Barclays PLC Buys 39,986 Shares of CTO Realty Growth, Inc. (NYSE:CTO)

Barclays PLC raised its position in shares of CTO Realty Growth, Inc. (NYSE:CTO - Free Report) by 251.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,911 shares of the company's stock after acquiring an additional 39,986 shares during the period. Barclays PLC owned approximately 0.19% of CTO Realty Growth worth $1,063,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Farmers & Merchants Investments Inc. bought a new position in CTO Realty Growth during the second quarter worth $26,000. Signaturefd LLC increased its holdings in shares of CTO Realty Growth by 45.4% during the 3rd quarter. Signaturefd LLC now owns 1,785 shares of the company's stock worth $34,000 after purchasing an additional 557 shares during the period. Copeland Capital Management LLC acquired a new position in shares of CTO Realty Growth during the third quarter valued at about $49,000. Point72 DIFC Ltd bought a new stake in shares of CTO Realty Growth in the third quarter valued at about $94,000. Finally, CWM LLC grew its position in CTO Realty Growth by 65.6% during the third quarter. CWM LLC now owns 7,497 shares of the company's stock worth $143,000 after buying an additional 2,970 shares in the last quarter. 67.18% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CTO has been the subject of several recent research reports. StockNews.com cut CTO Realty Growth from a "hold" rating to a "sell" rating in a report on Monday, October 28th. Raymond James upgraded CTO Realty Growth from an "outperform" rating to a "strong-buy" rating and upped their target price for the company from $22.00 to $24.00 in a research note on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, two have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $21.00.

Insider Buying and Selling

In related news, CEO John P. Albright sold 29,488 shares of the business's stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $20.71, for a total transaction of $610,696.48. Following the completion of the sale, the chief executive officer now directly owns 570,554 shares of the company's stock, valued at $11,816,173.34. The trade was a 4.91 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 5.30% of the stock is owned by corporate insiders.

CTO Realty Growth Price Performance

CTO traded up $0.08 during midday trading on Tuesday, reaching $19.71. 368,392 shares of the company's stock were exchanged, compared to its average volume of 278,513. 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 business has a 50-day simple moving average of $19.87 and a two-hundred day simple moving average of $19.17. The firm has a market capitalization of $590.83 million, a price-to-earnings ratio of 33.41 and a beta of 0.77. CTO Realty Growth, Inc. has a one year low of $16.16 and a one year high of $21.15.

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

CTO Realty Growth Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Thursday, December 12th will be issued a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 7.71%. The ex-dividend date of this dividend is Thursday, December 12th. CTO Realty Growth's payout ratio is currently 257.63%.

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.