60,413 Shares in CTO Realty Growth, Inc. (NYSE:CTO) Purchased by Atom Investors LP

Atom Investors LP bought a new position in CTO Realty Growth, Inc. (NYSE:CTO) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 60,413 shares of the company’s stock, valued at approximately $1,149,000. Atom Investors LP owned about 0.20% of CTO Realty Growth as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Verition Fund Management LLC bought a new position in shares of CTO Realty Growth during the third quarter worth about $548,000. Martingale Asset Management L P boosted its position in shares of CTO Realty Growth by 21.5% during the third quarter. Martingale Asset Management L P now owns 23,715 shares of the company’s stock worth $451,000 after buying an additional 4,192 shares during the period. FMR LLC grew its holdings in CTO Realty Growth by 461.4% in the 3rd quarter. FMR LLC now owns 13,608 shares of the company’s stock worth $259,000 after buying an additional 11,184 shares in the last quarter. Quantbot Technologies LP increased its position in CTO Realty Growth by 696.9% in the 3rd quarter. Quantbot Technologies LP now owns 28,759 shares of the company’s stock valued at $547,000 after acquiring an additional 25,150 shares during the period. Finally, The Manufacturers Life Insurance Company raised its stake in CTO Realty Growth by 4.5% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 21,297 shares of the company’s stock valued at $405,000 after acquiring an additional 915 shares in the last quarter. 67.18% of the stock is currently owned by institutional investors and hedge funds.

CTO Realty Growth Trading Up 0.2 %

NYSE CTO opened at $20.26 on Wednesday. The firm’s 50 day moving average price is $19.49 and its two-hundred day moving average price is $18.85. The company has a debt-to-equity ratio of 0.88, a quick ratio of 3.96 and a current ratio of 3.96. CTO Realty Growth, Inc. has a twelve month low of $16.16 and a twelve month high of $21.15. The stock has a market cap of $607.39 million, a price-to-earnings ratio of 34.34 and a beta of 0.77.

CTO Realty Growth (NYSE:CTO) last announced its quarterly earnings data on Thursday, October 24th. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate 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 posted $0.48 earnings per share. Equities analysts anticipate that CTO Realty Growth, Inc. will post 1.8 EPS for the current year.

CTO Realty Growth Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Thursday, December 12th will be issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 7.50%. The ex-dividend date of this dividend is Thursday, December 12th. CTO Realty Growth’s dividend payout ratio is currently 257.63%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on CTO shares. Raymond James raised shares of CTO Realty Growth from an “outperform” rating to a “strong-buy” rating and upped their price target for the stock from $22.00 to $24.00 in a research note on Wednesday, October 30th. StockNews.com cut shares of CTO Realty Growth from a “hold” rating to a “sell” rating in a research report on Monday, October 28th. One analyst has rated the stock with a sell rating, two have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $21.00.

Insider Transactions at CTO Realty Growth

In other CTO Realty Growth news, CEO John P. Albright sold 29,488 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $20.71, for a total value of $610,696.48. Following the transaction, the chief executive officer now owns 570,554 shares in the company, valued at $11,816,173.34. The trade was a 4.91 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Christopher W. Haga sold 3,000 shares of the firm’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $19.45, for a total value of $58,350.00. Following the sale, the director now directly owns 44,988 shares of the company’s stock, valued at $875,016.60. This trade represents a 6.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.30% of the stock is currently owned by company insiders.

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.