Creative Planning Invests $237,000 in CTO Realty Growth, Inc. (NYSE:CTO)

Creative Planning bought a new stake in CTO Realty Growth, Inc. (NYSE:CTO) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 12,455 shares of the company’s stock, valued at approximately $237,000.

Other institutional investors have also added to or reduced their stakes in the company. Russell Investments Group Ltd. boosted its stake in CTO Realty Growth by 11.9% during the first quarter. Russell Investments Group Ltd. now owns 393,252 shares of the company’s stock worth $6,666,000 after buying an additional 41,938 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of CTO Realty Growth by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 1,079,798 shares of the company’s stock valued at $18,303,000 after acquiring an additional 5,617 shares in the last quarter. EntryPoint Capital LLC bought a new stake in CTO Realty Growth in the first quarter valued at about $31,000. Truvestments Capital LLC raised its position in CTO Realty Growth by 24.9% in the first quarter. Truvestments Capital LLC now owns 146,897 shares of the company’s stock worth $2,490,000 after purchasing an additional 29,273 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its position in CTO Realty Growth by 5.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 23,111 shares of the company’s stock worth $392,000 after purchasing an additional 1,156 shares in the last quarter. 67.18% of the stock is owned by institutional investors and hedge funds.

CTO Realty Growth Stock Performance

NYSE CTO opened at $20.54 on Monday. The firm has a market cap of $615.79 million, a price-to-earnings ratio of 34.81 and a beta of 0.76. The company has a current ratio of 3.96, a quick ratio of 3.96 and a debt-to-equity ratio of 0.88. CTO Realty Growth, Inc. has a 1-year low of $16.14 and a 1-year high of $21.15. The company has a 50 day moving average of $19.27 and a 200-day moving average of $18.56.

CTO Realty Growth (NYSE:CTO) last released its quarterly earnings results on Thursday, October 24th. The company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.27). The business 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 17.10% and a return on equity of 4.04%. During the same period in the prior year, the business earned $0.48 earnings per share. On average, equities analysts forecast that CTO Realty Growth, Inc. will post 1.79 earnings per share for the current fiscal year.

CTO Realty Growth Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 12th were issued a $0.38 dividend. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 7.40%. CTO Realty Growth’s dividend payout ratio is 257.63%.

Insider Buying and Selling

In other news, Director Christopher W. Haga sold 3,000 shares of the stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $19.19, for a total transaction of $57,570.00. Following the sale, the director now directly owns 44,988 shares of the company’s stock, valued at $863,319.72. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 5.30% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Alliance Global Partners raised CTO Realty Growth to a “strong-buy” rating in a report on Friday, July 26th. StockNews.com lowered CTO Realty Growth from a “hold” rating to a “sell” rating in a research note on Monday, October 28th. Finally, Raymond James raised CTO Realty Growth from an “outperform” rating to a “strong-buy” rating and lifted their price objective for the company from $22.00 to $24.00 in a report on Wednesday, October 30th. One research 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.com, the company has an average rating of “Buy” and an average target price of $21.00.

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.