26,802 Shares in CTO Realty Growth, Inc. $CTO Purchased by Worth Venture Partners LLC

Key Points

• Worth Venture Partners LLC has acquired 26,802 shares of CTO Realty Growth, Inc. valued at approximately $518,000, making it the firm's 13th largest position.
• The company declared a quarterly dividend of $0.38 per share, resulting in an annualized yield of 9.0%, with the ex-dividend date set for September 11th.
• CTO Realty Growth's stock has seen various institutional investments, with 67.18% of the shares owned by institutional investors as of the latest reporting period.

Worth Venture Partners LLC acquired a new position in CTO Realty Growth, Inc. (NYSE:CTO - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 26,802 shares of the company's stock, valued at approximately $518,000. CTO Realty Growth makes up approximately 1.0% of Worth Venture Partners LLC's holdings, making the stock its 13th biggest position. Worth Venture Partners LLC owned about 0.08% of CTO Realty Growth at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Principal Financial Group Inc. increased its holdings in CTO Realty Growth by 5.7% in the 1st quarter. Principal Financial Group Inc. now owns 15,998 shares of the company's stock worth $309,000 after buying an additional 859 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in CTO Realty Growth by 4.7% in the 4th quarter. The Manufacturers Life Insurance Company now owns 22,290 shares of the company's stock worth $439,000 after buying an additional 993 shares in the last quarter. Resona Asset Management Co. Ltd. increased its holdings in CTO Realty Growth by 9.7% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 11,435 shares of the company's stock worth $221,000 after buying an additional 1,011 shares in the last quarter. Guggenheim Capital LLC increased its holdings in CTO Realty Growth by 5.1% in the 4th quarter. Guggenheim Capital LLC now owns 24,087 shares of the company's stock worth $475,000 after buying an additional 1,172 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its holdings in CTO Realty Growth by 9.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 14,156 shares of the company's stock worth $273,000 after buying an additional 1,248 shares in the last quarter. 67.18% of the stock is currently owned by institutional investors.

CTO Realty Growth Stock Performance

NYSE:CTO opened at $16.9140 on Monday. The stock has a 50-day simple moving average of $17.19 and a two-hundred day simple moving average of $18.10. CTO Realty Growth, Inc. has a 52-week low of $16.12 and a 52-week high of $21.15. The company has a debt-to-equity ratio of 1.05, a quick ratio of 4.94 and a current ratio of 4.94. The firm has a market capitalization of $557.15 million, a PE ratio of -14.71 and a beta of 0.74.

CTO Realty Growth Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Thursday, September 11th will be issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 9.0%. The ex-dividend date of this dividend is Thursday, September 11th. CTO Realty Growth's payout ratio is currently -132.17%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CTO. Jones Trading lowered their target price on CTO Realty Growth from $22.00 to $21.00 and set a "buy" rating on the stock in a report on Wednesday, July 30th. Raymond James Financial reissued a "strong-buy" rating on shares of CTO Realty Growth in a report on Friday, May 23rd. Finally, Wall Street Zen downgraded CTO Realty Growth from a "hold" rating to a "sell" rating in a report on Tuesday, May 13th. One equities research analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company's stock. According to data from MarketBeat, CTO Realty Growth currently has an average rating of "Buy" and an average target price of $22.00.

Insider Activity

In related news, Director George R. Brokaw purchased 2,000 shares of the business's stock in a transaction on Thursday, June 26th. The stock was acquired at an average price of $16.94 per share, with a total value of $33,880.00. Following the completion of the acquisition, the director owned 91,701 shares of the company's stock, valued at approximately $1,553,414.94. This trade represents a 2.23% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO John P. Albright purchased 3,800 shares of the business's stock in a transaction on Thursday, June 26th. The shares were bought at an average cost of $17.05 per share, with a total value of $64,790.00. Following the acquisition, the chief executive officer directly owned 628,347 shares of the company's stock, valued at $10,713,316.35. This trade represents a 0.61% increase in their position. The disclosure for this purchase can be found here. Insiders have acquired 7,800 shares of company stock valued at $132,960 in the last three months. 4.00% of the stock is currently owned by corporate insiders.

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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