CTO Realty Growth, Inc. (NYSE:CTO) Shares Sold by Quest Partners LLC

Quest Partners LLC cut its stake in CTO Realty Growth, Inc. (NYSE:CTO) by 86.0% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,362 shares of the company’s stock after selling 14,562 shares during the quarter. Quest Partners LLC’s holdings in CTO Realty Growth were worth $45,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of CTO. Ingalls & Snyder LLC increased its position in CTO Realty Growth by 223.2% during the second quarter. Ingalls & Snyder LLC now owns 395,870 shares of the company’s stock worth $6,912,000 after purchasing an additional 273,400 shares during the last quarter. Los Angeles Capital Management LLC purchased a new stake in shares of CTO Realty Growth in the 3rd quarter valued at approximately $1,794,000. LSV Asset Management increased its holdings in shares of CTO Realty Growth by 18.8% during the 2nd quarter. LSV Asset Management now owns 381,960 shares of the company’s stock worth $6,669,000 after buying an additional 60,480 shares during the last quarter. AQR Capital Management LLC raised its position in shares of CTO Realty Growth by 104.7% during the 2nd quarter. AQR Capital Management LLC now owns 103,805 shares of the company’s stock valued at $1,812,000 after buying an additional 53,083 shares during the period. Finally, Hsbc Holdings PLC lifted its holdings in CTO Realty Growth by 145.0% in the second quarter. Hsbc Holdings PLC now owns 88,707 shares of the company’s stock valued at $1,531,000 after acquiring an additional 52,500 shares during the last quarter. Hedge funds and other institutional investors own 67.18% of the company’s stock.

CTO Realty Growth Stock Down 0.1 %

Shares of CTO opened at $20.41 on Friday. The company’s 50-day simple moving average is $19.47 and its 200-day simple moving average is $18.82. The company has a debt-to-equity ratio of 0.88, a quick ratio of 3.96 and a current ratio of 3.96. CTO Realty Growth, Inc. has a 1 year low of $16.16 and a 1 year high of $21.15. The stock has a market capitalization of $611.89 million, a PE ratio of 34.59 and a beta of 0.76.

CTO Realty Growth (NYSE:CTO) last announced its earnings results on Thursday, October 24th. The company reported $0.17 earnings per share 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 business had revenue of $31.81 million for the quarter, compared to analysts’ expectations of $30.15 million. During the same period in the previous year, the company earned $0.48 earnings per share. Analysts forecast that CTO Realty Growth, Inc. will post 1.8 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. Investors of record on Thursday, December 12th will be issued a $0.38 dividend. The ex-dividend date is Thursday, December 12th. This represents a $1.52 annualized dividend and a yield of 7.45%. CTO Realty Growth’s dividend payout ratio (DPR) is 257.63%.

Insider Transactions at CTO Realty Growth

In other news, CEO John P. Albright sold 29,488 shares of the company’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $20.71, for a total transaction of $610,696.48. Following the completion of the transaction, the chief executive officer now directly owns 570,554 shares of the company’s stock, valued at approximately $11,816,173.34. This represents a 4.91 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Christopher W. Haga sold 3,000 shares of the firm’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $19.45, for a total value of $58,350.00. Following the sale, the director now directly owns 44,988 shares in the company, valued at $875,016.60. This trade represents a 6.25 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 5.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on CTO shares. Raymond James raised CTO Realty Growth from an “outperform” rating to a “strong-buy” rating and raised their target price for the stock from $22.00 to $24.00 in a research note on Wednesday, October 30th. StockNews.com cut CTO Realty Growth from a “hold” rating to a “sell” rating in a research note on Monday, October 28th. One investment analyst has rated the stock with a sell rating, two have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $21.00.

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.