Jump Financial LLC Has $976,000 Stock Holdings in CTO Realty Growth, Inc. $CTO

Key Points

• Jump Financial LLC increased its stake in CTO Realty Growth, Inc. by 84.4% after purchasing an additional 23,139 shares, bringing its total ownership to approximately $976,000.
• Wall Street analysts maintain a consensus rating of "Buy" for CTO Realty Growth, with a price target averaging $22.00, despite a recent downgrade by Wall Street Zen.
• CTO Realty Growth announced a quarterly dividend of $0.38 per share, yielding 8.8%, which will be paid to stockholders on September 30th.

Jump Financial LLC boosted its stake in CTO Realty Growth, Inc. (NYSE:CTO - Free Report) by 84.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 50,554 shares of the company's stock after purchasing an additional 23,139 shares during the period. Jump Financial LLC owned about 0.15% of CTO Realty Growth worth $976,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. bought a new position in CTO Realty Growth in the 1st quarter valued at approximately $199,000. GAMMA Investing LLC increased its position in CTO Realty Growth by 2,033.9% in the 1st quarter. GAMMA Investing LLC now owns 26,802 shares of the company's stock valued at $518,000 after acquiring an additional 25,546 shares during the period. Allspring Global Investments Holdings LLC increased its position in CTO Realty Growth by 54.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 19,711 shares of the company's stock valued at $381,000 after acquiring an additional 6,912 shares during the period. New York State Teachers Retirement System acquired a new position in CTO Realty Growth in the 1st quarter valued at approximately $51,000. Finally, The Manufacturers Life Insurance Company increased its position 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 acquiring an additional 993 shares during the period. Institutional investors own 67.18% of the company's stock.

CTO Realty Growth Trading Up 1.2%

Shares of CTO traded up $0.21 during trading hours on Thursday, hitting $17.34. 154,450 shares of the stock were exchanged, compared to its average volume of 224,180. CTO Realty Growth, Inc. has a fifty-two week low of $16.12 and a fifty-two week high of $21.15. The company has a debt-to-equity ratio of 1.05, a current ratio of 4.94 and a quick ratio of 4.94. The business has a 50-day moving average of $17.06 and a 200-day moving average of $17.94. The firm has a market capitalization of $571.31 million, a P/E ratio of -15.08 and a beta of 0.74.

CTO Realty Growth Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Thursday, September 11th will be given a dividend of $0.38 per share. The ex-dividend date is Thursday, September 11th. This represents a $1.52 annualized dividend and a dividend yield of 8.8%. CTO Realty Growth's dividend payout ratio is -132.17%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on CTO. Raymond James Financial restated a "strong-buy" rating on shares of CTO Realty Growth in a research report on Friday, May 23rd. Jones Trading decreased their price target on shares of CTO Realty Growth from $22.00 to $21.00 and set a "buy" rating for the company in a research report on Wednesday, July 30th. Finally, Wall Street Zen cut shares of CTO Realty Growth from a "hold" rating to a "sell" rating in a research report on Tuesday, May 13th. One analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $22.00.

Insider Buying and Selling at CTO Realty Growth

In related news, CEO John P. Albright purchased 3,800 shares of CTO Realty Growth stock in a transaction on Thursday, June 26th. The stock was acquired at an average cost of $17.05 per share, for a total transaction 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 $10,713,316.35. This trade represents a 0.61% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director George R. Brokaw purchased 2,000 shares of CTO Realty Growth stock in a transaction on Thursday, June 26th. The stock was bought 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 directly 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 disclosure for this purchase can be found here. Over the last quarter, insiders have bought 7,800 shares of company stock valued at $132,960. 4.00% of the stock is currently owned by corporate insiders.

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.