Leeward Investments LLC MA Raises Stock Position in CTO Realty Growth, Inc. (NYSE:CTO)

Leeward Investments LLC MA grew its holdings in CTO Realty Growth, Inc. (NYSE:CTO - Free Report) by 356.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 394,793 shares of the company's stock after acquiring an additional 308,213 shares during the period. Leeward Investments LLC MA owned about 1.24% of CTO Realty Growth worth $7,623,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Summit Investment Advisors Inc. raised its stake in shares of CTO Realty Growth by 39.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 3,020 shares of the company's stock valued at $60,000 after acquiring an additional 852 shares during the period. Principal Financial Group Inc. raised its stake in shares of 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 acquiring an additional 859 shares during the period. The Manufacturers Life Insurance Company raised its stake in shares of 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. PNC Financial Services Group Inc. raised its stake in shares of CTO Realty Growth by 9.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 12,908 shares of the company's stock valued at $254,000 after acquiring an additional 1,159 shares during the period. Finally, Guggenheim Capital LLC raised its stake in shares of CTO Realty Growth by 5.1% in the 4th quarter. Guggenheim Capital LLC now owns 24,087 shares of the company's stock valued at $475,000 after acquiring an additional 1,172 shares during the period. Hedge funds and other institutional investors own 67.18% of the company's stock.

Analyst Ratings Changes

CTO has been the subject of a number of recent analyst reports. Wall Street Zen lowered shares of CTO Realty Growth from a "hold" rating to a "sell" rating in a report on Tuesday, May 13th. Raymond James Financial reaffirmed a "strong-buy" rating on shares of CTO Realty Growth in a report on Friday, May 23rd.

CTO Realty Growth Price Performance

CTO opened at $17.69 on Friday. The company has a fifty day simple moving average of $18.07 and a 200 day simple moving average of $18.75. The firm has a market cap of $582.71 million, a price-to-earnings ratio of -43.15 and a beta of 0.73. CTO Realty Growth, Inc. has a twelve month low of $16.12 and a twelve month high of $21.15. The company has a current ratio of 5.54, a quick ratio of 5.54 and a debt-to-equity ratio of 1.01.

CTO Realty Growth Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Thursday, June 12th were issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 8.59%. The ex-dividend date was Thursday, June 12th. CTO Realty Growth's payout ratio is -370.73%.

Insiders Place Their Bets

In related news, Director George R. Brokaw acquired 2,000 shares of the firm's stock in a transaction on Thursday, June 26th. The stock was bought at an average cost of $16.94 per share, with a total value of $33,880.00. Following the acquisition, the director directly owned 91,701 shares in the company, valued at approximately $1,553,414.94. The trade was a 2.23% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO John P. Albright acquired 3,800 shares of the firm'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 completion of the acquisition, the chief executive officer owned 628,347 shares in the company, valued at $10,713,316.35. This represents a 0.61% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 7,800 shares of company stock valued at $132,960. Company insiders own 4.00% of the company's stock.

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.

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