CTO Realty Growth, Inc. (NYSE:CTO) CEO John P. Albright Sells 29,488 Shares of Stock

CTO Realty Growth, Inc. (NYSE:CTO) CEO John P. Albright sold 29,488 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $20.71, for a total transaction of $610,696.48. Following the completion of the transaction, the chief executive officer now directly owns 570,554 shares of the company’s stock, valued at approximately $11,816,173.34. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

CTO Realty Growth Stock Performance

CTO Realty Growth stock opened at $19.95 on Wednesday. The company has a market cap of $597.95 million, a PE ratio of 33.81 and a beta of 0.76. CTO Realty Growth, Inc. has a 12 month low of $16.15 and a 12 month high of $21.15. The company has a fifty day moving average price of $19.33 and a two-hundred day moving average price of $18.60. The company has a debt-to-equity ratio of 0.88, a current ratio of 3.96 and a quick ratio of 3.96.

CTO Realty Growth (NYSE:CTO) last issued its earnings results on Thursday, October 24th. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.27). The business had revenue of $31.81 million during the quarter, compared to the consensus estimate 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 business earned $0.48 EPS. Research analysts expect that CTO Realty Growth, Inc. will post 1.79 earnings per share for the current year.

CTO Realty Growth Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 12th were issued a $0.38 dividend. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 7.62%. CTO Realty Growth’s dividend payout ratio (DPR) is presently 257.63%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on CTO. StockNews.com downgraded CTO Realty Growth from a “hold” rating to a “sell” rating in a report on Monday, October 28th. Raymond James upgraded shares of CTO Realty Growth from an “outperform” rating to a “strong-buy” rating and lifted their price target for the stock from $22.00 to $24.00 in a research note on Wednesday, October 30th. Finally, Alliance Global Partners upgraded shares of CTO Realty Growth to a “strong-buy” rating in a research note on Friday, July 26th. One research 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.com, CTO Realty Growth currently has a consensus rating of “Buy” and a consensus price target of $21.00.

Institutional Trading of CTO Realty Growth

Several hedge funds have recently bought and sold shares of CTO. Vanguard Group Inc. boosted its position in shares of CTO Realty Growth by 0.5% during the first quarter. Vanguard Group Inc. now owns 1,079,798 shares of the company’s stock worth $18,303,000 after buying an additional 5,617 shares during the period. Grace & White Inc. NY grew its stake in shares of CTO Realty Growth by 0.4% in the second quarter. Grace & White Inc. NY now owns 604,041 shares of the company’s stock worth $10,547,000 after purchasing an additional 2,602 shares in the last quarter. Ingalls & Snyder LLC increased its holdings in shares of CTO Realty Growth by 223.2% during the second quarter. Ingalls & Snyder LLC now owns 395,870 shares of the company’s stock valued at $6,912,000 after purchasing an additional 273,400 shares during the period. Russell Investments Group Ltd. raised its stake in shares of CTO Realty Growth by 11.9% during the first quarter. Russell Investments Group Ltd. now owns 393,252 shares of the company’s stock valued at $6,666,000 after purchasing an additional 41,938 shares in the last quarter. Finally, LSV Asset Management lifted its holdings in CTO Realty Growth by 18.8% in the second quarter. LSV Asset Management now owns 381,960 shares of the company’s stock worth $6,669,000 after purchasing an additional 60,480 shares during the period. 67.18% of the stock is currently owned by institutional investors.

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.