Daniel Earl Smith Buys 1,000 Shares of CTO Realty Growth, Inc. (NYSE:CTO) Stock

CTO Realty Growth, Inc. (NYSE:CTO) SVP Daniel Earl Smith purchased 1,000 shares of CTO Realty Growth stock in a transaction on Thursday, June 26th. The shares were acquired at an average price of $17.00 per share, with a total value of $17,000.00. Following the transaction, the senior vice president now directly owns 193,496 shares in the company, valued at $3,289,432. This trade represents a 0.52% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

CTO Realty Growth Stock Up 0.1%

CTO opened at $17.33 on Friday. CTO Realty Growth, Inc. has a one year low of $16.12 and a one year high of $21.15. The company has a debt-to-equity ratio of 1.01, a quick ratio of 5.54 and a current ratio of 5.54. The stock’s fifty day moving average is $18.12 and its 200-day moving average is $18.85. The company has a market capitalization of $570.69 million, a PE ratio of -42.26 and a beta of 0.75.

CTO Realty Growth Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Thursday, June 12th will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 8.77%. The ex-dividend date is Thursday, June 12th. CTO Realty Growth’s dividend payout ratio (DPR) is presently -370.73%.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Raymond James Financial reissued a “strong-buy” rating on shares of CTO Realty Growth in a research note on Friday, May 23rd. Wall Street Zen downgraded CTO Realty Growth from a “hold” rating to a “sell” rating in a research note on Tuesday, May 13th. Finally, B. Riley reissued a “buy” rating and issued a $23.00 price objective (up previously from $22.50) on shares of CTO Realty Growth in a research note on Wednesday, March 5th.

Institutional Investors Weigh In On CTO Realty Growth

Institutional investors and hedge funds have recently modified their holdings of the stock. New York State Teachers Retirement System acquired a new stake in shares of CTO Realty Growth during the first quarter worth $51,000. Summit Investment Advisors Inc. raised its position in shares of CTO Realty Growth by 39.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 3,020 shares of the company’s stock worth $60,000 after purchasing an additional 852 shares during the period. NewEdge Advisors LLC raised its position in shares of CTO Realty Growth by 300.0% during the fourth quarter. NewEdge Advisors LLC now owns 4,000 shares of the company’s stock worth $79,000 after purchasing an additional 3,000 shares during the period. Daiwa Securities Group Inc. raised its position in shares of CTO Realty Growth by 32.3% during the fourth quarter. Daiwa Securities Group Inc. now owns 8,666 shares of the company’s stock worth $171,000 after purchasing an additional 2,118 shares during the period. Finally, Lazard Asset Management LLC acquired a new stake in shares of CTO Realty Growth during the fourth quarter worth $179,000. 67.18% of the stock is owned by institutional investors and hedge funds.

About CTO Realty Growth

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.