LSV Asset Management Has $9.51 Million Stake in CTO Realty Growth, Inc. $CTO

LSV Asset Management lowered its stake in CTO Realty Growth, Inc. (NYSE:CTO) by 4.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 551,152 shares of the company’s stock after selling 27,765 shares during the period. LSV Asset Management’s holdings in CTO Realty Growth were worth $9,513,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in CTO. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of CTO Realty Growth in the 1st quarter valued at approximately $258,000. Triumph Capital Management boosted its position in CTO Realty Growth by 9.7% during the first quarter. Triumph Capital Management now owns 15,628 shares of the company’s stock worth $302,000 after purchasing an additional 1,388 shares during the period. PNC Financial Services Group Inc. grew its holdings in CTO Realty Growth by 9.7% during the first quarter. PNC Financial Services Group Inc. now owns 14,156 shares of the company’s stock valued at $273,000 after purchasing an additional 1,248 shares during the last quarter. Vanguard Group Inc. raised its position in shares of CTO Realty Growth by 13.0% in the first quarter. Vanguard Group Inc. now owns 2,842,294 shares of the company’s stock valued at $54,885,000 after purchasing an additional 327,505 shares during the period. Finally, Deutsche Bank AG raised its position in shares of CTO Realty Growth by 8.1% in the first quarter. Deutsche Bank AG now owns 81,142 shares of the company’s stock valued at $1,567,000 after purchasing an additional 6,067 shares during the period. Institutional investors own 67.18% of the company’s stock.

Analyst Upgrades and Downgrades

CTO has been the subject of several recent analyst reports. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of CTO Realty Growth in a report on Wednesday, October 8th. Zacks Research upgraded shares of CTO Realty Growth to a “strong-buy” rating in a report on Tuesday, October 21st. Finally, Jones Trading reiterated a “buy” rating and issued a $21.00 price objective on shares of CTO Realty Growth in a research note on Wednesday, October 29th. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $22.00.

CTO Realty Growth Price Performance

NYSE:CTO opened at $17.07 on Thursday. The stock has a market cap of $552.69 million, a P/E ratio of -13.23 and a beta of 0.76. CTO Realty Growth, Inc. has a one year low of $15.06 and a one year high of $20.88. The company has a fifty day moving average price of $16.39 and a 200 day moving average price of $17.12. The company has a debt-to-equity ratio of 1.08, a current ratio of 3.96 and a quick ratio of 4.94.

CTO Realty Growth (NYSE:CTO) last posted 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). CTO Realty Growth had a negative return on equity of 5.72% and a negative net margin of 22.77%.The company had revenue of $34.62 million during the quarter, compared to analyst estimates of $37.83 million. CTO Realty Growth has set its FY 2025 guidance at 1.840-1.87 EPS. Analysts anticipate that CTO Realty Growth, Inc. will post 1.92 earnings per share for the current year.

CTO Realty Growth Dividend Announcement

The company 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 dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 8.9%. The ex-dividend date is Thursday, December 11th. CTO Realty Growth’s payout ratio is currently -117.83%.

CTO Realty Growth announced that its board has initiated a share repurchase plan on Wednesday, September 24th that permits the company to buyback $10.00 million in outstanding shares. This buyback authorization permits the company to purchase up to 1.9% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s management believes its stock is undervalued.

Insider Buying and Selling

In other news, CEO John P. Albright purchased 4,200 shares of the business’s stock in a transaction on Thursday, September 11th. The stock was purchased at an average price of $16.53 per share, with a total value of $69,426.00. Following the acquisition, the chief executive officer directly owned 632,547 shares in the company, valued at approximately $10,456,001.91. The trade was a 0.67% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Over the last ninety days, insiders purchased 8,950 shares of company stock valued at $147,739. Corporate insiders own 4.00% of the company’s stock.

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.