10,290 Shares in CTO Realty Growth, Inc. (NYSE:CTO) Purchased by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. acquired a new stake in CTO Realty Growth, Inc. (NYSE:CTO) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 10,290 shares of the company’s stock, valued at approximately $199,000.

A number of other hedge funds also recently bought and sold shares of the business. Bank of New York Mellon Corp boosted its position in shares of CTO Realty Growth by 15.1% during the 4th quarter. Bank of New York Mellon Corp now owns 153,338 shares of the company’s stock valued at $3,022,000 after acquiring an additional 20,064 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in CTO Realty Growth by 143.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 392,102 shares of the company’s stock valued at $7,728,000 after purchasing an additional 230,811 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of CTO Realty Growth in the 4th quarter valued at approximately $240,000. Raymond James Financial Inc. acquired a new stake in shares of CTO Realty Growth during the 4th quarter worth approximately $3,787,000. Finally, PNC Financial Services Group Inc. raised its position in shares of CTO Realty Growth by 9.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 12,908 shares of the company’s stock valued at $254,000 after buying an additional 1,159 shares during the period. Institutional investors and hedge funds own 67.18% of the company’s stock.

CTO Realty Growth Stock Performance

NYSE:CTO opened at $17.75 on Tuesday. The stock has a market capitalization of $584.46 million, a P/E ratio of -43.28 and a beta of 0.73. The company has a debt-to-equity ratio of 1.01, a quick ratio of 5.54 and a current ratio of 5.54. CTO Realty Growth, Inc. has a fifty-two week low of $16.12 and a fifty-two week high of $21.15. The company has a 50 day moving average price of $17.99 and a 200 day moving average price of $18.67.

CTO Realty Growth Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Thursday, June 12th were given a dividend of $0.38 per share. The ex-dividend date was Thursday, June 12th. This represents a $1.52 annualized dividend and a dividend yield of 8.57%. CTO Realty Growth’s dividend payout ratio is presently -370.73%.

Analyst Upgrades and Downgrades

CTO has been the subject of several analyst reports. Raymond James Financial reiterated a “strong-buy” rating on shares of CTO Realty Growth in a research report on Friday, May 23rd. Wall Street Zen downgraded CTO Realty Growth from a “hold” rating to a “sell” rating in a research report on Tuesday, May 13th.

Insider Activity at CTO Realty Growth

In other CTO Realty Growth news, Director George R. Brokaw purchased 2,000 shares of the firm’s stock in a transaction on Thursday, June 26th. The stock was bought at an average price of $16.94 per share, with a total value of $33,880.00. Following the transaction, the director directly owned 91,701 shares of the company’s stock, valued at approximately $1,553,414.94. This represents a 2.23% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO John P. Albright acquired 3,800 shares of the business’s stock in a transaction dated Thursday, June 26th. The shares were bought at an average cost of $17.05 per share, for a total transaction of $64,790.00. Following the transaction, the chief executive officer directly owned 628,347 shares of the company’s stock, valued at approximately $10,713,316.35. This trade represents a 0.61% increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders bought 7,800 shares of company stock valued at $132,960. Insiders own 4.00% of the company’s stock.

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.