Sequoia Financial Advisors LLC Invests $404,000 in CTO Realty Growth, Inc. (NYSE:CTO)

Sequoia Financial Advisors LLC acquired a new stake in CTO Realty Growth, Inc. (NYSE:CTO) in the third quarter, Holdings Channel reports. The firm acquired 21,224 shares of the company’s stock, valued at approximately $404,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Copeland Capital Management LLC bought a new stake in shares of CTO Realty Growth in the 3rd quarter valued at about $49,000. Allspring Global Investments Holdings LLC lifted its stake in shares of CTO Realty Growth by 830.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 12,769 shares of the company’s stock worth $243,000 after acquiring an additional 11,397 shares during the period. Creative Planning bought a new stake in CTO Realty Growth in the third quarter valued at approximately $237,000. CWM LLC boosted its holdings in CTO Realty Growth by 65.6% in the third quarter. CWM LLC now owns 7,497 shares of the company’s stock valued at $143,000 after acquiring an additional 2,970 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new stake in CTO Realty Growth during the 3rd quarter valued at approximately $176,000. 67.18% of the stock is currently owned by institutional investors and hedge funds.

CTO Realty Growth Price Performance

Shares of CTO opened at $19.56 on Monday. The firm has a market cap of $448.82 million, a PE ratio of 35.56 and a beta of 0.76. CTO Realty Growth, Inc. has a 52-week low of $15.64 and a 52-week high of $21.15. The business’s 50 day moving average price is $19.13 and its two-hundred day moving average price is $18.36. The company has a debt-to-equity ratio of 0.98, a quick ratio of 3.42 and a current ratio of 3.42.

CTO Realty Growth (NYSE:CTO) last released its earnings results on Thursday, October 24th. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.27). The company had revenue of $31.81 million for the quarter, compared to analyst estimates of $30.15 million. CTO Realty Growth had a net margin of 14.52% and a return on equity of 3.55%. During the same quarter in the previous year, the firm earned $0.48 EPS. On average, equities analysts anticipate that CTO Realty Growth, Inc. will post 1.78 EPS for the current year.

CTO Realty Growth Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 12th were paid a $0.38 dividend. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $1.52 annualized dividend and a dividend yield of 7.77%. CTO Realty Growth’s dividend payout ratio is presently 276.36%.

Insider Activity at CTO Realty Growth

In other CTO Realty Growth news, Director Christopher W. Haga sold 3,000 shares of the stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $19.19, for a total value of $57,570.00. Following the transaction, the director now owns 44,988 shares in the company, valued at approximately $863,319.72. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 5.00% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Raymond James boosted their price target 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 report on Friday, July 26th. One 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 company’s stock. Based on data from MarketBeat.com, CTO Realty Growth has an average rating of “Buy” and an average target price of $20.33.

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.