Insider Buying: CTO Realty Growth, Inc. (NYSE:CTO) Major Shareholder Acquires $381,877.05 in Stock

CTO Realty Growth, Inc. (NYSE:CTO – Get Rating) major shareholder Cto Realty Growth, Inc. purchased 23,385 shares of CTO Realty Growth stock in a transaction that occurred on Monday, March 13th. The stock was purchased at an average price of $16.33 per share, with a total value of $381,877.05. Following the transaction, the insider now owns 67,225 shares in the company, valued at approximately $1,097,784.25. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Cto Realty Growth, Inc. also recently made the following trade(s):

• On Wednesday, March 15th, Cto Realty Growth, Inc. acquired 23,385 shares of CTO Realty Growth stock. The stock was bought at an average price of $16.20 per share, for a total transaction of $378,837.00.

CTO Realty Growth Stock Performance

Shares of CTO opened at $15.99 on Friday. The company’s fifty day moving average is $18.47 and its 200-day moving average is $19.08. CTO Realty Growth, Inc. has a 12 month low of $15.98 and a 12 month high of $23.07. The firm has a market cap of $367.93 million, a price-to-earnings ratio of -209.08 and a beta of 0.81. The company has a quick ratio of 2.58, a current ratio of 2.58 and a debt-to-equity ratio of 0.88.

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 paid 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 yield of 9.51%. CTO Realty Growth’s payout ratio is presently -1,982.52%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Dorsey Wright & Associates acquired a new position in CTO Realty Growth in the 4th quarter valued at $25,000. Hoese & Co LLP grew its stake in CTO Realty Growth by 200.0% in the 3rd quarter. Hoese & Co LLP now owns 1,482 shares of the company’s stock valued at $28,000 after buying an additional 988 shares during the last quarter. EMC Capital Management grew its stake in CTO Realty Growth by 107.7% in the 2nd quarter. EMC Capital Management now owns 1,485 shares of the company’s stock valued at $91,000 after buying an additional 770 shares during the last quarter. Lazard Asset Management LLC grew its stake in CTO Realty Growth by 94.5% in the 2nd quarter. Lazard Asset Management LLC now owns 1,546 shares of the company’s stock valued at $94,000 after buying an additional 751 shares during the last quarter. Finally, Captrust Financial Advisors acquired a new position in CTO Realty Growth in the 2nd quarter valued at $96,000. 47.48% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have weighed in on CTO shares. EF Hutton Acquisition Co. I reiterated a “buy” rating and issued a $23.00 price objective (down previously from $25.00) on shares of CTO Realty Growth in a research note on Friday, February 24th. Raymond James dropped their price objective on shares of CTO Realty Growth from $26.00 to $22.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 4th. BTIG Research dropped their price objective on shares of CTO Realty Growth from $24.00 to $21.00 in a research note on Tuesday, December 27th. B. Riley dropped their price target on shares of CTO Realty Growth from $23.00 to $20.00 and set a “buy” rating on the stock in a research note on Tuesday, February 28th. Finally, TheStreet lowered shares of CTO Realty Growth from a “b-” rating to a “c” rating in a research note on Thursday, December 1st. One research analyst has rated the stock with a sell rating and four have given a buy rating to the stock. According to MarketBeat, CTO Realty Growth currently has an average rating of “Moderate Buy” and an average price target of $22.40.

CTO Realty Growth Company Profile

(Get Rating)

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.