Atom Investors LP Makes New $1.15 Million Investment in CTO Realty Growth, Inc. (NYSE:CTO)

Atom Investors LP bought a new position in CTO Realty Growth, Inc. (NYSE:CTO - Free Report) during the third quarter, according to its most recent filing with the SEC. The firm bought 60,413 shares of the company's stock, valued at approximately $1,149,000. Atom Investors LP owned approximately 0.20% of CTO Realty Growth as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. raised its stake in CTO Realty Growth by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 1,079,798 shares of the company's stock valued at $18,303,000 after purchasing an additional 5,617 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in shares of CTO Realty Growth by 5.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 23,111 shares of the company's stock valued at $392,000 after purchasing an additional 1,156 shares during the last quarter. CWM LLC boosted its holdings in CTO Realty Growth by 17.5% in the second quarter. CWM LLC now owns 4,527 shares of the company's stock valued at $79,000 after purchasing an additional 673 shares during the period. Grace & White Inc. NY increased its position in shares of CTO Realty Growth by 0.4% during the second quarter. Grace & White Inc. NY now owns 604,041 shares of the company's stock worth $10,547,000 after purchasing an additional 2,602 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of CTO Realty Growth by 6.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 138,472 shares of the company's stock worth $2,418,000 after acquiring an additional 8,172 shares in the last quarter. 67.18% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CEO John P. Albright sold 29,488 shares of the business's stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $20.71, for a total transaction of $610,696.48. Following the completion of the transaction, the chief executive officer now directly owns 570,554 shares of the company's stock, valued at approximately $11,816,173.34. The trade was a 4.91 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Christopher W. Haga sold 3,000 shares of the stock in a transaction on Monday, September 9th. The shares were sold at an average price of $19.45, for a total value of $58,350.00. Following the sale, the director now directly owns 44,988 shares in the company, valued at approximately $875,016.60. The trade was a 6.25 % decrease in their position. The disclosure for this sale can be found here. Insiders own 5.30% of the company's stock.

CTO Realty Growth Stock Up 0.7 %

NYSE CTO traded up $0.14 during trading hours on Wednesday, hitting $20.39. 438,691 shares of the company were exchanged, compared to its average volume of 260,649. CTO Realty Growth, Inc. has a 52-week low of $16.16 and a 52-week high of $21.15. The company has a 50 day moving average of $19.52 and a two-hundred day moving average of $18.87. The company has a quick ratio of 3.96, a current ratio of 3.96 and a debt-to-equity ratio of 0.88. The firm has a market cap of $611.29 million, a price-to-earnings ratio of 34.34 and a beta of 0.77.

CTO Realty Growth (NYSE:CTO - Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.44 by ($0.27). The firm had revenue of $31.81 million for the quarter, compared to the consensus estimate of $30.15 million. CTO Realty Growth had a net margin of 17.10% and a return on equity of 4.04%. During the same period in the previous year, the business posted $0.48 earnings per share. Equities research analysts anticipate that CTO Realty Growth, Inc. will post 1.8 earnings per share for the current year.

CTO Realty Growth Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Thursday, December 12th will be paid a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 7.45%. The ex-dividend date of this dividend is Thursday, December 12th. CTO Realty Growth's dividend payout ratio (DPR) is currently 257.63%.

Analysts Set New Price Targets

Several brokerages recently commented on CTO. Raymond James raised CTO Realty Growth from an "outperform" rating to a "strong-buy" rating and boosted their target price for the stock from $22.00 to $24.00 in a report on Wednesday, October 30th. StockNews.com cut shares of CTO Realty Growth from a "hold" rating to a "sell" rating in a research report on Monday, October 28th. One equities research analyst has rated the stock with a sell rating, two have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, CTO Realty Growth has an average rating of "Buy" and a consensus target price of $21.00.

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.