EMC Capital Management Has $111,000 Holdings in CTO Realty Growth, Inc. $CTO

EMC Capital Management trimmed its position in shares of CTO Realty Growth, Inc. (NYSE:CTO) by 58.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,416 shares of the company’s stock after selling 8,896 shares during the period. EMC Capital Management’s holdings in CTO Realty Growth were worth $111,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the company. Police & Firemen s Retirement System of New Jersey grew its position in shares of CTO Realty Growth by 24.3% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 7,050 shares of the company’s stock valued at $122,000 after acquiring an additional 1,377 shares during the period. Resona Asset Management Co. Ltd. lifted its stake in CTO Realty Growth by 9.7% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 11,435 shares of the company’s stock valued at $221,000 after purchasing an additional 1,011 shares during the last quarter. M&G PLC bought a new position in CTO Realty Growth during the second quarter worth about $195,000. Somerset Trust Co increased its position in CTO Realty Growth by 14.3% during the second quarter. Somerset Trust Co now owns 12,312 shares of the company’s stock worth $213,000 after buying an additional 1,544 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in CTO Realty Growth in the first quarter valued at approximately $258,000. Institutional investors and hedge funds own 67.18% of the company’s stock.

Insider Buying and Selling

In other CTO Realty Growth news, CEO John P. Albright acquired 4,200 shares of the company’s stock in a transaction on Thursday, September 11th. The stock was acquired at an average price of $16.53 per share, for a total transaction of $69,426.00. Following the purchase, the chief executive officer directly owned 632,547 shares of the company’s stock, valued at $10,456,001.91. This trade represents a 0.67% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders have bought 8,950 shares of company stock worth $147,739 over the last 90 days. 4.00% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research firms have recently issued reports on CTO. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of CTO Realty Growth in a research report on Wednesday, October 8th. Jones Trading reaffirmed a “buy” rating and set a $21.00 price target on shares of CTO Realty Growth in a report on Wednesday, October 29th. Finally, Zacks Research raised shares of CTO Realty Growth to a “strong-buy” rating in a research report on Tuesday, October 21st. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, CTO Realty Growth currently has an average rating of “Buy” and a consensus price target of $22.00.

CTO Realty Growth Price Performance

Shares of NYSE CTO opened at $17.07 on Thursday. The firm has a market cap of $552.69 million, a P/E ratio of -13.23 and a beta of 0.76. The business’s 50 day moving average is $16.39 and its 200-day moving average is $17.12. The company has a current ratio of 3.96, a quick ratio of 4.94 and a debt-to-equity ratio of 1.08. CTO Realty Growth, Inc. has a 1-year low of $15.06 and a 1-year high of $20.88.

CTO Realty Growth (NYSE:CTO) last released its quarterly earnings results on Tuesday, October 28th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.46). The firm had revenue of $34.62 million during the quarter, compared to the consensus estimate of $37.83 million. CTO Realty Growth had a negative net margin of 22.77% and a negative return on equity of 5.72%. CTO Realty Growth has set its FY 2025 guidance at 1.840-1.87 EPS. Equities research analysts predict that CTO Realty Growth, Inc. will post 1.92 earnings per share for the current year.

CTO Realty Growth declared that its Board of Directors has initiated a share buyback program on Wednesday, September 24th that allows the company to buyback $10.00 million in outstanding shares. This buyback authorization allows the company to buy up to 1.9% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its stock is undervalued.

CTO Realty Growth Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Thursday, December 11th will be paid a $0.38 dividend. The ex-dividend date is Thursday, December 11th. This represents a $1.52 annualized dividend and a dividend yield of 8.9%. CTO Realty Growth’s dividend payout ratio is -117.83%.

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.