CTO Realty Growth, Inc. $CTO Shares Purchased by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. significantly increased its ownership in CTO Realty Growth, now holding 320,899 shares after acquiring an additional 304,536 shares, representing a 1,861.1% increase during the first quarter.
• CTO Realty Growth CEO John P. Albright purchased 3,800 shares of the company at an average cost of $17.05 per share, increasing his ownership to about 628,347 shares, valued at approximately $10.7 million.
• CTO Realty Growth announced a quarterly dividend of $0.38 per share, with a yield of 8.9%, set to be paid on September 30th to investors of record.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of CTO Realty Growth, Inc. (NYSE:CTO - Free Report) by 1,861.1% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 320,899 shares of the company's stock after acquiring an additional 304,536 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.97% of CTO Realty Growth worth $6,197,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Principal Financial Group Inc. lifted its stake 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 valued at $309,000 after buying an additional 859 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake 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 valued at $439,000 after buying an additional 993 shares in the last quarter. Resona Asset Management Co. Ltd. lifted its stake 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 valued at $221,000 after buying an additional 1,011 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake 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 valued at $273,000 after buying an additional 1,248 shares in the last quarter. Finally, Triumph Capital Management lifted its stake in CTO Realty Growth by 9.7% in the 1st quarter. Triumph Capital Management now owns 15,628 shares of the company's stock valued at $302,000 after buying an additional 1,388 shares in the last quarter. 67.18% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at CTO Realty Growth

In other CTO Realty Growth news, CEO John P. Albright bought 3,800 shares of CTO Realty Growth stock in a transaction dated Thursday, June 26th. The stock was acquired at an average cost of $17.05 per share, with a total value of $64,790.00. Following the completion of the acquisition, the chief executive officer owned 628,347 shares of the company's stock, valued at approximately $10,713,316.35. This represents a 0.61% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 purchased at an average cost of $16.94 per share, with a total value of $33,880.00. Following the completion of the acquisition, the director directly 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 disclosure for this purchase can be found here. Insiders purchased a total of 7,800 shares of company stock valued at $132,960 in the last quarter. 4.00% of the stock is owned by insiders.

CTO Realty Growth Stock Down 0.4%

Shares of NYSE CTO opened at $17.00 on Thursday. The company has a 50 day simple moving average of $17.04 and a 200-day simple moving average of $17.86. The company has a market capitalization of $559.82 million, a P/E ratio of -14.78 and a beta of 0.74. The company has a debt-to-equity ratio of 1.05, a current ratio of 4.94 and a quick ratio of 4.94. CTO Realty Growth, Inc. has a 1 year low of $16.12 and a 1 year high of $20.88.

CTO Realty Growth Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Thursday, September 11th will be issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 8.9%. The ex-dividend date is Thursday, September 11th. CTO Realty Growth's dividend payout ratio (DPR) is -132.17%.

Analyst Ratings Changes

CTO has been the topic of a number of research reports. Raymond James Financial reaffirmed a "strong-buy" rating on shares of CTO Realty Growth in a research note on Friday, May 23rd. Jones Trading decreased their target price on shares of 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 assigned a Buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $22.00.

CTO Realty Growth 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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