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

CTO Realty Growth, Inc. (NYSEAMERICAN:CTO – Get 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:CTO – Get 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.

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