28,800 Shares in CTO Realty Growth, Inc. (NYSE:CTO) Acquired by Verition Fund Management LLC

Verition Fund Management LLC acquired a new position in shares of CTO Realty Growth, Inc. (NYSE:CTO) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 28,800 shares of the company’s stock, valued at approximately $548,000. Verition Fund Management LLC owned approximately 0.10% of CTO Realty Growth as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of CTO. Ingalls & Snyder LLC boosted its position in shares of CTO Realty Growth by 223.2% during the 2nd quarter. Ingalls & Snyder LLC now owns 395,870 shares of the company’s stock worth $6,912,000 after acquiring an additional 273,400 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of CTO Realty Growth by 162.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 161,291 shares of the company’s stock valued at $3,068,000 after acquiring an additional 99,943 shares during the last quarter. Los Angeles Capital Management LLC acquired a new position in shares of CTO Realty Growth during the third quarter worth $1,794,000. LSV Asset Management grew its stake in shares of CTO Realty Growth by 18.8% in the second quarter. LSV Asset Management now owns 381,960 shares of the company’s stock worth $6,669,000 after purchasing an additional 60,480 shares during the last quarter. Finally, AQR Capital Management LLC raised its position in CTO Realty Growth by 104.7% during the 2nd quarter. AQR Capital Management LLC now owns 103,805 shares of the company’s stock worth $1,812,000 after purchasing an additional 53,083 shares during the last quarter. 67.18% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CTO has been the topic of several recent research reports. StockNews.com downgraded CTO Realty Growth from a “hold” rating to a “sell” rating in a report on Monday, October 28th. Raymond James upgraded CTO Realty Growth from an “outperform” rating to a “strong-buy” rating and lifted their price target for the company from $22.00 to $24.00 in a research note on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, two have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $21.00.

Insider Activity

In other news, CEO John P. Albright sold 29,488 shares of the firm’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $20.71, for a total transaction of $610,696.48. Following the sale, the chief executive officer now owns 570,554 shares in the company, valued at approximately $11,816,173.34. This trade represents a 4.91 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 5.30% of the company’s stock.

CTO Realty Growth Trading Up 0.2 %

Shares of CTO stock opened at $20.48 on Thursday. The company has a 50 day moving average of $19.69 and a 200-day moving average of $18.98. CTO Realty Growth, Inc. has a 12-month low of $16.16 and a 12-month high of $21.15. The firm has a market cap of $613.76 million, a P/E ratio of 34.70 and a beta of 0.77. The company has a quick ratio of 3.96, a current ratio of 3.96 and a debt-to-equity ratio of 0.88.

CTO Realty Growth (NYSE:CTO) last posted its quarterly earnings results on Thursday, October 24th. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.27). The firm had revenue of $31.81 million for the quarter, compared to the consensus estimate of $30.15 million. CTO Realty Growth had a return on equity of 4.04% and a net margin of 17.10%. During the same quarter in the previous year, the company posted $0.48 EPS. Sell-side analysts anticipate that CTO Realty Growth, Inc. will post 1.8 earnings per share for the current year.

CTO Realty Growth Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Thursday, December 12th will be issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 7.42%. The ex-dividend date is Thursday, December 12th. CTO Realty Growth’s payout ratio is presently 257.63%.

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.