SG Americas Securities LLC Makes New $176,000 Investment in CTO Realty Growth, Inc. (NYSE:CTO)

SG Americas Securities LLC bought a new position in CTO Realty Growth, Inc. (NYSE:CTO) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 9,269 shares of the company’s stock, valued at approximately $176,000.

A number of other institutional investors have also recently made changes to their positions in the company. Farmers & Merchants Investments Inc. purchased a new stake in CTO Realty Growth during the second quarter valued at $26,000. EntryPoint Capital LLC bought a new position in shares of CTO Realty Growth in the first quarter worth about $31,000. CWM LLC lifted its position in shares of CTO Realty Growth by 17.5% during the 2nd quarter. CWM LLC now owns 4,527 shares of the company’s stock valued at $79,000 after buying an additional 673 shares in the last quarter. Oppenheimer Asset Management Inc. bought a new position in shares of CTO Realty Growth during the 2nd quarter valued at approximately $178,000. Finally, Concorde Asset Management LLC purchased a new stake in CTO Realty Growth in the 2nd quarter worth approximately $204,000. Hedge funds and other institutional investors own 67.18% of the company’s stock.

Insider Activity

In other CTO Realty Growth news, Director Christopher W. Haga sold 3,000 shares of the stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $19.19, for a total transaction of $57,570.00. Following the transaction, the director now directly owns 44,988 shares in the company, valued at $863,319.72. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 5.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Raymond James raised their price target on CTO Realty Growth from $20.00 to $22.00 and gave the company an “outperform” rating in a report on Friday, August 16th. Alliance Global Partners raised shares of CTO Realty Growth to a “strong-buy” rating in a research note on Friday, July 26th. One equities research 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. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $20.33.

CTO Realty Growth Trading Up 0.9 %

CTO stock opened at $19.53 on Thursday. The firm has a market cap of $448.14 million, a PE ratio of 35.51 and a beta of 0.76. The firm has a fifty day moving average price of $19.11 and a 200 day moving average price of $18.31. The company has a debt-to-equity ratio of 0.98, a quick ratio of 3.42 and a current ratio of 3.42. CTO Realty Growth, Inc. has a fifty-two week low of $15.64 and a fifty-two week high of $21.15.

CTO Realty Growth (NYSE:CTO) last posted 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). The firm had revenue of $28.85 million for the quarter, compared to the consensus estimate of $27.46 million. CTO Realty Growth had a net margin of 14.52% and a return on equity of 3.55%. During the same quarter last year, the firm earned $0.48 EPS. Sell-side analysts anticipate that CTO Realty Growth, Inc. will post 1.78 earnings per share for the current fiscal year.

CTO Realty Growth Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders 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 annualized dividend and a dividend yield of 7.78%. CTO Realty Growth’s payout ratio is 276.36%.

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.