Insider Buying: CTO Realty Growth, Inc. (NYSE:CTO) CEO Acquires 3,800 Shares of Stock

CTO Realty Growth, Inc. (NYSE:CTO - Get Free Report) CEO John P. Albright acquired 3,800 shares of the stock in a transaction that occurred on Thursday, June 26th. The stock was purchased at an average price of $17.05 per share, for a total transaction of $64,790.00. Following the completion of the transaction, the chief executive officer now owns 628,347 shares in the company, valued at $10,713,316.35. The trade was a 0.61% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link.

CTO Realty Growth Price Performance

CTO Realty Growth stock traded up $0.03 during midday trading on Friday, reaching $17.33. The company's stock had a trading volume of 766,424 shares, compared to its average volume of 368,849. CTO Realty Growth, Inc. has a fifty-two week low of $16.12 and a fifty-two week high of $21.15. The company has a debt-to-equity ratio of 1.01, a quick ratio of 5.54 and a current ratio of 5.54. The stock's 50 day simple moving average is $18.12 and its 200 day simple moving average is $18.83. The firm has a market capitalization of $570.69 million, a PE ratio of 8.79 and a beta of 0.76.

CTO Realty Growth Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Thursday, June 12th will be issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 8.77%. The ex-dividend date is Thursday, June 12th. CTO Realty Growth's dividend payout ratio (DPR) is currently -370.73%.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. B. Riley reissued a "buy" rating and issued a $23.00 target price (up previously from $22.50) on shares of CTO Realty Growth in a report on Wednesday, March 5th. Wall Street Zen downgraded CTO Realty Growth from a "hold" rating to a "sell" rating in a report on Tuesday, May 13th. Finally, Raymond James Financial reissued a "strong-buy" rating on shares of CTO Realty Growth in a report on Friday, May 23rd.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Voya Investment Management LLC raised its stake in shares of CTO Realty Growth by 61.1% during the 1st quarter. Voya Investment Management LLC now owns 20,366 shares of the company's stock worth $393,000 after buying an additional 7,721 shares during the last quarter. Strs Ohio acquired a new position in shares of CTO Realty Growth during the 1st quarter worth $2,860,000. Jane Street Group LLC acquired a new position in shares of CTO Realty Growth during the 1st quarter worth $1,724,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of CTO Realty Growth during the 1st quarter worth $308,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of CTO Realty Growth by 1,861.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 320,899 shares of the company's stock worth $6,197,000 after buying an additional 304,536 shares during the last quarter. Institutional investors and hedge funds own 67.18% of the company's stock.

About CTO Realty Growth

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.