CTO Realty Growth, Inc. (NYSE:CTO) Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC lessened its position in shares of CTO Realty Growth, Inc. (NYSE:CTO) by 25.9% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 133,801 shares of the company’s stock after selling 46,800 shares during the period. Renaissance Technologies LLC owned about 0.58% of CTO Realty Growth worth $2,336,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Cutler Capital Management LLC grew its stake in shares of CTO Realty Growth by 18.5% during the fourth quarter. Cutler Capital Management LLC now owns 136,772 shares of the company’s stock worth $2,370,000 after purchasing an additional 21,317 shares in the last quarter. Heitman Real Estate Securities LLC boosted its position in shares of CTO Realty Growth by 8.6% during the 4th quarter. Heitman Real Estate Securities LLC now owns 941,612 shares of the company’s stock worth $16,318,000 after acquiring an additional 74,939 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of CTO Realty Growth by 19.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 11,963 shares of the company’s stock valued at $207,000 after acquiring an additional 1,925 shares during the last quarter. Commonwealth Equity Services LLC raised its position in shares of CTO Realty Growth by 4.1% during the 1st quarter. Commonwealth Equity Services LLC now owns 34,236 shares of the company’s stock worth $580,000 after acquiring an additional 1,346 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its stake in CTO Realty Growth by 11.9% during the first quarter. Russell Investments Group Ltd. now owns 393,252 shares of the company’s stock worth $6,666,000 after purchasing an additional 41,938 shares during the last quarter. 67.18% of the stock is owned by hedge funds and other institutional investors.

CTO Realty Growth Price Performance

Shares of NYSE CTO opened at $18.99 on Wednesday. The stock has a market cap of $435.74 million, a P/E ratio of 34.55 and a beta of 0.76. CTO Realty Growth, Inc. has a twelve month low of $15.63 and a twelve month high of $21.15. The stock has a 50 day moving average of $19.28 and a two-hundred day moving average of $18.05. The company has a current ratio of 3.42, a quick ratio of 3.42 and a debt-to-equity ratio of 0.98.

CTO Realty Growth (NYSE:CTO) last released its quarterly earnings results on Thursday, July 25th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.39 by ($0.42). CTO Realty Growth had a net margin of 14.52% and a return on equity of 3.55%. The business had revenue of $28.85 million during the quarter, compared to analysts’ expectations of $27.46 million. During the same quarter last year, the company earned $0.48 EPS. On average, research analysts forecast that CTO Realty Growth, Inc. will post 1.79 earnings per share for the current year.

CTO Realty Growth Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 12th were issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 8.00%. The ex-dividend date was Thursday, September 12th. CTO Realty Growth’s dividend payout ratio is currently 276.36%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on CTO. Raymond James increased their price target on shares of CTO Realty Growth from $20.00 to $22.00 and gave the company an “outperform” rating in a research note on Friday, August 16th. Alliance Global Partners raised shares of CTO Realty Growth to a “strong-buy” rating in a research report on Friday, July 26th. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, CTO Realty Growth currently has a consensus rating of “Buy” and an average price target of $20.33.

Insider Activity at CTO Realty Growth

In related news, major shareholder Cto Realty Growth, Inc. acquired 6,262 shares of the firm’s stock in a transaction on Friday, July 5th. The stock was bought at an average cost of $15.00 per share, with a total value of $93,930.00. Following the transaction, the insider now owns 196,356 shares of the company’s stock, valued at $2,945,340. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Christopher W. Haga sold 3,000 shares of the firm’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $19.19, for a total value of $57,570.00. Following the completion of the sale, the director now owns 44,988 shares in the company, valued at approximately $863,319.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Cto Realty Growth, Inc. purchased 6,262 shares of the company’s stock in a transaction dated Friday, July 5th. The shares were purchased at an average price of $15.00 per share, for a total transaction of $93,930.00. Following the completion of the purchase, the insider now owns 196,356 shares of the company’s stock, valued at $2,945,340. The disclosure for this purchase can be found here. 5.00% of the stock is currently owned by insiders.

About CTO Realty Growth

CTO Realty Growth, Inc is a publicly traded real estate investment trust that owns and operates a portfolio of high-quality, retail-based properties located primarily in higher growth markets in the United States. CTO also externally manages and owns a meaningful interest in Alpine Income Property Trust, Inc (NYSE: PINE), a publicly traded net lease REIT.