Dynamic Technology Lab Private Ltd Acquires Shares of 15,965 CTO Realty Growth, Inc. $CTO

Key Points

• Dynamic Technology Lab Private Ltd has invested approximately $308,000 in CTO Realty Growth, purchasing 15,965 shares of the company during the first quarter.
• Institutional investors own 67.18% of CTO Realty Growth's shares, with significant increases in holdings by firms such as Vanguard Group and MIRAE ASSET GLOBAL ETFS HOLDINGS.
• CTO Realty Growth is set to pay a quarterly dividend of $0.38 per share, representing a 9.2% dividend yield, with the ex-dividend date recent on September 11th.

Dynamic Technology Lab Private Ltd acquired a new stake in shares of CTO Realty Growth, Inc. (NYSE:CTO - Free Report) in the first quarter, according to its most recent disclosure with the SEC. The firm acquired 15,965 shares of the company's stock, valued at approximately $308,000.

Other hedge funds have also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of CTO Realty Growth by 1,861.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 320,899 shares of the company's stock worth $6,197,000 after acquiring an additional 304,536 shares during the last quarter. Truvestments Capital LLC lifted its stake in CTO Realty Growth by 40.4% in the 1st quarter. Truvestments Capital LLC now owns 230,045 shares of the company's stock worth $4,442,000 after purchasing an additional 66,183 shares in the last quarter. Worth Venture Partners LLC bought a new position in shares of CTO Realty Growth during the 1st quarter valued at about $518,000. Jump Financial LLC grew its position in shares of CTO Realty Growth by 84.4% during the first quarter. Jump Financial LLC now owns 50,554 shares of the company's stock valued at $976,000 after purchasing an additional 23,139 shares in the last quarter. Finally, APG Asset Management US Inc. increased its holdings in shares of CTO Realty Growth by 39.5% in the first quarter. APG Asset Management US Inc. now owns 460,001 shares of the company's stock worth $8,906,000 after purchasing an additional 130,238 shares during the last quarter. Hedge funds and other institutional investors own 67.18% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on CTO. Jones Trading dropped their price target on CTO Realty Growth from $22.00 to $21.00 and set a "buy" rating for the company in a research note on Wednesday, July 30th. Raymond James Financial reaffirmed a "strong-buy" rating on shares of CTO Realty Growth in a report on Friday, May 23rd. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company. According to data from MarketBeat, CTO Realty Growth has an average rating of "Buy" and a consensus target price of $22.00.

Insider Activity

In other news, CEO John P. Albright acquired 2,000 shares of CTO Realty Growth stock in a transaction that occurred on Thursday, September 11th. The shares were bought at an average cost of $16.38 per share, with a total value of $32,760.00. Following the transaction, the chief executive officer directly owned 634,547 shares of the company's stock, valued at $10,393,879.86. This trade represents a 0.32% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, Director George R. Brokaw acquired 2,000 shares of the firm's stock in a transaction on Thursday, June 26th. The stock was purchased at an average cost of $16.94 per share, with a total value of $33,880.00. Following the purchase, the director owned 91,701 shares of the company's stock, valued at $1,553,414.94. The trade was a 2.23% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought a total of 16,750 shares of company stock valued at $280,699 in the last 90 days. Company insiders own 4.00% of the company's stock.

CTO Realty Growth Trading Up 0.5%

Shares of NYSE CTO traded up $0.09 during trading hours on Thursday, hitting $16.46. 216,265 shares of the company traded hands, compared to its average volume of 248,796. The company's 50 day moving average price is $16.92 and its 200 day moving average price is $17.76. CTO Realty Growth, Inc. has a 12 month low of $16.12 and a 12 month high of $20.88. The stock has a market capitalization of $542.19 million, a price-to-earnings ratio of -14.31 and a beta of 0.74. The company has a current ratio of 4.94, a quick ratio of 4.94 and a debt-to-equity ratio of 1.05.

CTO Realty Growth Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Thursday, September 11th will be paid a $0.38 dividend. The ex-dividend date of this dividend is Thursday, September 11th. This represents a $1.52 annualized dividend and a dividend yield of 9.2%. CTO Realty Growth's dividend payout ratio is currently -132.17%.

About CTO Realty Growth

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.