CTO Realty Growth, Inc. (NYSE:CTO) SVP Acquires $17,000.00 in Stock

CTO Realty Growth, Inc. (NYSE:CTO - Get Free Report) SVP Daniel Earl Smith bought 1,000 shares of the business's stock in a transaction that occurred on Thursday, June 26th. The stock was purchased at an average cost of $17.00 per share, with a total value of $17,000.00. Following the purchase, the senior vice president now directly owns 193,496 shares in the company, valued at $3,289,432. The trade was a 0.52% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

CTO Realty Growth Trading Up 0.1%

CTO traded up $0.03 during midday trading on Friday, hitting $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 52-week low of $16.12 and a 52-week high of $21.15. The firm has a market cap of $570.69 million, a P/E ratio of 8.79 and a beta of 0.76. The company has a current ratio of 5.54, a quick ratio of 5.54 and a debt-to-equity ratio of 1.01. The firm has a 50-day moving average price of $18.12 and a two-hundred day moving average price of $18.83.

CTO Realty Growth Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Thursday, June 12th will be given a dividend of $0.38 per share. 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 presently -370.73%.

Institutional Trading of CTO Realty Growth

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

Wall Street Analyst Weigh In

Several research analysts recently weighed in on CTO shares. Raymond James Financial reissued a "strong-buy" rating on shares of CTO Realty Growth in a research note on Friday, May 23rd. Wall Street Zen cut CTO Realty Growth from a "hold" rating to a "sell" rating in a report on Tuesday, May 13th. Finally, B. Riley restated a "buy" rating and issued a $23.00 price target (up previously 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.