Barclays PLC Has $1.06 Million Position in CTO Realty Growth, Inc. (NYSE:CTO)

Barclays PLC lifted its stake in shares of CTO Realty Growth, Inc. (NYSE:CTO) by 251.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 55,911 shares of the company’s stock after purchasing an additional 39,986 shares during the quarter. Barclays PLC’s holdings in CTO Realty Growth were worth $1,063,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Signaturefd LLC grew its stake in shares of CTO Realty Growth by 45.4% during the third quarter. Signaturefd LLC now owns 1,785 shares of the company’s stock worth $34,000 after buying an additional 557 shares during the last quarter. Copeland Capital Management LLC bought a new stake in CTO Realty Growth during the 3rd quarter worth $49,000. Point72 DIFC Ltd acquired a new position in CTO Realty Growth in the 3rd quarter worth about $94,000. CWM LLC raised its position 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 purchasing an additional 2,970 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of CTO Realty Growth during the third quarter valued at about $176,000. 67.18% of the stock is currently owned by institutional investors and hedge funds.

CTO Realty Growth Stock Performance

Shares of CTO stock opened at $19.44 on Wednesday. The stock has a 50-day moving average of $19.87 and a 200-day moving average of $19.32. The company has a current ratio of 3.96, a quick ratio of 3.96 and a debt-to-equity ratio of 0.88. The stock has a market cap of $582.81 million, a price-to-earnings ratio of 32.95 and a beta of 0.77. CTO Realty Growth, Inc. has a 1-year low of $16.16 and a 1-year high of $21.15.

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

CTO Realty Growth Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Thursday, December 12th were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Thursday, December 12th. This represents a $1.52 dividend on an annualized basis and a yield of 7.82%. CTO Realty Growth’s dividend payout ratio (DPR) is currently 257.63%.

Analyst Upgrades and Downgrades

CTO has been the subject of several recent research reports. StockNews.com downgraded CTO Realty Growth from a “hold” rating to a “sell” rating in a research note on Monday, October 28th. Raymond James upgraded shares of CTO Realty Growth from an “outperform” rating to a “strong-buy” rating and upped their price target for the company from $22.00 to $24.00 in a research report 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 assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Buy” and an average price target of $21.00.

Insiders Place Their Bets

In other news, CEO John P. Albright sold 29,488 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer now owns 570,554 shares of the company’s stock, valued at $11,816,173.34. This trade represents a 4.91 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 5.30% of the company’s stock.

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.