CTO Realty Growth, Inc. (NYSE:CTO) CFO Acquires $17,290.00 in Stock

CTO Realty Growth, Inc. (NYSE:CTO - Get Free Report) CFO Philip Mays purchased 1,000 shares of the business's stock in a transaction on Thursday, June 26th. The stock was bought at an average cost of $17.29 per share, for a total transaction of $17,290.00. Following the purchase, the chief financial officer now owns 13,841 shares of the company's stock, valued at approximately $239,310.89. This represents a 7.79% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

CTO Realty Growth Stock Up 1.1%

NYSE:CTO traded up $0.19 during trading hours on Thursday, reaching $17.29. 918,099 shares of the stock were exchanged, compared to its average volume of 366,316. The stock has a market cap of $569.40 million, a PE ratio of 8.68 and a beta of 0.75. CTO Realty Growth, Inc. has a twelve month low of $16.12 and a twelve month high of $21.15. The firm has a 50 day moving average of $18.16 and a 200 day moving average of $18.89. The company has a debt-to-equity ratio of 1.01, a current ratio of 5.54 and a quick ratio of 5.54.

CTO Realty Growth Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Thursday, June 12th will be given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 8.79%. The ex-dividend date of this dividend is Thursday, June 12th. CTO Realty Growth's dividend payout ratio is presently -370.73%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. New York State Teachers Retirement System acquired a new stake in CTO Realty Growth in the 1st quarter valued at $51,000. Summit Investment Advisors Inc. boosted its stake in shares of CTO Realty Growth by 39.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 3,020 shares of the company's stock worth $60,000 after buying an additional 852 shares during the last quarter. NewEdge Advisors LLC grew its holdings in shares of CTO Realty Growth by 300.0% in the 4th quarter. NewEdge Advisors LLC now owns 4,000 shares of the company's stock valued at $79,000 after acquiring an additional 3,000 shares in the last quarter. Daiwa Securities Group Inc. increased its position in shares of CTO Realty Growth by 32.3% in the fourth quarter. Daiwa Securities Group Inc. now owns 8,666 shares of the company's stock valued at $171,000 after acquiring an additional 2,118 shares during the last quarter. Finally, Lazard Asset Management LLC acquired a new stake in shares of CTO Realty Growth in the fourth quarter valued at about $179,000. Institutional investors own 67.18% of the company's stock.

Analysts Set New Price Targets

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

CTO Realty Growth Company Profile

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.

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