Macquarie Group Ltd. Has $871,000 Stake in CTO Realty Growth, Inc. (NYSE:CTO)

Macquarie Group Ltd. increased its position in CTO Realty Growth, Inc. (NYSE:CTO – Get Rating) by 200.0% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 46,500 shares of the company’s stock after purchasing an additional 31,000 shares during the period. Macquarie Group Ltd. owned about 0.25% of CTO Realty Growth worth $871,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CTO. Hoese & Co LLP raised its holdings in CTO Realty Growth by 200.0% in the 3rd quarter. Hoese & Co LLP now owns 1,482 shares of the company’s stock worth $28,000 after acquiring an additional 988 shares during the period. Metropolitan Life Insurance Co NY raised its stake in shares of CTO Realty Growth by 154.2% in the third quarter. Metropolitan Life Insurance Co NY now owns 1,680 shares of the company’s stock worth $31,000 after acquiring an additional 1,019 shares during the last quarter. Amalgamated Bank raised its stake in shares of CTO Realty Growth by 200.0% during the third quarter. Amalgamated Bank now owns 2,220 shares of the company’s stock worth $42,000 after buying an additional 1,480 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of CTO Realty Growth by 65.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 4,254 shares of the company’s stock worth $79,000 after buying an additional 1,678 shares during the last quarter. Finally, Daiwa Securities Group Inc. raised its stake in shares of CTO Realty Growth by 176.4% during the third quarter. Daiwa Securities Group Inc. now owns 4,680 shares of the company’s stock worth $88,000 after buying an additional 2,987 shares during the last quarter. Institutional investors and hedge funds own 47.48% of the company’s stock.

Insider Buying and Selling at CTO Realty Growth

In related news, CEO John P. Albright purchased 6,200 shares of the business’s stock in a transaction that occurred on Wednesday, March 8th. The shares were bought at an average cost of $17.01 per share, with a total value of $105,462.00. Following the acquisition, the chief executive officer now owns 531,852 shares of the company’s stock, valued at $9,046,802.52. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 5.20% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on CTO shares. EF Hutton Acquisition Co. I reissued a “buy” rating and set a $23.00 price target (down from $25.00) on shares of CTO Realty Growth in a research note on Friday, February 24th. BTIG Research lowered their target price on shares of CTO Realty Growth from $24.00 to $21.00 in a research note on Tuesday, December 27th. Jonestrading reaffirmed a “buy” rating and issued a $26.00 target price on shares of CTO Realty Growth in a research note on Thursday. B. Riley lowered their target price on shares of CTO Realty Growth from $23.00 to $20.00 and set a “buy” rating for the company in a research note on Tuesday, February 28th. Finally, Raymond James reduced their price target on shares of CTO Realty Growth from $26.00 to $22.00 and set an “outperform” rating for the company in a report on Wednesday, January 4th. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $22.40.

CTO Realty Growth Trading Down 3.4 %

Shares of CTO Realty Growth stock opened at $16.27 on Monday. The company has a market capitalization of $374.37 million, a price-to-earnings ratio of -212.21 and a beta of 0.81. The company has a quick ratio of 2.58, a current ratio of 2.58 and a debt-to-equity ratio of 0.88. CTO Realty Growth, Inc. has a 12-month low of $16.14 and a 12-month high of $23.07. The firm’s 50-day moving average price is $18.63 and its two-hundred day moving average price is $19.21.

CTO Realty Growth Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 31st. Stockholders of record on Thursday, March 9th will be paid a $0.38 dividend. The ex-dividend date is Wednesday, March 8th. This represents a $1.52 annualized dividend and a dividend yield of 9.34%. CTO Realty Growth’s dividend payout ratio is currently -1,982.52%.

CTO Realty Growth Company Profile

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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.