State of New Jersey Common Pension Fund D Has $2.55 Million Stock Position in CTO Realty Growth, Inc. (NYSE:CTO)

State of New Jersey Common Pension Fund D reduced its stake in shares of CTO Realty Growth, Inc. (NYSE:CTO) by 32.4% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 146,068 shares of the company’s stock after selling 69,932 shares during the period. State of New Jersey Common Pension Fund D’s holdings in CTO Realty Growth were worth $2,550,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Farmers & Merchants Investments Inc. acquired a new stake in CTO Realty Growth during the 2nd quarter worth approximately $26,000. EntryPoint Capital LLC acquired a new stake in CTO Realty Growth during the 1st quarter worth approximately $31,000. CWM LLC raised its holdings in CTO Realty Growth by 17.5% during the 2nd quarter. CWM LLC now owns 4,527 shares of the company’s stock worth $79,000 after buying an additional 673 shares during the period. Jump Financial LLC acquired a new stake in CTO Realty Growth during the 4th quarter worth approximately $192,000. Finally, PNC Financial Services Group Inc. raised its holdings in CTO Realty Growth by 19.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 11,963 shares of the company’s stock worth $207,000 after buying an additional 1,925 shares during the period. 67.18% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, major shareholder Cto Realty Growth, Inc. acquired 6,262 shares of CTO Realty Growth stock in a transaction on Friday, July 5th. The stock was purchased at an average cost of $15.00 per share, with a total value of $93,930.00. Following the completion of the transaction, the insider now directly owns 196,356 shares in the company, valued at approximately $2,945,340. The purchase was disclosed in a document filed with the SEC, which is available through this link. In other news, major shareholder Cto Realty Growth, Inc. bought 6,262 shares of the company’s stock in a transaction dated Friday, July 5th. The stock was bought at an average price of $15.00 per share, with a total value of $93,930.00. Following the completion of the acquisition, the insider now owns 196,356 shares of the company’s stock, valued at $2,945,340. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, 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 value of $58,350.00. Following the sale, the director now directly owns 44,988 shares of the company’s stock, valued at approximately $875,016.60. The disclosure for this sale can be found here. Insiders purchased a total of 20,783 shares of company stock valued at $311,441 over the last ninety days. 5.00% of the stock is currently owned by company insiders.

CTO Realty Growth Price Performance

NYSE:CTO opened at $19.30 on Thursday. The company has a current ratio of 3.42, a quick ratio of 3.42 and a debt-to-equity ratio of 0.98. The firm has a fifty day simple moving average of $19.18 and a 200 day simple moving average of $17.91. CTO Realty Growth, Inc. has a 1-year low of $15.63 and a 1-year high of $21.15. The stock has a market capitalization of $442.86 million, a PE ratio of 35.18 and a beta of 0.76.

CTO Realty Growth (NYSE:CTO) last released its quarterly earnings data on Thursday, July 25th. The company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.42). CTO Realty Growth had a return on equity of 3.55% and a net margin of 14.52%. The company had revenue of $28.85 million for the quarter, compared to the consensus estimate of $27.46 million. During the same period last year, the firm earned $0.48 earnings per share. On average, research analysts expect that CTO Realty Growth, Inc. will post 1.77 EPS for the current fiscal year.

CTO Realty Growth Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Thursday, September 12th will be given a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $1.52 dividend on an annualized basis and a yield of 7.88%. CTO Realty Growth’s dividend payout ratio (DPR) is 276.36%.

Analyst Upgrades and Downgrades

CTO has been the topic of several research analyst reports. Alliance Global Partners upgraded shares of CTO Realty Growth to a “strong-buy” rating in a report on Friday, July 26th. Raymond James raised their target price on shares of CTO Realty Growth from $20.00 to $22.00 and gave the company an “outperform” rating in a research note on Friday, August 16th. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average 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.