CTO Realty Growth, Inc. (NYSE:CTO) Holdings Boosted by Strs Ohio

Strs Ohio boosted its position in shares of CTO Realty Growth, Inc. (NYSE:CTOGet Rating) by 1,207.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 18,305 shares of the company’s stock after purchasing an additional 16,905 shares during the period. Strs Ohio owned 0.10% of CTO Realty Growth worth $343,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CTO. Arnhold LLC grew its holdings in shares of CTO Realty Growth by 200.0% during the 3rd quarter. Arnhold LLC now owns 15,432 shares of the company’s stock valued at $289,000 after acquiring an additional 10,288 shares in the last quarter. Grace & White Inc. NY grew its holdings in shares of CTO Realty Growth by 11.8% during the 3rd quarter. Grace & White Inc. NY now owns 462,968 shares of the company’s stock valued at $8,676,000 after acquiring an additional 48,830 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of CTO Realty Growth by 65.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 4,254 shares of the company’s stock valued at $79,000 after acquiring an additional 1,678 shares in the last quarter. Denali Advisors LLC grew its holdings in shares of CTO Realty Growth by 200.0% during the 3rd quarter. Denali Advisors LLC now owns 6,600 shares of the company’s stock valued at $124,000 after acquiring an additional 4,400 shares in the last quarter. Finally, Mraz Amerine & Associates Inc. grew its holdings in shares of CTO Realty Growth by 199.4% during the 3rd quarter. Mraz Amerine & Associates Inc. now owns 80,879 shares of the company’s stock valued at $1,516,000 after acquiring an additional 53,864 shares in the last quarter. 47.48% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. StockNews.com assumed coverage on shares of CTO Realty Growth in a report on Wednesday, October 12th. They set a “sell” rating on the stock. Jonestrading lowered their price target on shares of CTO Realty Growth from $27.00 to $26.00 and set a “buy” rating on the stock in a report on Friday, January 6th. Raymond James reduced their price objective on shares of CTO Realty Growth from $26.00 to $22.00 and set an “outperform” rating for the company in a research note on Wednesday, January 4th. BTIG Research reduced their price objective on shares of CTO Realty Growth from $24.00 to $21.00 in a research note on Tuesday, December 27th. Finally, TheStreet lowered shares of CTO Realty Growth from a “b-” rating to a “c” rating in a research note on Thursday, December 1st. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $23.40.

CTO Realty Growth Stock Down 0.2 %

CTO stock opened at $18.32 on Friday. The firm has a market cap of $418.45 million, a PE ratio of 103.70 and a beta of 0.79. The company has a current ratio of 4.82, a quick ratio of 4.82 and a debt-to-equity ratio of 0.83. CTO Realty Growth, Inc. has a 1 year low of $17.18 and a 1 year high of $23.07. The company has a fifty day simple moving average of $19.05 and a 200 day simple moving average of $19.89.

CTO Realty Growth Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 30th. Investors of record on Monday, December 12th were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Friday, December 9th. This represents a $1.52 annualized dividend and a dividend yield of 8.30%. CTO Realty Growth’s dividend payout ratio is presently 860.41%.

Insider Activity at CTO Realty Growth

In other CTO Realty Growth news, major shareholder Cto Realty Growth, Inc. bought 1,580 shares of the stock in a transaction on Monday, October 24th. The shares were purchased at an average price of $17.74 per share, with a total value of $28,029.20. Following the acquisition, the insider now directly owns 43,840 shares of the company’s stock, valued at approximately $777,721.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 5.20% of the stock is owned by corporate insiders.

CTO Realty Growth Company 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

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

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