Prevail Innovative Wealth Advisors LLC boosted its stake in CTO Realty Growth, Inc. (NYSE:CTO - Free Report) by 15.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 234,835 shares of the company's stock after purchasing an additional 31,294 shares during the quarter. CTO Realty Growth comprises approximately 1.2% of Prevail Innovative Wealth Advisors LLC's portfolio, making the stock its 26th biggest holding. Prevail Innovative Wealth Advisors LLC owned approximately 0.74% of CTO Realty Growth worth $4,535,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of CTO Realty Growth by 118.6% in the fourth quarter. Vanguard Group Inc. now owns 2,514,789 shares of the company's stock worth $49,566,000 after purchasing an additional 1,364,637 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of CTO Realty Growth by 681.9% during the 4th quarter. Invesco Ltd. now owns 468,556 shares of the company's stock valued at $9,235,000 after buying an additional 408,632 shares in the last quarter. APG Asset Management US Inc. bought a new stake in shares of CTO Realty Growth during the 4th quarter valued at $6,500,000. BNP Paribas Financial Markets purchased a new position in shares of CTO Realty Growth in the 4th quarter worth about $6,485,000. Finally, Leeward Investments LLC MA raised its position in shares of CTO Realty Growth by 356.0% in the 1st quarter. Leeward Investments LLC MA now owns 394,793 shares of the company's stock worth $7,623,000 after purchasing an additional 308,213 shares during the last quarter. 67.18% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
CTO has been the subject of a number of recent analyst reports. Wall Street Zen lowered CTO Realty Growth from a "hold" rating to a "sell" rating in a research report on Tuesday, May 13th. Raymond James Financial reaffirmed a "strong-buy" rating on shares of CTO Realty Growth in a research report on Friday, May 23rd.
Get Our Latest Research Report on CTO
CTO Realty Growth Price Performance
Shares of NYSE CTO traded down $0.16 during midday trading on Friday, reaching $17.21. 149,175 shares of the stock traded hands, compared to its average volume of 376,813. The company has a debt-to-equity ratio of 1.01, a current ratio of 5.54 and a quick ratio of 5.54. The stock has a market capitalization of $566.73 million, a PE ratio of -41.96 and a beta of 0.73. CTO Realty Growth, Inc. has a one year low of $16.12 and a one year high of $21.15. The company's 50 day moving average is $17.95 and its 200 day moving average is $18.63.
CTO Realty Growth Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Thursday, June 12th were given a $0.38 dividend. The ex-dividend date was Thursday, June 12th. This represents a $1.52 dividend on an annualized basis and a yield of 8.83%. CTO Realty Growth's dividend payout ratio is presently -370.73%.
Insiders Place Their Bets
In other CTO Realty Growth news, CEO John P. Albright bought 3,800 shares of the firm's stock in a transaction dated 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 transaction, the chief executive officer owned 628,347 shares in the company, valued at $10,713,316.35. This trade represents a 0.61% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director George R. Brokaw bought 2,000 shares of the firm's stock in a transaction dated Thursday, June 26th. The shares were acquired at an average price of $16.94 per share, with a total value of $33,880.00. Following the completion of the transaction, the director owned 91,701 shares of the company's stock, valued at approximately $1,553,414.94. The trade was a 2.23% increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 7,800 shares of company stock valued at $132,960. 4.00% of the stock is owned by corporate insiders.
CTO Realty Growth Profile
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Free Report)
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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