 0.82. CTO Realty Growth, Inc. has a 12-month low of $49.48 and a 12-month high of $67.38. The company has a current ratio of 8.11, a quick ratio of 8.11 and a debt-to-equity ratio of 0.53.

CTO Realty Growth (NYSEAMERICAN:CTOGet Rating) last released its quarterly earnings data on Thursday, February 24th. The financial services provider reported $0.13 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.04 by ($0.91). CTO Realty Growth had a return on equity of 7.92% and a net margin of 42.61%. During the same quarter in the previous year, the firm earned $18.06 EPS. As a group, sell-side analysts forecast that CTO Realty Growth, Inc. will post 4.64 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, March 31st. Investors of record on Thursday, March 10th were paid a dividend of $1.08 per share. This is a positive change from CTO Realty Growth’s previous quarterly dividend of $1.00. This represents a $4.32 annualized dividend and a yield of 6.53%. The ex-dividend date of this dividend was Wednesday, March 9th. CTO Realty Growth’s dividend payout ratio (DPR) is currently 92.11%.

Several equities analysts have commented on CTO shares. B. Riley raised their price target on shares of CTO Realty Growth from $65.00 to $70.00 in a research report on Tuesday, March 1st. BTIG Research raised their price target on shares of CTO Realty Growth from $67.00 to $72.00 and gave the company a “buy” rating in a research report on Tuesday, March 8th. Jonestrading raised their price target on shares of CTO Realty Growth from $70.00 to $75.00 and gave the company a “buy” rating in a research report on Monday, February 28th. Finally, Zacks Investment Research cut shares of CTO Realty Growth from a “buy” rating to a “hold” rating in a research report on Wednesday, March 2nd. Two analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Buy” and an average price target of $71.50.

A number of large investors have recently made changes to their positions in CTO. Morgan Stanley raised its stake in CTO Realty Growth by 36.6% during the 2nd quarter. Morgan Stanley now owns 29,678 shares of the financial services provider’s stock worth $1,588,000 after acquiring an additional 7,958 shares in the last quarter. Wells Fargo & Company MN increased its stake in CTO Realty Growth by 5.6% in the second quarter. Wells Fargo & Company MN now owns 41,805 shares of the financial services provider’s stock valued at $2,237,000 after purchasing an additional 2,226 shares during the period. Parametric Portfolio Associates LLC increased its stake in CTO Realty Growth by 19.1% in the second quarter. Parametric Portfolio Associates LLC now owns 5,190 shares of the financial services provider’s stock valued at $278,000 after purchasing an additional 834 shares during the period. Naples Global Advisors LLC increased its stake in CTO Realty Growth by 24.0% in the third quarter. Naples Global Advisors LLC now owns 23,830 shares of the financial services provider’s stock valued at $1,281,000 after purchasing an additional 4,605 shares during the period. Finally, SG Americas Securities LLC acquired a new position in CTO Realty Growth in the third quarter valued at $190,000. Hedge funds and other institutional investors own 59.42% of the company’s stock.

CTO Realty Growth Company Profile (Get Rating)

CTO Realty Growth, Inc operates as a real estate company. It owns and manages commercial real estate properties. The company was founded in 1910 and is headquartered in Daytona Beach, FL.

See Also

Insider Buying and Selling by Quarter for CTO Realty Growth (NYSEAMERICAN:CTO)

Receive News & Ratings for CTO Realty Growth Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CTO Realty Growth and related companies with MarketBeat.com's FREE daily email newsletter.