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

CTO Realty Growth, Inc. (NYSE:CTOGet Free Report) 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:CTOGet Free Report) 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.

View Our Latest Stock Report on CTO Realty Growth

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

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for CTO Realty Growth (NYSE:CTO)

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