CTO Realty Growth, Inc. (NYSE:CTO - Get Free Report) SVP Daniel Earl Smith bought 1,000 shares of the company's stock in a transaction dated Friday, March 17th. The shares were purchased at an average price of $16.00 per share, with a total value of $16,000.00. Following the transaction, the senior vice president now owns 192,496 shares of the company's stock, valued at $3,079,936. The trade was a 0.52 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
CTO Realty Growth Trading Down 0.1 %
NYSE:CTO opened at $17.97 on Friday. The company has a current ratio of 3.96, a quick ratio of 3.96 and a debt-to-equity ratio of 0.88. CTO Realty Growth, Inc. has a 1-year low of $16.12 and a 1-year high of $21.15. The firm has a market capitalization of $572.35 million, a price-to-earnings ratio of -81.70 and a beta of 0.61. The business's 50-day moving average price is $18.59 and its two-hundred day moving average price is $19.36.
CTO Realty Growth (NYSE:CTO - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.01 by $0.48. The firm had revenue of $35.74 million during the quarter, compared to analysts' expectations of $33.39 million. CTO Realty Growth had a negative net margin of 1.58% and a negative return on equity of 0.38%. On average, equities analysts expect that CTO Realty Growth, Inc. will post 1.92 earnings per share for the current year.
CTO Realty Growth Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 13th were issued a dividend of $0.38 per share. The ex-dividend date was Thursday, March 13th. This represents a $1.52 annualized dividend and a yield of 8.46%. CTO Realty Growth's dividend payout ratio is presently -690.91%.
Wall Street Analyst Weigh In
Several analysts have weighed in on the company. StockNews.com cut CTO Realty Growth from a "hold" rating to a "sell" rating in a report on Saturday, March 1st. B. Riley reissued a "buy" rating and set a $23.00 price target (up from $22.50) on shares of CTO Realty Growth in a research note on Wednesday, March 5th. One investment analyst has rated the stock with a sell rating, two have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $22.00.
Check Out Our Latest Stock Analysis on CTO Realty Growth
Institutional Investors Weigh In On CTO Realty Growth
Several large investors have recently modified their holdings of the business. New York State Teachers Retirement System acquired a new position in shares of CTO Realty Growth in the 1st quarter valued at approximately $51,000. Summit Investment Advisors Inc. lifted its stake in CTO Realty Growth by 39.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 3,020 shares of the company's stock valued at $60,000 after buying an additional 852 shares in the last quarter. NewEdge Advisors LLC boosted its holdings in shares of CTO Realty Growth by 300.0% in the fourth quarter. NewEdge Advisors LLC now owns 4,000 shares of the company's stock valued at $79,000 after buying an additional 3,000 shares during the period. Daiwa Securities Group Inc. increased 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 acquiring an additional 2,118 shares in the last quarter. 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 currently owned by institutional investors.
CTO Realty Growth Company Profile
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Get Free Report)
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.
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