10,359 Shares in CTO Realty Growth, Inc. (NYSE:CTO) Bought by Sanctuary Advisors LLC

Sanctuary Advisors LLC bought a new stake in CTO Realty Growth, Inc. (NYSE:CTO) during the third quarter, Holdings Channel.com reports. The firm bought 10,359 shares of the company’s stock, valued at approximately $205,000.

Other institutional investors also recently modified their holdings of the company. Farmers & Merchants Investments Inc. acquired a new position in shares of CTO Realty Growth during the second quarter worth $26,000. Signaturefd LLC increased its holdings in CTO Realty Growth by 45.4% in the third quarter. Signaturefd LLC now owns 1,785 shares of the company’s stock worth $34,000 after purchasing an additional 557 shares in the last quarter. Copeland Capital Management LLC bought a new position in CTO Realty Growth during the third quarter worth $49,000. Point72 DIFC Ltd bought a new position in shares of CTO Realty Growth during the 3rd quarter worth about $94,000. Finally, CWM LLC grew its stake 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 period. 67.18% of the stock is currently owned by institutional investors and hedge funds.

CTO Realty Growth Trading Down 0.9 %

CTO Realty Growth stock opened at $19.40 on Monday. The firm’s fifty day moving average price is $19.87 and its 200-day moving average price is $19.15. CTO Realty Growth, Inc. has a fifty-two week low of $16.16 and a fifty-two week high of $21.15. The stock has a market cap of $581.53 million, a P/E ratio of 32.88 and a beta of 0.77. The company has a debt-to-equity ratio of 0.88, a quick ratio of 3.96 and a current ratio of 3.96.

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 firm had revenue of $31.81 million for the quarter, compared to analysts’ expectations 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 quarter in the previous year, the business earned $0.48 EPS. Equities research analysts forecast that CTO Realty Growth, Inc. will post 1.8 earnings per share for the current fiscal year.

CTO Realty Growth Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Thursday, December 12th will be given a dividend of $0.38 per share. The ex-dividend date is Thursday, December 12th. This represents a $1.52 annualized dividend and a yield of 7.84%. CTO Realty Growth’s payout ratio is 257.63%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. StockNews.com lowered shares of CTO Realty Growth from a “hold” rating to a “sell” rating in a report on Monday, October 28th. Raymond James raised CTO Realty Growth from an “outperform” rating to a “strong-buy” rating and raised their target price for the company from $22.00 to $24.00 in a research report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, two have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $21.00.

Insider Transactions at CTO Realty Growth

In other CTO Realty Growth news, CEO John P. Albright sold 29,488 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $20.71, for a total value of $610,696.48. Following the completion of 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 the SEC website. Company insiders own 5.30% of the company’s stock.

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.