Allspring Global Investments Holdings LLC Acquires 11,397 Shares of CTO Realty Growth, Inc. (NYSE:CTO)

Allspring Global Investments Holdings LLC raised its holdings in shares of CTO Realty Growth, Inc. (NYSE:CTO) by 830.7% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,769 shares of the company’s stock after acquiring an additional 11,397 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in CTO Realty Growth were worth $243,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of CTO Realty Growth by 0.5% in the first quarter. Vanguard Group Inc. now owns 1,079,798 shares of the company’s stock valued at $18,303,000 after buying an additional 5,617 shares in the last quarter. Grace & White Inc. NY grew its stake in shares of CTO Realty Growth by 0.4% in the second quarter. Grace & White Inc. NY now owns 604,041 shares of the company’s stock valued at $10,547,000 after buying an additional 2,602 shares in the last quarter. Ingalls & Snyder LLC grew its stake in shares of CTO Realty Growth by 223.2% in the second quarter. Ingalls & Snyder LLC now owns 395,870 shares of the company’s stock valued at $6,912,000 after buying an additional 273,400 shares in the last quarter. Russell Investments Group Ltd. grew its stake in shares of CTO Realty Growth by 11.9% in the first quarter. Russell Investments Group Ltd. now owns 393,252 shares of the company’s stock valued at $6,666,000 after buying an additional 41,938 shares in the last quarter. Finally, LSV Asset Management grew its stake in shares of CTO Realty Growth by 18.8% in the second quarter. LSV Asset Management now owns 381,960 shares of the company’s stock valued at $6,669,000 after buying an additional 60,480 shares in the last quarter. 67.18% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Alliance Global Partners raised shares of CTO Realty Growth to a “strong-buy” rating in a research note on Friday, July 26th. Raymond James raised CTO Realty Growth from an “outperform” rating to a “strong-buy” rating and raised their price target for the company from $22.00 to $24.00 in a report on Wednesday, October 30th. Finally, StockNews.com downgraded CTO Realty Growth from a “hold” rating to a “sell” rating in a report on Monday, October 28th. One research analyst has rated the stock with a sell rating, two have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $21.00.

Insider Transactions at CTO Realty Growth

In other news, Director Christopher W. Haga sold 3,000 shares of CTO Realty Growth stock in a transaction on Monday, September 9th. The stock was sold at an average price of $19.45, for a total transaction of $58,350.00. Following the completion of the sale, the director now owns 44,988 shares of the company’s stock, valued at approximately $875,016.60. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 5.30% of the company’s stock.

CTO Realty Growth Trading Up 0.3 %

Shares of CTO Realty Growth stock opened at $19.40 on Monday. The business has a fifty day simple moving average of $19.18 and a two-hundred day simple moving average of $18.44. CTO Realty Growth, Inc. has a 1 year low of $16.14 and a 1 year high of $21.15. The company has a market capitalization of $581.61 million, a price-to-earnings ratio of 32.88 and a beta of 0.76. The company has a debt-to-equity ratio of 0.88, a current ratio of 3.96 and a quick ratio of 3.96.

CTO Realty Growth (NYSE:CTO) last posted its earnings results on Thursday, October 24th. The company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $31.81 million for the quarter, compared to analyst estimates of $30.15 million. During the same period in the prior year, the business posted $0.48 EPS. Research analysts forecast that CTO Realty Growth, Inc. will post 1.79 EPS for the current year.

CTO Realty Growth Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 12th were issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 7.84%. The ex-dividend date of this dividend was Thursday, September 12th. CTO Realty Growth’s dividend payout ratio is currently 257.63%.

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.