Prevail Innovative Wealth Advisors LLC Boosts Holdings in CTO Realty Growth, Inc. (NYSE:CTO)

Prevail Innovative Wealth Advisors LLC increased its stake in CTO Realty Growth, Inc. (NYSE:CTO - Free Report) by 15.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 234,835 shares of the company's stock after acquiring an additional 31,294 shares during the period. CTO Realty Growth makes up approximately 1.2% of Prevail Innovative Wealth Advisors LLC's investment portfolio, making the stock its 26th biggest position. Prevail Innovative Wealth Advisors LLC owned 0.74% of CTO Realty Growth worth $4,535,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. New York State Teachers Retirement System purchased a new stake in CTO Realty Growth in the first quarter worth about $51,000. Summit Investment Advisors Inc. boosted its holdings in CTO Realty Growth by 39.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 3,020 shares of the company's stock worth $60,000 after acquiring an additional 852 shares in the last quarter. NewEdge Advisors LLC grew its position in CTO Realty Growth by 300.0% during the 4th quarter. NewEdge Advisors LLC now owns 4,000 shares of the company's stock worth $79,000 after purchasing an additional 3,000 shares during the last quarter. Daiwa Securities Group Inc. raised its stake in CTO Realty Growth by 32.3% in the 4th quarter. Daiwa Securities Group Inc. now owns 8,666 shares of the company's stock worth $171,000 after acquiring an additional 2,118 shares during the last quarter. Finally, Lazard Asset Management LLC acquired a new stake in shares of CTO Realty Growth during the fourth quarter worth about $179,000. Hedge funds and other institutional investors own 67.18% of the company's stock.

CTO Realty Growth Price Performance

Shares of CTO stock traded down $0.44 during trading hours on Tuesday, reaching $17.31. The company had a trading volume of 262,358 shares, compared to its average volume of 377,849. CTO Realty Growth, Inc. has a 12-month low of $16.12 and a 12-month high of $21.15. The company has a debt-to-equity ratio of 1.01, a quick ratio of 5.54 and a current ratio of 5.54. The company has a market capitalization of $570.10 million, a price-to-earnings ratio of -42.22 and a beta of 0.73. The stock has a fifty day moving average of $17.99 and a 200-day moving average of $18.67.

CTO Realty Growth Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Thursday, June 12th were issued a $0.38 dividend. The ex-dividend date was Thursday, June 12th. This represents a $1.52 annualized dividend and a yield of 8.78%. CTO Realty Growth's payout ratio is -370.73%.

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 on Thursday, June 26th. The shares were bought at an average price of $17.05 per share, for a total transaction of $64,790.00. Following the completion of the transaction, the chief executive officer directly owned 628,347 shares of the company's stock, valued at $10,713,316.35. This trade represents a 0.61% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, Director George R. Brokaw acquired 2,000 shares of the business's stock in a transaction that occurred on Thursday, June 26th. The shares were acquired at an average cost of $16.94 per share, with a total value of $33,880.00. Following the completion of the transaction, 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 position. The disclosure for this purchase can be found here. Insiders purchased 7,800 shares of company stock valued at $132,960 over the last quarter. 4.00% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. 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 restated a "strong-buy" rating on shares of CTO Realty Growth in a research report on Friday, May 23rd.

CTO Realty Growth Company 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.