CTO Realty Growth, Inc. (NYSE:CTO) Director Christopher W. Haga Sells 3,000 Shares

CTO Realty Growth, Inc. (NYSE:CTO) Director Christopher W. Haga sold 3,000 shares of CTO Realty Growth stock in a transaction that occurred 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 sale, the director now owns 44,988 shares of the company’s stock, valued at $875,016.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

CTO Realty Growth Trading Down 10.8 %

Shares of CTO stock opened at $18.87 on Thursday. The business has a 50-day moving average of $19.04 and a 200 day moving average of $17.85. The company has a debt-to-equity ratio of 0.98, a current ratio of 3.42 and a quick ratio of 3.42. CTO Realty Growth, Inc. has a 1-year low of $15.63 and a 1-year high of $21.15. The stock has a market capitalization of $432.99 million, a PE ratio of 34.31 and a beta of 0.76.

CTO Realty Growth (NYSE:CTO) last released its quarterly earnings data on Thursday, July 25th. The company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $28.85 million for the quarter, compared to analysts’ expectations of $27.46 million. During the same period last year, the company posted $0.48 EPS. As a group, sell-side analysts anticipate that CTO Realty Growth, Inc. will post 1.77 earnings per share for the current year.

CTO Realty Growth Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Thursday, September 12th will be given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 8.06%. The ex-dividend date is Thursday, September 12th. CTO Realty Growth’s payout ratio is 276.36%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on CTO shares. Raymond James boosted their target price on CTO Realty Growth from $20.00 to $22.00 and gave the stock an “outperform” rating in a research report on Friday, August 16th. Alliance Global Partners upgraded shares of CTO Realty Growth to a “strong-buy” rating in a report on Friday, July 26th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $20.33.

Hedge Funds Weigh In On CTO Realty Growth

Hedge funds and other institutional investors have recently modified their holdings of the company. Farmers & Merchants Investments Inc. purchased a new position in CTO Realty Growth during the 2nd quarter valued at about $26,000. EntryPoint Capital LLC purchased a new position in shares of CTO Realty Growth during the first quarter valued at approximately $31,000. CWM LLC raised its holdings in shares of CTO Realty Growth by 17.5% during the second quarter. CWM LLC now owns 4,527 shares of the company’s stock valued at $79,000 after acquiring an additional 673 shares in the last quarter. Oppenheimer Asset Management Inc. purchased a new stake in CTO Realty Growth in the second quarter worth $178,000. Finally, Jump Financial LLC bought a new stake in CTO Realty Growth in the fourth quarter valued at $192,000. 67.18% of the stock is owned by institutional investors.

CTO Realty Growth Company 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.