State Board of Administration of Florida Retirement System Takes $244,000 Position in CTO Realty Growth, Inc. (NYSE:CTO)

State Board of Administration of Florida Retirement System purchased a new stake in CTO Realty Growth, Inc. (NYSE:CTOGet Rating) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 3,995 shares of the company’s stock, valued at approximately $244,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Grace & White Inc. NY grew its position in CTO Realty Growth by 214.0% during the second quarter. Grace & White Inc. NY now owns 414,138 shares of the company’s stock worth $8,437,000 after buying an additional 282,253 shares in the last quarter. LSV Asset Management grew its position in CTO Realty Growth by 166.6% during the first quarter. LSV Asset Management now owns 81,455 shares of the company’s stock worth $5,402,000 after buying an additional 50,903 shares in the last quarter. State Street Corp grew its position in CTO Realty Growth by 36.9% during the first quarter. State Street Corp now owns 163,201 shares of the company’s stock worth $10,823,000 after buying an additional 43,961 shares in the last quarter. EAM Investors LLC acquired a new stake in CTO Realty Growth during the first quarter worth about $2,495,000. Finally, Aaron Wealth Advisors LLC acquired a new stake in CTO Realty Growth during the first quarter worth about $415,000. 20.86% of the stock is owned by institutional investors and hedge funds.

CTO Realty Growth Stock Performance

CTO stock opened at $20.39 on Tuesday. The company has a debt-to-equity ratio of 0.83, a current ratio of 4.82 and a quick ratio of 4.82. The company has a 50 day moving average price of $19.38 and a 200 day moving average price of $32.11. CTO Realty Growth, Inc. has a fifty-two week low of $17.18 and a fifty-two week high of $23.07. The stock has a market capitalization of $383.33 million, a PE ratio of 115.42 and a beta of 0.77.

Insider Buying and Selling

In related news, major shareholder Cto Realty Growth, Inc. acquired 1,800 shares of the company’s stock in a transaction that occurred on Tuesday, September 20th. The stock was purchased at an average price of $17.88 per share, for a total transaction of $32,184.00. Following the transaction, the insider now directly owns 1,800 shares of the company’s stock, valued at approximately $32,184. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders purchased 31,900 shares of company stock worth $537,832 in the last quarter. Insiders own 5.20% of the company’s stock.

Analysts Set New Price Targets

CTO has been the topic of a number of recent research reports. StockNews.com initiated coverage on CTO Realty Growth in a research report on Wednesday, October 12th. They set a “sell” rating on the stock. EF Hutton Acquisition Co. I raised their price target on shares of CTO Realty Growth from $24.00 to $25.00 and gave the stock a “buy” rating in a research note on Monday, August 1st. TheStreet upgraded shares of CTO Realty Growth from a “c” rating to a “b-” rating in a research note on Friday, August 19th. Finally, B. Riley cut their price target on shares of CTO Realty Growth from $24.00 to $23.00 in a research note on Wednesday, November 2nd. One analyst has rated the stock with a sell rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $24.33.

CTO Realty Growth Company Profile

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CTO Realty Growth, Inc is a Florida-based publicly traded real estate company, which owns income properties comprised of approximately 2.4 million square feet in diversified markets in the United States and an approximately 23.5% interest in Alpine Income Property Trust, Inc, a publicly traded net lease real estate investment trust (NYSE: PINE).

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Institutional Ownership by Quarter for CTO Realty Growth (NYSE:CTO)

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