Creative Planning Purchases New Shares in CTO Realty Growth, Inc. (NYSE:CTO)

Creative Planning purchased a new stake in shares of CTO Realty Growth, Inc. (NYSE:CTO) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 12,455 shares of the company’s stock, valued at approximately $237,000. Creative Planning owned 0.05% of CTO Realty Growth at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in CTO. Ingalls & Snyder LLC boosted its position in CTO Realty Growth by 223.2% during the 2nd quarter. Ingalls & Snyder LLC now owns 395,870 shares of the company’s stock worth $6,912,000 after acquiring an additional 273,400 shares during the period. Kennedy Capital Management LLC increased its stake in CTO Realty Growth by 110.2% in the 1st quarter. Kennedy Capital Management LLC now owns 241,521 shares of the company’s stock valued at $4,094,000 after buying an additional 126,615 shares during the period. LSV Asset Management lifted its position in CTO Realty Growth by 18.8% in the 2nd quarter. LSV Asset Management now owns 381,960 shares of the company’s stock worth $6,669,000 after buying an additional 60,480 shares in the last quarter. AQR Capital Management LLC boosted its stake in shares of CTO Realty Growth by 104.7% during the 2nd quarter. AQR Capital Management LLC now owns 103,805 shares of the company’s stock valued at $1,812,000 after buying an additional 53,083 shares during the period. Finally, Hsbc Holdings PLC boosted its stake in shares of CTO Realty Growth by 145.0% during the 2nd quarter. Hsbc Holdings PLC now owns 88,707 shares of the company’s stock valued at $1,531,000 after buying an additional 52,500 shares during the period. Hedge funds and other institutional investors own 67.18% of the company’s stock.

Insider Activity

In other CTO Realty Growth news, Director Christopher W. Haga sold 3,000 shares of the business’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $19.45, for a total transaction of $58,350.00. Following the completion of the transaction, the director now owns 44,988 shares of the company’s stock, valued at $875,016.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 5.30% of the company’s stock.

CTO Realty Growth Stock Up 0.6 %

CTO stock opened at $20.54 on Monday. The company has a current ratio of 3.96, a quick ratio of 3.96 and a debt-to-equity ratio of 0.88. The firm has a market cap of $615.79 million, a PE ratio of 34.81 and a beta of 0.76. CTO Realty Growth, Inc. has a 1 year low of $16.14 and a 1 year high of $21.15. The company has a fifty day simple moving average of $19.27 and a 200 day simple moving average of $18.56.

CTO Realty Growth (NYSE:CTO) last announced its quarterly earnings results on Thursday, October 24th. The company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.27). The company had revenue of $31.81 million during the quarter, compared to analyst estimates of $30.15 million. CTO Realty Growth had a return on equity of 4.04% and a net margin of 17.10%. During the same period in the prior year, the firm earned $0.48 EPS. Sell-side analysts anticipate that CTO Realty Growth, Inc. will post 1.79 EPS for the current fiscal year.

CTO Realty Growth Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 12th were issued a dividend of $0.38 per share. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $1.52 annualized dividend and a yield of 7.40%. CTO Realty Growth’s dividend payout ratio (DPR) is presently 257.63%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Raymond James raised shares of CTO Realty Growth from an “outperform” rating to a “strong-buy” rating and upped their price target for the stock from $22.00 to $24.00 in a research note on Wednesday, October 30th. Alliance Global Partners raised CTO Realty Growth to a “strong-buy” rating in a research report on Friday, July 26th. Finally, StockNews.com lowered CTO Realty Growth from a “hold” rating to a “sell” rating in a report on Monday, October 28th. One investment analyst has rated the stock with a sell rating, two have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $21.00.

CTO Realty Growth Profile

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.