Cwm LLC Boosts Holdings in CTO Realty Growth, Inc. (NYSE:CTO)

Cwm LLC grew its stake in shares of CTO Realty Growth, Inc. (NYSE:CTO) by 65.6% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 7,497 shares of the company’s stock after purchasing an additional 2,970 shares during the quarter. Cwm LLC’s holdings in CTO Realty Growth were worth $143,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of CTO. PNC Financial Services Group Inc. grew its stake in CTO Realty Growth by 19.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 11,963 shares of the company’s stock valued at $207,000 after acquiring an additional 1,925 shares in the last quarter. Commonwealth Equity Services LLC lifted its stake in CTO Realty Growth by 4.1% in the 1st quarter. Commonwealth Equity Services LLC now owns 34,236 shares of the company’s stock worth $580,000 after purchasing an additional 1,346 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of CTO Realty Growth by 11.9% during the 1st quarter. Russell Investments Group Ltd. now owns 393,252 shares of the company’s stock valued at $6,666,000 after purchasing an additional 41,938 shares during the last quarter. Vanguard Group Inc. grew its position in shares of CTO Realty Growth by 0.5% during the first quarter. Vanguard Group Inc. now owns 1,079,798 shares of the company’s stock valued at $18,303,000 after purchasing an additional 5,617 shares in the last quarter. Finally, EntryPoint Capital LLC bought a new stake in shares of CTO Realty Growth in the first quarter worth about $31,000. Institutional investors own 67.18% of the company’s stock.

Insider Activity at CTO Realty Growth

In other CTO Realty Growth news, Director Christopher W. Haga sold 3,000 shares of CTO Realty Growth stock in a transaction on Monday, September 9th. The shares were sold at an average price of $19.45, for a total transaction of $58,350.00. Following the completion of the transaction, the director now directly owns 44,988 shares of the company’s stock, valued at $875,016.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 5.00% of the stock is currently owned by insiders.

CTO Realty Growth Stock Performance

CTO Realty Growth stock opened at $19.70 on Friday. The company has a quick ratio of 3.42, a current ratio of 3.42 and a debt-to-equity ratio of 0.98. CTO Realty Growth, Inc. has a twelve month low of $15.64 and a twelve month high of $21.15. The company’s 50-day moving average price is $19.12 and its 200-day moving average price is $18.32. The company has a market cap of $452.04 million, a PE ratio of 35.82 and a beta of 0.76.

CTO Realty Growth (NYSE:CTO) last issued its quarterly earnings data on Thursday, July 25th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.42). The company had revenue of $28.85 million for the quarter, compared to the consensus estimate of $27.46 million. CTO Realty Growth had a return on equity of 3.55% and a net margin of 14.52%. During the same period in the previous year, the firm earned $0.48 earnings per share. On average, equities research analysts forecast that CTO Realty Growth, Inc. will post 1.78 EPS for the current fiscal year.

CTO Realty Growth Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 12th were given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 7.72%. The ex-dividend date was Thursday, September 12th. CTO Realty Growth’s dividend payout ratio is currently 276.36%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on CTO shares. Raymond James increased their price target on CTO Realty Growth from $20.00 to $22.00 and gave the company an “outperform” rating in a research note on Friday, August 16th. Alliance Global Partners upgraded CTO Realty Growth to a “strong-buy” rating in a research report on Friday, July 26th. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, CTO Realty Growth presently has a consensus rating of “Buy” and a consensus price target of $20.33.

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.