Concorde Asset Management LLC Purchases 3,250 Shares of CTO Realty Growth, Inc. (NYSE:CTO)

Concorde Asset Management LLC increased its position in shares of CTO Realty Growth, Inc. (NYSE:CTO) by 27.8% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,950 shares of the company’s stock after buying an additional 3,250 shares during the period. Concorde Asset Management LLC’s holdings in CTO Realty Growth were worth $284,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of CTO. Signaturefd LLC grew its holdings in CTO Realty Growth by 45.4% in the third quarter. Signaturefd LLC now owns 1,785 shares of the company’s stock worth $34,000 after purchasing an additional 557 shares during the period. Rhumbline Advisers lifted its position in shares of CTO Realty Growth by 1.3% during the second quarter. Rhumbline Advisers now owns 45,665 shares of the company’s stock valued at $797,000 after purchasing an additional 606 shares in the last quarter. CWM LLC raised its position in CTO Realty Growth by 17.5% in the second quarter. CWM LLC now owns 4,527 shares of the company’s stock worth $79,000 after acquiring an additional 673 shares during the period. Price T Rowe Associates Inc. MD raised its position in CTO Realty Growth by 5.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 23,111 shares of the company’s stock worth $392,000 after acquiring an additional 1,156 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in CTO Realty Growth by 0.4% in the second quarter. Dimensional Fund Advisors LP now owns 299,434 shares of the company’s stock worth $5,228,000 after acquiring an additional 1,302 shares during the period. Institutional investors own 67.18% of the company’s stock.

Insider Transactions at CTO Realty Growth

In other news, 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 value of $610,696.48. Following the sale, the chief executive officer now directly owns 570,554 shares of the company’s stock, valued at $11,816,173.34. This represents a 4.91 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Christopher W. Haga sold 3,000 shares of the company’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $19.45, for a total transaction of $58,350.00. Following the completion of the sale, the director now directly owns 44,988 shares in the company, valued at $875,016.60. This represents a 6.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 35,488 shares of company stock valued at $726,616 in the last three months. 5.30% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms have recently issued reports on CTO. Alliance Global Partners raised shares of CTO Realty Growth to a “strong-buy” rating in a research report on Friday, July 26th. Raymond James raised shares of CTO Realty Growth from an “outperform” rating to a “strong-buy” rating and boosted their price objective for the company from $22.00 to $24.00 in a research note on Wednesday, October 30th. Finally, StockNews.com cut shares of CTO Realty Growth from a “hold” rating to a “sell” rating in a research note on Monday, October 28th. One analyst has rated the stock with a sell rating, two have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $21.00.

CTO Realty Growth Stock Up 1.0 %

Shares of NYSE CTO opened at $19.66 on Friday. The company has a current ratio of 3.96, a quick ratio of 3.96 and a debt-to-equity ratio of 0.88. CTO Realty Growth, Inc. has a 12 month low of $16.16 and a 12 month high of $21.15. The firm has a market capitalization of $589.41 million, a PE ratio of 33.32 and a beta of 0.76. The firm has a fifty day simple moving average of $19.36 and a two-hundred day simple moving average of $18.69.

CTO Realty Growth (NYSE:CTO) last released its earnings results on Thursday, October 24th. The company reported $0.17 earnings per share 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 analysts’ expectations 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 company earned $0.48 earnings per share. Equities analysts expect that CTO Realty Growth, Inc. will post 1.79 earnings per share for the current year.

CTO Realty Growth Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Thursday, December 12th will be given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 7.73%. The ex-dividend date of this dividend is Thursday, December 12th. CTO Realty Growth’s dividend payout ratio is presently 257.63%.

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.