CTO Realty Growth, Inc. (NYSEAMERICAN:CTO) CAO Sells $84,150.00 in Stock

CTO Realty Growth, Inc. (NYSEAMERICAN:CTOGet Rating) CAO Lisa Vorakoun sold 1,500 shares of the stock in a transaction on Thursday, March 17th. The stock was sold at an average price of $56.10, for a total transaction of $84,150.00. Following the sale, the chief accounting officer now owns 3,424 shares of the company’s stock, valued at approximately $192,086.40. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Lisa Vorakoun also recently made the following trade(s):

  • On Thursday, March 24th, Lisa Vorakoun sold 1,000 shares of CTO Realty Growth stock. The stock was sold at an average price of $63.50, for a total transaction of $63,500.00.
  • On Saturday, February 26th, Lisa Vorakoun sold 861 shares of CTO Realty Growth stock. The stock was sold at an average price of $52.05, for a total transaction of $44,815.05.

Shares of CTO Realty Growth stock opened at $60.33 on Tuesday. The firm has a market cap of $364.03 million, a price-to-earnings ratio of 12.86 and a beta of 0.82. The company has a quick ratio of 8.11, a current ratio of 8.11 and a debt-to-equity ratio of 0.53. CTO Realty Growth, Inc. has a one year low of $49.93 and a one year high of $67.38.

CTO Realty Growth’s stock is set to split on Friday, July 1st. The 3-1 split was announced on Friday, July 1st. The newly issued shares will be issued to shareholders after the closing bell on Friday, July 1st.

CTO Realty Growth (NYSEAMERICAN:CTOGet Rating) last announced its quarterly earnings results on Thursday, April 28th. The financial services provider reported ($0.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.07 by ($1.24). CTO Realty Growth had a net margin of 42.61% and a return on equity of 7.92%. During the same quarter in the previous year, the company posted $0.97 earnings per share. On average, equities research analysts forecast that CTO Realty Growth, Inc. will post 4.64 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, March 31st. Stockholders of record on Thursday, March 10th were issued a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a dividend yield of 7.16%. The ex-dividend date of this dividend was Wednesday, March 9th. This is an increase from CTO Realty Growth’s previous quarterly dividend of $1.00. CTO Realty Growth’s dividend payout ratio (DPR) is currently 92.11%.

Institutional investors and hedge funds have recently made changes to their positions in the company. Citigroup Inc. increased its holdings in shares of CTO Realty Growth by 139.1% in the 3rd quarter. Citigroup Inc. now owns 667 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 388 shares in the last quarter. Dorsey Wright & Associates purchased a new position in shares of CTO Realty Growth in the 1st quarter valued at about $49,000. Daiwa Securities Group Inc. increased its holdings in shares of CTO Realty Growth by 42.0% in the 4th quarter. Daiwa Securities Group Inc. now owns 1,733 shares of the financial services provider’s stock valued at $106,000 after purchasing an additional 513 shares in the last quarter. Metropolitan Life Insurance Co NY increased its holdings in shares of CTO Realty Growth by 425.3% in the 3rd quarter. Metropolitan Life Insurance Co NY now owns 1,991 shares of the financial services provider’s stock valued at $107,000 after purchasing an additional 1,612 shares in the last quarter. Finally, Denali Advisors LLC purchased a new position in shares of CTO Realty Growth in the 4th quarter valued at about $135,000. Institutional investors and hedge funds own 59.42% of the company’s stock.

A number of brokerages recently weighed in on CTO. BTIG Research increased their price target on shares of CTO Realty Growth from $67.00 to $72.00 and gave the stock a “buy” rating in a research note on Tuesday, March 8th. B. Riley upped their price objective on shares of CTO Realty Growth from $65.00 to $70.00 in a research report on Tuesday, March 1st. Zacks Investment Research downgraded shares of CTO Realty Growth from a “buy” rating to a “hold” rating in a research report on Wednesday, March 2nd. Finally, Jonestrading upped their price objective on shares of CTO Realty Growth from $75.00 to $80.00 in a research report on Friday, April 29th. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $72.75.

CTO Realty Growth Company Profile (Get Rating)

CTO Realty Growth, Inc is a Florida-based publicly traded real estate company, which owns income properties comprised of approximately 2.4 million square feet in diversified markets in the United States and an approximately 23.5% interest in Alpine Income Property Trust, Inc, a publicly traded net lease real estate investment trust (NYSE: PINE).

Further Reading

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

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