CTO Realty Growth, Inc. (NYSE:CTO) Shares Acquired by Truvestments Capital LLC

Truvestments Capital LLC increased its stake in shares of CTO Realty Growth, Inc. (NYSE:CTO) by 0.4% in the 3rd quarter, HoldingsChannel reports. The firm owned 155,734 shares of the company’s stock after purchasing an additional 551 shares during the period. Truvestments Capital LLC’s holdings in CTO Realty Growth were worth $2,962,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Farmers & Merchants Investments Inc. purchased a new position in shares of CTO Realty Growth in the 2nd quarter valued at about $26,000. EntryPoint Capital LLC purchased a new position in CTO Realty Growth in the first quarter worth approximately $31,000. Signaturefd LLC grew its holdings in CTO Realty Growth by 45.4% during the 3rd quarter. Signaturefd LLC now owns 1,785 shares of the company’s stock worth $34,000 after acquiring an additional 557 shares in the last quarter. Copeland Capital Management LLC purchased a new stake in shares of CTO Realty Growth in the 3rd quarter valued at approximately $49,000. Finally, CWM LLC raised its holdings in shares of CTO Realty Growth by 17.5% in the 2nd quarter. CWM LLC now owns 4,527 shares of the company’s stock valued at $79,000 after purchasing an additional 673 shares in the last quarter. Hedge funds and other institutional investors own 67.18% of the company’s stock.

CTO Realty Growth Stock Up 1.0 %

CTO stock opened at $20.00 on Monday. The stock has a market cap of $599.60 million, a P/E ratio of 33.58 and a beta of 0.76. The company has a current ratio of 3.96, a quick ratio of 3.96 and a debt-to-equity ratio of 0.88. CTO Realty Growth, Inc. has a twelve month low of $16.16 and a twelve month high of $21.15. The company’s 50 day moving average is $19.38 and its two-hundred day moving average is $18.73.

CTO Realty Growth (NYSE:CTO) last announced its quarterly earnings results on Thursday, October 24th. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.27). CTO Realty Growth had a return on equity of 4.04% and a net margin of 17.10%. The company had revenue of $31.81 million for the quarter, compared to analyst estimates of $30.15 million. During the same quarter in the prior year, the business earned $0.48 earnings per share. Research analysts expect that CTO Realty Growth, Inc. will post 1.79 earnings per share for the current fiscal year.

CTO Realty Growth Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Thursday, December 12th will be issued a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 7.60%. The ex-dividend date of this dividend is Thursday, December 12th. CTO Realty Growth’s payout ratio is currently 257.63%.

Analyst Ratings Changes

CTO has been the subject of several recent analyst reports. Raymond James raised shares of CTO Realty Growth from an “outperform” rating to a “strong-buy” rating and lifted their price objective for the stock from $22.00 to $24.00 in a research report on Wednesday, October 30th. StockNews.com downgraded CTO Realty Growth from a “hold” rating to a “sell” rating in a report on Monday, October 28th. One investment analyst has rated the stock with a sell rating, two have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $21.00.

Insider Activity at CTO Realty Growth

In related news, Director Christopher W. Haga sold 3,000 shares of the company’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $19.19, for a total value of $57,570.00. Following the completion of the sale, the director now owns 44,988 shares in the company, valued at $863,319.72. This represents a 6.25 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO John P. Albright sold 29,488 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $20.71, for a total transaction of $610,696.48. Following the transaction, the chief executive officer now directly owns 570,554 shares in the company, valued at $11,816,173.34. The trade was a 4.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 35,488 shares of company stock valued at $726,616 in the last three months. 5.30% of the stock is currently owned by company 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.