Barclays PLC Has $1.06 Million Position in CTO Realty Growth, Inc. (NYSE:CTO)

Barclays PLC lifted its position in shares of CTO Realty Growth, Inc. (NYSE:CTO) by 251.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 55,911 shares of the company’s stock after purchasing an additional 39,986 shares during the period. Barclays PLC’s holdings in CTO Realty Growth were worth $1,063,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Bank of New York Mellon Corp lifted its holdings in CTO Realty Growth by 6.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 138,472 shares of the company’s stock valued at $2,418,000 after purchasing an additional 8,172 shares during the last quarter. Rhumbline Advisers lifted its stake in shares of CTO Realty Growth by 1.3% during the 2nd quarter. Rhumbline Advisers now owns 45,665 shares of the company’s stock worth $797,000 after buying an additional 606 shares during the last quarter. Farmers & Merchants Investments Inc. bought a new stake in shares of CTO Realty Growth during the 2nd quarter worth about $26,000. LSV Asset Management grew its stake in CTO Realty Growth by 18.8% in the 2nd 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 during the last quarter. Finally, Quest Partners LLC raised its holdings in CTO Realty Growth by 75.4% in the 2nd quarter. Quest Partners LLC now owns 16,924 shares of the company’s stock valued at $295,000 after acquiring an additional 7,276 shares during the period. 67.18% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

CTO Realty Growth Price Performance

Shares of NYSE:CTO opened at $19.63 on Tuesday. The firm has a 50 day moving average of $19.87 and a 200-day moving average of $19.16. CTO Realty Growth, Inc. has a 12 month low of $16.16 and a 12 month high of $21.15. The company has a current ratio of 3.96, a quick ratio of 3.96 and a debt-to-equity ratio of 0.88. The stock has a market capitalization of $588.43 million, a PE ratio of 33.27 and a beta of 0.77.

CTO Realty Growth (NYSE:CTO) last announced its quarterly earnings data 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 net margin of 17.10% and a return on equity of 4.04%. The firm 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 firm earned $0.48 earnings per share. On average, equities research analysts predict that CTO Realty Growth, Inc. will post 1.8 EPS for the current fiscal year.

CTO Realty Growth Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Thursday, December 12th will be given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 7.74%. The ex-dividend date of this dividend is Thursday, December 12th. CTO Realty Growth’s dividend payout ratio is presently 257.63%.

Insiders Place Their Bets

In other news, CEO John P. Albright sold 29,488 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $20.71, for a total value of $610,696.48. Following the completion of the transaction, the chief executive officer now directly owns 570,554 shares in the company, valued at approximately $11,816,173.34. This represents a 4.91 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 5.30% of the company’s stock.

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.