1,500 Shares in CTO Realty Growth, Inc. (NYSE:CTO) Purchased by Farmers & Merchants Investments Inc.

Farmers & Merchants Investments Inc. acquired a new stake in shares of CTO Realty Growth, Inc. (NYSE:CTO) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 1,500 shares of the company’s stock, valued at approximately $26,000.

Other large investors have also modified their holdings of the company. EntryPoint Capital LLC bought a new position in CTO Realty Growth during the 1st quarter worth $31,000. CWM LLC boosted its position in shares of CTO Realty Growth by 17.5% during the 2nd quarter. CWM LLC now owns 4,527 shares of the company’s stock valued at $79,000 after purchasing an additional 673 shares in the last quarter. Jump Financial LLC bought a new stake in CTO Realty Growth during the fourth quarter worth approximately $192,000. PNC Financial Services Group Inc. grew its holdings in shares of CTO Realty Growth by 19.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 11,963 shares of the company’s stock worth $207,000 after acquiring an additional 1,925 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in CTO Realty Growth by 25.7% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 12,449 shares of the company’s stock worth $213,000 after purchasing an additional 2,543 shares in the last quarter. Institutional investors own 67.18% of the company’s stock.

CTO Realty Growth Price Performance

CTO opened at $19.24 on Friday. The stock has a market capitalization of $441.48 million, a P/E ratio of 34.98 and a beta of 0.76. The company has a debt-to-equity ratio of 0.98, a current ratio of 3.42 and a quick ratio of 3.42. The company’s 50 day simple moving average is $18.91 and its 200-day simple moving average is $17.79. CTO Realty Growth, Inc. has a one year low of $15.63 and a one year high of $20.28.

CTO Realty Growth (NYSE:CTO) last posted its earnings results on Thursday, July 25th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate 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 analyst estimates of $27.46 million. During the same quarter in the previous year, the firm posted $0.48 earnings per share. Sell-side analysts anticipate that CTO Realty Growth, Inc. will post 1.61 earnings per share for the current fiscal year.

CTO Realty Growth Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Thursday, September 12th will be paid a dividend of $0.38 per share. The ex-dividend date is Thursday, September 12th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 7.90%. CTO Realty Growth’s dividend payout ratio is 276.36%.

Insider Activity at CTO Realty Growth

In related news, major shareholder Cto Realty Growth, Inc. acquired 7,959 shares of the firm’s stock in a transaction on Thursday, June 27th. The shares were purchased at an average cost of $14.97 per share, for a total transaction of $119,146.23. Following the completion of the acquisition, the insider now directly owns 190,094 shares in the company, valued at $2,845,707.18. The purchase was disclosed in a filing with the SEC, which is available at this link. In other news, major shareholder Cto Realty Growth, Inc. acquired 7,959 shares of CTO Realty Growth stock in a transaction on Thursday, June 27th. The shares were purchased at an average cost of $14.97 per share, for a total transaction of $119,146.23. Following the completion of 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 accessible through this link. Also, Director Christopher W. Haga sold 3,000 shares of CTO Realty Growth stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $19.19, for a total value of $57,570.00. Following the completion of the transaction, the director now owns 44,988 shares in the company, valued at approximately $863,319.72. The disclosure for this sale can be found here. Over the last ninety days, insiders purchased 21,613 shares of company stock valued at $323,882. Insiders own 5.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Raymond James increased their target price on shares of CTO Realty Growth from $20.00 to $22.00 and gave the stock an “outperform” rating in a research report on Friday, August 16th. Alliance Global Partners upgraded shares of CTO Realty Growth to a “strong-buy” rating in a research note on Friday, July 26th. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, CTO Realty Growth currently has a consensus rating of “Buy” and an average target price of $20.33.

CTO Realty Growth Company 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.