Los Angeles Capital Management LLC Takes $1.79 Million Position in CTO Realty Growth, Inc. (NYSE:CTO)

Los Angeles Capital Management LLC bought a new position in shares of CTO Realty Growth, Inc. (NYSE:CTO) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 94,340 shares of the company’s stock, valued at approximately $1,794,000. Los Angeles Capital Management LLC owned 0.31% of CTO Realty Growth as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Farmers & Merchants Investments Inc. purchased a new position in shares of CTO Realty Growth during the 2nd quarter valued at approximately $26,000. Signaturefd LLC raised its position in shares of 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 acquiring an additional 557 shares during the period. EntryPoint Capital LLC purchased a new stake in shares of CTO Realty Growth during the 1st quarter worth about $31,000. Copeland Capital Management LLC acquired a new stake in shares of CTO Realty Growth during the 3rd quarter valued at about $49,000. Finally, CWM LLC increased its stake in shares of CTO Realty Growth by 17.5% in the 2nd quarter. CWM LLC now owns 4,527 shares of the company’s stock valued at $79,000 after purchasing an additional 673 shares in the last quarter. 67.18% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Raymond James upgraded CTO Realty Growth from an “outperform” rating to a “strong-buy” rating and increased their price target for the stock from $22.00 to $24.00 in a research report on Wednesday, October 30th. StockNews.com cut shares of CTO Realty Growth from a “hold” rating to a “sell” rating in a research note on Monday, October 28th. Finally, Alliance Global Partners upgraded shares of CTO Realty Growth to a “strong-buy” rating in a research report on Friday, July 26th. One research analyst has rated the stock with a sell rating, two have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $21.00.

Insider Activity 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 on Monday, November 11th. The stock was sold at an average price of $20.71, for a total transaction of $610,696.48. Following the transaction, the chief executive officer now 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 filing with the SEC, which is accessible through the SEC website. In other news, CEO John P. Albright sold 29,488 shares of CTO Realty Growth stock in a transaction on Monday, November 11th. The stock was sold at an average price of $20.71, for a total transaction 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 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Christopher W. Haga sold 3,000 shares of the company’s 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 completion of the sale, the director now directly owns 44,988 shares of the company’s stock, valued at $863,319.72. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 35,488 shares of company stock valued at $726,616. 5.30% of the stock is currently owned by insiders.

CTO Realty Growth Stock Down 1.3 %

Shares of CTO opened at $19.70 on Thursday. The stock has a 50 day moving average price of $19.34 and a 200 day moving average price of $18.61. CTO Realty Growth, Inc. has a one year low of $16.16 and a one year high of $21.15. The company has a debt-to-equity ratio of 0.88, a quick ratio of 3.96 and a current ratio of 3.96. The stock has a market capitalization of $590.61 million, a price-to-earnings ratio of 33.39 and a beta of 0.76.

CTO Realty Growth (NYSE:CTO) last issued its earnings results on Thursday, October 24th. The company reported $0.17 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 analyst estimates of $30.15 million. CTO Realty Growth had a net margin of 17.10% and a return on equity of 4.04%. During the same quarter last year, the company earned $0.48 earnings per share. Equities research analysts forecast that CTO Realty Growth, Inc. will post 1.79 earnings per share for the current fiscal year.

CTO Realty Growth Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 12th were given 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 7.72%. CTO Realty Growth’s dividend payout ratio (DPR) is presently 257.63%.

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.