George R. Brokaw Acquires 2,000 Shares of CTO Realty Growth, Inc. (NYSE:CTO) Stock

CTO Realty Growth, Inc. (NYSE:CTO - Get Free Report) Director George R. Brokaw bought 2,000 shares of CTO Realty Growth stock in a transaction that occurred 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 purchase, the director now owns 91,701 shares of the company's stock, valued at $1,553,414.94. This trade represents a 2.23% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink.

CTO Realty Growth Price Performance

CTO traded up $0.03 during midday trading on Friday, reaching $17.33. 766,424 shares of the company's stock were exchanged, compared to its average volume of 368,849. The firm has a market capitalization of $570.69 million, a price-to-earnings ratio of -42.26 and a beta of 0.76. The company has a quick ratio of 5.54, a current ratio of 5.54 and a debt-to-equity ratio of 1.01. CTO Realty Growth, Inc. has a one year low of $16.12 and a one year high of $21.15. The business has a 50-day simple moving average of $18.12 and a two-hundred day simple moving average of $18.83.

CTO Realty Growth Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Thursday, June 12th will be paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 8.77%. The ex-dividend date of this dividend is Thursday, June 12th. CTO Realty Growth's dividend payout ratio is -370.73%.

Analyst Ratings Changes

Several research firms recently weighed in on CTO. Raymond James Financial reiterated a "strong-buy" rating on shares of CTO Realty Growth in a research note on Friday, May 23rd. B. Riley reiterated a "buy" rating and issued a $23.00 target price (up previously from $22.50) on shares of CTO Realty Growth in a research note on Wednesday, March 5th. Finally, Wall Street Zen cut shares of CTO Realty Growth from a "hold" rating to a "sell" rating in a research note on Tuesday, May 13th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CTO. Voya Investment Management LLC increased its holdings in shares of CTO Realty Growth by 61.1% during the first quarter. Voya Investment Management LLC now owns 20,366 shares of the company's stock worth $393,000 after buying an additional 7,721 shares in the last quarter. Strs Ohio acquired a new stake in shares of CTO Realty Growth in the first quarter valued at approximately $2,860,000. Jane Street Group LLC acquired a new stake in shares of CTO Realty Growth in the first quarter valued at approximately $1,724,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of CTO Realty Growth in the first quarter valued at approximately $308,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of CTO Realty Growth by 1,861.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 320,899 shares of the company's stock valued at $6,197,000 after purchasing an additional 304,536 shares in the last quarter. Institutional investors own 67.18% 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.