SG Americas Securities LLC Purchases New Position in CTO Realty Growth, Inc. (NYSE:CTO)

SG Americas Securities LLC purchased a new stake in CTO Realty Growth, Inc. (NYSE:CTOGet Rating) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 2,088 shares of the company’s stock, valued at approximately $128,000.

Several other institutional investors and hedge funds have also recently modified their holdings of CTO. Steward Partners Investment Advisory LLC increased its stake in shares of CTO Realty Growth by 5.3% in the 1st quarter. Steward Partners Investment Advisory LLC now owns 8,144 shares of the company’s stock valued at $540,000 after purchasing an additional 409 shares in the last quarter. Truvestments Capital LLC purchased a new stake in CTO Realty Growth during the 1st quarter worth approximately $259,000. Brown Advisory Inc. increased its stake in CTO Realty Growth by 2.5% during the 1st quarter. Brown Advisory Inc. now owns 128,192 shares of the company’s stock worth $8,502,000 after buying an additional 3,102 shares in the last quarter. Wealthspire Advisors LLC purchased a new stake in CTO Realty Growth during the 1st quarter worth approximately $256,000. Finally, Aaron Wealth Advisors LLC purchased a new stake in CTO Realty Growth during the 1st quarter worth approximately $415,000. Hedge funds and other institutional investors own 20.86% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. BTIG Research set a $24.00 price objective on CTO Realty Growth in a research note on Tuesday, July 19th. StockNews.com started coverage on CTO Realty Growth in a report on Wednesday, October 12th. They set a “sell” rating on the stock. EF Hutton Acquisition Co. I boosted their target price on CTO Realty Growth from $24.00 to $25.00 and gave the stock a “buy” rating in a report on Monday, August 1st. TheStreet upgraded CTO Realty Growth from a “c” rating to a “b-” rating in a report on Friday, August 19th. Finally, B. Riley lowered their target price on CTO Realty Growth from $24.00 to $23.00 in a report on Wednesday, November 2nd. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $24.33.

CTO Realty Growth Trading Down 1.8 %

CTO opened at $19.86 on Tuesday. CTO Realty Growth, Inc. has a one year low of $17.18 and a one year high of $23.07. The stock has a market capitalization of $373.37 million, a PE ratio of 112.42 and a beta of 0.77. The business’s 50 day moving average price is $19.42 and its 200 day moving average price is $33.61. The company has a debt-to-equity ratio of 0.83, a quick ratio of 4.82 and a current ratio of 4.82.

CTO Realty Growth Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Monday, September 12th were issued a $0.38 dividend. The ex-dividend date was Friday, September 9th. This is a boost from CTO Realty Growth’s previous quarterly dividend of $0.37. This represents a $1.52 dividend on an annualized basis and a yield of 7.65%. CTO Realty Growth’s dividend payout ratio is currently 860.41%.

Insider Activity at CTO Realty Growth

In other CTO Realty Growth news, major shareholder Cto Realty Growth, Inc. acquired 1,800 shares of the firm’s stock in a transaction that occurred on Tuesday, September 20th. The shares were purchased at an average cost of $17.88 per share, for a total transaction of $32,184.00. Following the completion of the acquisition, the insider now owns 1,800 shares of the company’s stock, valued at approximately $32,184. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last three months, insiders have acquired 31,900 shares of company stock worth $537,832. Insiders own 5.20% of the company’s stock.

CTO Realty Growth Profile

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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).

See Also

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Institutional Ownership by Quarter for CTO Realty Growth (NYSE:CTO)

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