CTO Realty Growth, Inc. (NYSE:CTO) CFO Philip Mays Buys 1,000 Shares

CTO Realty Growth, Inc. (NYSE:CTO - Get Free Report) CFO Philip Mays purchased 1,000 shares of the company's stock in a transaction dated Thursday, June 26th. The shares were acquired at an average price of $17.29 per share, for a total transaction of $17,290.00. Following the purchase, the chief financial officer now directly owns 13,841 shares of the company's stock, valued at approximately $239,310.89. The trade was a 7.79% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.

CTO Realty Growth Stock Performance

Shares of CTO traded up $0.03 during trading hours on Friday, hitting $17.33. The stock had a trading volume of 766,424 shares, compared to its average volume of 368,849. 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 firm has a 50-day moving average price of $18.12 and a 200 day moving average price of $18.84. CTO Realty Growth, Inc. has a fifty-two week low of $16.12 and a fifty-two week high of $21.15. The firm has a market capitalization of $570.69 million, a price-to-earnings ratio of -42.26 and a beta of 0.75.

CTO Realty Growth Dividend Announcement

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

Institutional Investors Weigh In On CTO Realty Growth

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in CTO Realty Growth by 13.0% in the 1st quarter. Vanguard Group Inc. now owns 2,842,294 shares of the company's stock worth $54,885,000 after acquiring an additional 327,505 shares in the last quarter. Geode Capital Management LLC increased its holdings in CTO Realty Growth by 30.9% in the 4th quarter. Geode Capital Management LLC now owns 679,893 shares of the company's stock worth $13,403,000 after acquiring an additional 160,593 shares in the last quarter. LSV Asset Management increased its holdings in CTO Realty Growth by 51.7% in the 1st quarter. LSV Asset Management now owns 578,917 shares of the company's stock worth $11,179,000 after acquiring an additional 197,337 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in CTO Realty Growth by 14.5% in the 1st quarter. Russell Investments Group Ltd. now owns 536,686 shares of the company's stock worth $10,366,000 after acquiring an additional 67,846 shares in the last quarter. Finally, Two Sigma Advisers LP increased its holdings in CTO Realty Growth by 29.1% in the 4th quarter. Two Sigma Advisers LP now owns 509,701 shares of the company's stock worth $10,046,000 after acquiring an additional 115,000 shares in the last quarter. Hedge funds and other institutional investors own 67.18% of the company's stock.

Analyst Ratings Changes

Several analysts have commented on the stock. B. Riley restated a "buy" rating and set a $23.00 price objective (up from $22.50) on shares of CTO Realty Growth in a research note on Wednesday, March 5th. Raymond James Financial restated a "strong-buy" rating on shares of CTO Realty Growth in a research note on Friday, May 23rd. Finally, Wall Street Zen cut shares of CTO Realty Growth from a "hold" rating to a "sell" rating in a research note on Tuesday, May 13th.

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.