CTO Realty Growth, Inc. (NYSEAMERICAN:CTO) Major Shareholder Cto Realty Growth, Inc. Buys 6,824 Shares

CTO Realty Growth, Inc. (NYSEAMERICAN:CTOGet Rating) major shareholder Cto Realty Growth, Inc. purchased 6,824 shares of CTO Realty Growth stock in a transaction dated Friday, June 17th. The stock was bought at an average price of $16.93 per share, with a total value of $115,530.32. Following the completion of the transaction, the insider now owns 913,082 shares of the company’s stock, valued at approximately $15,458,478.26. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Cto Realty Growth, Inc. also recently made the following trade(s):

  • On Tuesday, June 21st, Cto Realty Growth, Inc. purchased 3,422 shares of CTO Realty Growth stock. The shares were purchased at an average cost of $17.54 per share, with a total value of $60,021.88.
  • On Wednesday, June 15th, Cto Realty Growth, Inc. acquired 5,410 shares of CTO Realty Growth stock. The stock was bought at an average price of $17.74 per share, for a total transaction of $95,973.40.
  • On Monday, June 13th, Cto Realty Growth, Inc. purchased 7,329 shares of CTO Realty Growth stock. The shares were acquired at an average price of $17.86 per share, for a total transaction of $130,895.94.
  • On Thursday, June 9th, Cto Realty Growth, Inc. purchased 100 shares of CTO Realty Growth stock. The stock was bought at an average cost of $18.00 per share, for a total transaction of $1,800.00.
  • On Wednesday, May 11th, Cto Realty Growth, Inc. purchased 216 shares of CTO Realty Growth stock. The stock was bought at an average cost of $17.95 per share, for a total transaction of $3,877.20.
  • On Monday, May 9th, Cto Realty Growth, Inc. acquired 1,300 shares of CTO Realty Growth stock. The stock was acquired at an average cost of $18.27 per share, for a total transaction of $23,751.00.
  • On Wednesday, May 4th, Cto Realty Growth, Inc. purchased 3,600 shares of CTO Realty Growth stock. The shares were purchased at an average cost of $18.48 per share, for a total transaction of $66,528.00.
  • On Monday, May 2nd, Cto Realty Growth, Inc. acquired 10,406 shares of CTO Realty Growth stock. The stock was bought at an average price of $18.32 per share, with a total value of $190,637.92.
  • On Wednesday, April 13th, Cto Realty Growth, Inc. purchased 9,551 shares of CTO Realty Growth stock. The stock was acquired at an average price of $18.26 per share, with a total value of $174,401.26.
  • On Monday, April 11th, Cto Realty Growth, Inc. acquired 7,400 shares of CTO Realty Growth stock. The shares were bought at an average cost of $18.35 per share, with a total value of $135,790.00.

Shares of CTO stock opened at $59.64 on Thursday. The company has a market capitalization of $359.87 million, a PE ratio of 12.72 and a beta of 0.82. CTO Realty Growth, Inc. has a one year low of $52.28 and a one year high of $67.38. The company has a current ratio of 8.11, a quick ratio of 8.11 and a debt-to-equity ratio of 0.53.

CTO Realty Growth’s stock is set to split before the market opens on Friday, July 1st. The 3-1 split was announced on Friday, July 1st. The newly issued shares will be issued to shareholders after the market closes on Friday, July 1st.

CTO Realty Growth (NYSEAMERICAN:CTOGet Rating) last issued its quarterly earnings results on Thursday, April 28th. The financial services provider reported ($0.17) earnings per share for the quarter, missing analysts’ consensus estimates of $1.07 by ($1.24). CTO Realty Growth had a return on equity of 7.92% and a net margin of 42.61%. During the same quarter last year, the firm posted $0.97 EPS. Equities analysts expect that CTO Realty Growth, Inc. will post 4.64 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 30th. Shareholders of record on Thursday, June 9th will be issued a dividend of $1.12 per share. This is an increase from CTO Realty Growth’s previous quarterly dividend of $1.08. This represents a $4.48 annualized dividend and a yield of 7.51%. The ex-dividend date of this dividend is Wednesday, June 8th. CTO Realty Growth’s dividend payout ratio (DPR) is 95.52%.

CTO has been the subject of a number of analyst reports. Jonestrading increased their price target on shares of CTO Realty Growth from $75.00 to $80.00 in a report on Friday, April 29th. B. Riley lifted their price objective on shares of CTO Realty Growth from $65.00 to $70.00 in a report on Tuesday, March 1st. Raymond James initiated coverage on shares of CTO Realty Growth in a report on Friday, June 17th. They issued an “outperform” rating and a $69.00 price target on the stock. TheStreet downgraded shares of CTO Realty Growth from a “b-” rating to a “c” rating in a research note on Friday, May 20th. Finally, BTIG Research boosted their target price on shares of CTO Realty Growth from $67.00 to $72.00 and gave the company a “buy” rating in a research report on Tuesday, March 8th.

Hedge funds and other institutional investors have recently modified their holdings of the company. Bank of America Corp DE grew its holdings in CTO Realty Growth by 1.4% in the first quarter. Bank of America Corp DE now owns 16,442 shares of the financial services provider’s stock valued at $1,090,000 after purchasing an additional 221 shares during the period. Gamco Investors INC. ET AL raised its holdings in CTO Realty Growth by 1.5% in the first quarter. Gamco Investors INC. ET AL now owns 23,586 shares of the financial services provider’s stock valued at $1,564,000 after acquiring an additional 348 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in CTO Realty Growth by 13.3% in the first quarter. Goldman Sachs Group Inc. now owns 18,758 shares of the financial services provider’s stock valued at $1,244,000 after acquiring an additional 2,199 shares in the last quarter. State Street Corp increased its stake in CTO Realty Growth by 36.9% during the first quarter. State Street Corp now owns 163,201 shares of the financial services provider’s stock valued at $10,823,000 after purchasing an additional 43,961 shares during the last quarter. Finally, Invesco Ltd. increased its stake in CTO Realty Growth by 30.3% during the first quarter. Invesco Ltd. now owns 12,765 shares of the financial services provider’s stock valued at $847,000 after purchasing an additional 2,968 shares during the last quarter. Institutional investors and hedge funds own 59.42% of the company’s stock.

About CTO Realty Growth (Get Rating)

CTO Realty Growth, Inc is a Florida-based publicly traded real estate company, which owns income properties comprised of approximately 2.4 million square feet in diversified markets in the United States and an approximately 23.5% interest in Alpine Income Property Trust, Inc, a publicly traded net lease real estate investment trust (NYSE: PINE).

Further Reading

Insider Buying and Selling by Quarter for CTO Realty Growth (NYSEAMERICAN:CTO)

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