CTO Realty Growth, Inc. (NYSE:CTO) Shares Bought by Lazard Asset Management LLC

Lazard Asset Management LLC raised its stake in CTO Realty Growth, Inc. (NYSE:CTOGet Rating) by 94.5% during the second quarter, Holdings Channel.com reports. The firm owned 1,546 shares of the company’s stock after purchasing an additional 751 shares during the quarter. Lazard Asset Management LLC’s holdings in CTO Realty Growth were worth $94,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of CTO. Grace & White Inc. NY increased its holdings in shares of CTO Realty Growth by 214.0% in the 2nd quarter. Grace & White Inc. NY now owns 414,138 shares of the company’s stock valued at $8,437,000 after acquiring an additional 282,253 shares during the last quarter. LSV Asset Management increased its holdings in shares of CTO Realty Growth by 166.6% in the 1st quarter. LSV Asset Management now owns 81,455 shares of the company’s stock valued at $5,402,000 after acquiring an additional 50,903 shares during the last quarter. State Street Corp increased its holdings in shares of CTO Realty Growth by 36.9% in the 1st quarter. State Street Corp now owns 163,201 shares of the company’s stock valued at $10,823,000 after acquiring an additional 43,961 shares during the last quarter. EAM Investors LLC purchased a new position in shares of CTO Realty Growth in the 1st quarter valued at about $2,495,000. Finally, Aaron Wealth Advisors LLC purchased a new position in shares of CTO Realty Growth in the 1st quarter valued at about $415,000. Institutional investors and hedge funds own 20.86% of the company’s stock.

Insider Buying and Selling at CTO Realty Growth

In related news, major shareholder Cto Realty Growth, Inc. bought 1,990 shares of the stock in a transaction on Wednesday, October 12th. The shares were bought at an average cost of $15.83 per share, for a total transaction of $31,501.70. Following the purchase, the insider now owns 28,676 shares of the company’s stock, valued at approximately $453,941.08. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In the last ninety days, insiders have purchased 31,900 shares of company stock worth $537,832. 5.20% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

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

CTO Realty Growth Trading Down 0.5 %

NYSE:CTO opened at $20.35 on Thursday. The stock’s 50 day moving average price is $19.41 and its 200 day moving average price is $31.74. The company has a market capitalization of $382.58 million, a PE ratio of 115.19 and a beta of 0.77. The company has a quick ratio of 4.82, a current ratio of 4.82 and a debt-to-equity ratio of 0.83. CTO Realty Growth, Inc. has a 52-week low of $17.18 and a 52-week high of $23.07.

CTO Realty Growth Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 30th. Shareholders of record on Monday, December 12th will be paid a $0.38 dividend. The ex-dividend date of this dividend is Friday, December 9th. This represents a $1.52 annualized dividend and a dividend yield of 7.47%. CTO Realty Growth’s dividend payout ratio (DPR) is currently 860.41%.

CTO Realty Growth Company Profile

(Get Rating)

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).

See Also

Want to see what other hedge funds are holding CTO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CTO Realty Growth, Inc. (NYSE:CTOGet Rating).

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

Receive News & Ratings for CTO Realty Growth Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CTO Realty Growth and related companies with MarketBeat.com's FREE daily email newsletter.