CTO Realty Growth, Inc. $CTO Shares Sold by AlphaQuest LLC

AlphaQuest LLC reduced its position in CTO Realty Growth, Inc. (NYSE:CTO) by 86.9% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,956 shares of the company’s stock after selling 26,229 shares during the quarter. AlphaQuest LLC’s holdings in CTO Realty Growth were worth $76,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. New York State Teachers Retirement System acquired a new stake in shares of CTO Realty Growth in the 1st quarter worth $51,000. Lazard Asset Management LLC purchased a new position in shares of CTO Realty Growth during the 4th quarter worth $179,000. Cambridge Investment Research Advisors Inc. purchased a new position in CTO Realty Growth during the 1st quarter valued at about $199,000. Somerset Trust Co acquired a new stake in shares of CTO Realty Growth during the 1st quarter worth about $208,000. Finally, Resona Asset Management Co. Ltd. raised its position in shares of CTO Realty Growth by 9.7% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 11,435 shares of the company’s stock worth $221,000 after acquiring an additional 1,011 shares in the last quarter. 67.18% of the stock is owned by institutional investors and hedge funds.

Insider Activity at CTO Realty Growth

In related news, Director George R. Brokaw bought 2,000 shares of the stock in a transaction on Thursday, June 26th. The shares were bought at an average cost of $16.94 per share, for a total transaction of $33,880.00. Following the purchase, the director owned 91,701 shares of the company’s stock, valued at $1,553,414.94. This trade represents a 2.23% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO John P. Albright bought 3,800 shares of the stock in a transaction on Thursday, June 26th. The stock was bought at an average price of $17.05 per share, for a total transaction of $64,790.00. Following the completion of the purchase, the chief executive officer directly owned 628,347 shares in the company, valued at approximately $10,713,316.35. The trade was a 0.61% increase in their position. The disclosure for this purchase can be found here. Insiders acquired a total of 7,800 shares of company stock worth $132,960 over the last quarter. Company insiders own 4.00% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Wall Street Zen lowered CTO Realty Growth from a “hold” rating to a “sell” rating in a research report on Tuesday, May 13th. Jones Trading cut their target price on CTO Realty Growth from $22.00 to $21.00 and set a “buy” rating on the stock in a research report on Wednesday, July 30th. Finally, Raymond James Financial reissued a “strong-buy” rating on shares of CTO Realty Growth in a research report on Friday, May 23rd. One analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company. According to data from MarketBeat, CTO Realty Growth presently has an average rating of “Buy” and an average target price of $22.00.

CTO Realty Growth Trading Up 0.6%

Shares of CTO stock opened at $17.11 on Thursday. The business’s 50 day moving average is $17.06 and its two-hundred day moving average is $17.96. CTO Realty Growth, Inc. has a twelve month low of $16.12 and a twelve month high of $21.15. The company has a market capitalization of $563.44 million, a P/E ratio of -14.87 and a beta of 0.74. The company has a current ratio of 4.94, a quick ratio of 4.94 and a debt-to-equity ratio of 1.05.

CTO Realty Growth Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Thursday, September 11th will be paid a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 8.9%. The ex-dividend date is Thursday, September 11th. CTO Realty Growth’s dividend payout ratio (DPR) is -132.17%.

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.