APG Asset Management US Inc. Has $8.91 Million Stock Holdings in CTO Realty Growth, Inc. $CTO

Key Points

• APG Asset Management US Inc. increased its stake in CTO Realty Growth by 39.5%, owning approximately 1.40% of the company, valued at $8.91 million.
• CTO Realty Growth announced a quarterly dividend of $0.38 per share, providing an annualized yield of 9.0%, with the ex-dividend date set for September 11.
• Institutional investors currently own 67.18% of CTO Realty Growth, with other significant investors, including Vanguard, increasing their holdings during the recent quarter.

APG Asset Management US Inc. lifted its position in shares of CTO Realty Growth, Inc. (NYSE:CTO - Free Report) by 39.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 460,001 shares of the company's stock after acquiring an additional 130,238 shares during the quarter. APG Asset Management US Inc. owned approximately 1.40% of CTO Realty Growth worth $8,906,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. BNP Paribas Financial Markets bought a new stake in CTO Realty Growth during the 4th quarter worth approximately $6,485,000. Vanguard Group Inc. lifted its holdings in shares of CTO Realty Growth by 13.0% during the first 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. Leeward Investments LLC MA increased its holdings in CTO Realty Growth by 356.0% in the first quarter. Leeward Investments LLC MA now owns 394,793 shares of the company's stock valued at $7,623,000 after purchasing an additional 308,213 shares during the period. LSV Asset Management increased its holdings in CTO Realty Growth by 51.7% in the first quarter. LSV Asset Management now owns 578,917 shares of the company's stock valued at $11,179,000 after purchasing an additional 197,337 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in CTO Realty Growth during the 4th quarter worth about $3,787,000. 67.18% of the stock is currently owned by institutional investors.

Insider Buying and Selling at CTO Realty Growth

In related news, Director George R. Brokaw purchased 2,000 shares of the business's stock in a transaction that occurred on Thursday, June 26th. The shares were bought at an average cost of $16.94 per share, with a total value of $33,880.00. Following the acquisition, the director owned 91,701 shares of the company's stock, valued at $1,553,414.94. This represents a 2.23% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO John P. Albright acquired 3,800 shares of the firm's stock in a transaction that occurred on Thursday, June 26th. The shares were bought at an average price 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. The trade was a 0.61% increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 7,800 shares of company stock valued at $132,960. Insiders own 4.00% of the company's stock.

Analysts Set New Price Targets

CTO has been the subject of several recent research reports. 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 downgraded shares of CTO Realty Growth from a "hold" rating to a "sell" rating in a research note on Tuesday, May 13th. Finally, Jones Trading dropped their price objective on CTO Realty Growth from $22.00 to $21.00 and set a "buy" rating on the stock in a research note on Wednesday, July 30th. One investment analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company's stock. According to MarketBeat.com, CTO Realty Growth has an average rating of "Buy" and a consensus target price of $22.00.

CTO Realty Growth Stock Up 1.7%

CTO stock opened at $16.9140 on Friday. The company has a debt-to-equity ratio of 1.05, a quick ratio of 4.94 and a current ratio of 4.94. CTO Realty Growth, Inc. has a fifty-two week low of $16.12 and a fifty-two week high of $21.15. The stock's 50 day simple moving average is $17.19 and its 200 day simple moving average is $18.13. The company has a market cap of $557.15 million, a P/E ratio of -14.71 and a beta of 0.74.

CTO Realty Growth Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Thursday, September 11th will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 9.0%. The ex-dividend date of this dividend is Thursday, September 11th. CTO Realty Growth's dividend payout ratio (DPR) is presently -132.17%.

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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