Macquarie Group Ltd. Has $871,000 Stake in CTO Realty Growth, Inc. (NYSE:CTO)

Macquarie Group Ltd. lifted its stake in shares of CTO Realty Growth, Inc. (NYSE:CTO – Get Rating) by 200.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 46,500 shares of the company’s stock after purchasing an additional 31,000 shares during the quarter. Macquarie Group Ltd.’s holdings in CTO Realty Growth were worth $871,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in CTO. Gamco Investors INC. ET AL grew its position in CTO Realty Growth by 202.1% during the third quarter. Gamco Investors INC. ET AL now owns 71,258 shares of the company’s stock valued at $1,335,000 after buying an additional 47,672 shares during the period. Worth Venture Partners LLC boosted its holdings in CTO Realty Growth by 7.9% in the third quarter. Worth Venture Partners LLC now owns 23,302 shares of the company’s stock valued at $437,000 after acquiring an additional 1,710 shares in the last quarter. Royal Bank of Canada boosted its holdings in shares of CTO Realty Growth by 225.2% during the 3rd quarter. Royal Bank of Canada now owns 15,701 shares of the company’s stock valued at $295,000 after buying an additional 10,873 shares in the last quarter. Virtus ETF Advisers LLC boosted its holdings in shares of CTO Realty Growth by 173.5% during the 3rd quarter. Virtus ETF Advisers LLC now owns 76,971 shares of the company’s stock valued at $1,442,000 after buying an additional 48,823 shares in the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new position in shares of CTO Realty Growth in the 3rd quarter worth about $344,000. 47.48% of the stock is owned by institutional investors.

Insider Activity at CTO Realty Growth

In related news, CEO John P. Albright acquired 6,200 shares of CTO Realty Growth stock in a transaction on Wednesday, March 8th. The stock was purchased at an average cost of $17.01 per share, with a total value of $105,462.00. Following the purchase, the chief executive officer now directly owns 531,852 shares in the company, valued at $9,046,802.52. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 5.20% of the company’s stock.

Wall Street Analyst Weigh In

CTO has been the subject of a number of recent research reports. BTIG Research cut their price target on CTO Realty Growth from $24.00 to $21.00 in a research note on Tuesday, December 27th. Jonestrading reiterated a “buy” rating and issued a $26.00 target price on shares of CTO Realty Growth in a research note on Thursday. Raymond James dropped their price objective on CTO Realty Growth from $26.00 to $22.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 4th. EF Hutton Acquisition Co. I reiterated a “buy” rating and issued a $23.00 price target (down from $25.00) on shares of CTO Realty Growth in a research note on Friday, February 24th. Finally, B. Riley reduced their price target on CTO Realty Growth from $23.00 to $20.00 and set a “buy” rating for the company in a research report on Tuesday, February 28th. One analyst has rated the stock with a sell rating and four have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $22.40.

CTO Realty Growth Trading Down 3.4 %

CTO opened at $16.27 on Monday. The business has a fifty day moving average price of $18.63 and a 200 day moving average price of $19.21. The stock has a market capitalization of $374.37 million, a price-to-earnings ratio of -212.21 and a beta of 0.81. CTO Realty Growth, Inc. has a 12 month low of $16.14 and a 12 month high of $23.07. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.58 and a quick ratio of 2.58.

CTO Realty Growth Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 31st. Investors of record on Thursday, March 9th will be given a $0.38 dividend. The ex-dividend date of this dividend is Wednesday, March 8th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 9.34%. CTO Realty Growth’s dividend payout ratio (DPR) is presently -1,982.52%.

CTO Realty Growth Profile

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CTO Realty Growth, Inc operates as a real estate company. It owns and manages commercial real estate properties. The company was founded in 1910 and is headquartered in Daytona Beach, FL.