CTO Realty Growth, Inc. (NYSE:CTO) Stock Holdings Increased by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. boosted its holdings in shares of CTO Realty Growth, Inc. (NYSE:CTO) by 19.2% in the 4th quarter, Holdings Channel reports. The firm owned 11,963 shares of the company’s stock after buying an additional 1,925 shares during the period. PNC Financial Services Group Inc.’s holdings in CTO Realty Growth were worth $207,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. AJOVista LLC acquired a new stake in shares of CTO Realty Growth during the 4th quarter valued at $63,000. Jump Financial LLC acquired a new stake in shares of CTO Realty Growth during the fourth quarter worth $192,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of CTO Realty Growth by 25.7% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 12,449 shares of the company’s stock valued at $213,000 after purchasing an additional 2,543 shares during the last quarter. Quadrature Capital Ltd acquired a new position in shares of CTO Realty Growth in the 3rd quarter valued at $260,000. Finally, Nomura Asset Management Co. Ltd. increased its stake in CTO Realty Growth by 3.7% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 22,200 shares of the company’s stock worth $385,000 after purchasing an additional 800 shares in the last quarter. 67.18% of the stock is currently owned by institutional investors.

Insider Activity at CTO Realty Growth

In related news, major shareholder Cto Realty Growth, Inc. bought 7,959 shares of the firm’s stock in a transaction on Thursday, June 27th. The stock was bought at an average price of $14.97 per share, with a total value of $119,146.23. Following the purchase, the insider now directly owns 190,094 shares of the company’s stock, valued at approximately $2,845,707.18. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last three months, insiders have purchased 8,980 shares of company stock valued at $134,453. Corporate insiders own 5.00% of the company’s stock.

CTO Realty Growth Trading Up 0.7 %

Shares of NYSE CTO opened at $17.48 on Wednesday. The company has a current ratio of 4.74, a quick ratio of 4.74 and a debt-to-equity ratio of 1.17. CTO Realty Growth, Inc. has a one year low of $15.63 and a one year high of $18.03. The business has a 50-day moving average price of $17.47 and a two-hundred day moving average price of $17.09. The firm has a market capitalization of $401.05 million, a PE ratio of 31.77 and a beta of 0.76.

CTO Realty Growth Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Thursday, June 13th were issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 8.70%. The ex-dividend date of this dividend was Thursday, June 13th. CTO Realty Growth’s dividend payout ratio is currently 276.37%.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Alliance Global Partners began coverage on shares of CTO Realty Growth in a report on Monday, April 8th. They issued a “buy” rating and a $20.00 target price for the company. Jonestrading decreased their price objective on shares of CTO Realty Growth from $21.00 to $19.00 and set a “buy” rating for the company in a research note on Monday, May 6th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $19.33.

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.