CTO Realty Growth, Inc. (NYSE:CTO) CEO Sells $610,696.48 in Stock

CTO Realty Growth, Inc. (NYSE:CTO - Get Free Report) CEO John P. Albright sold 29,488 shares of the business's stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 570,554 shares of the company's stock, valued at $11,816,173.34. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

CTO Realty Growth Stock Down 3.4 %

CTO traded down $0.70 on Tuesday, reaching $19.95. The company's stock had a trading volume of 1,064,263 shares, compared to its average volume of 245,878. The stock has a market cap of $597.95 million, a price-to-earnings ratio of 34.90 and a beta of 0.76. The company has a debt-to-equity ratio of 0.88, a current ratio of 3.96 and a quick ratio of 3.96. The business's 50 day moving average is $19.31 and its 200 day moving average is $18.58. CTO Realty Growth, Inc. has a 1 year low of $16.15 and a 1 year high of $21.15.

CTO Realty Growth (NYSE:CTO - Get Free Report) last issued 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). The business had revenue of $31.81 million for the quarter, compared to analyst estimates of $30.15 million. CTO Realty Growth had a return on equity of 4.04% and a net margin of 17.10%. During the same period in the previous year, the firm posted $0.48 EPS. As a group, research analysts forecast that CTO Realty Growth, Inc. will post 1.79 EPS for the current fiscal year.

CTO Realty Growth Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 12th were paid a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 7.62%. The ex-dividend date was Thursday, September 12th. CTO Realty Growth's payout ratio is currently 257.63%.

Analyst Ratings Changes

CTO has been the topic of a number of analyst reports. StockNews.com cut shares of CTO Realty Growth from a "hold" rating to a "sell" rating in a report on Monday, October 28th. Alliance Global Partners raised shares of CTO Realty Growth to a "strong-buy" rating in a research note on Friday, July 26th. Finally, Raymond James raised shares of CTO Realty Growth from an "outperform" rating to a "strong-buy" rating and increased their price objective for the company from $22.00 to $24.00 in a research note on Wednesday, October 30th. One 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 company. Based on data from MarketBeat, the company has an average rating of "Buy" and a consensus price target of $21.00.

Hedge Funds Weigh In On CTO Realty Growth

Several institutional investors and hedge funds have recently bought and sold shares of CTO. Ingalls & Snyder LLC raised its stake in CTO Realty Growth by 223.2% in the second quarter. Ingalls & Snyder LLC now owns 395,870 shares of the company's stock valued at $6,912,000 after purchasing an additional 273,400 shares in the last quarter. Kennedy Capital Management LLC grew its position in shares of CTO Realty Growth by 110.2% during the first quarter. Kennedy Capital Management LLC now owns 241,521 shares of the company's stock worth $4,094,000 after purchasing an additional 126,615 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of CTO Realty Growth by 162.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 161,291 shares of the company's stock worth $3,068,000 after acquiring an additional 99,943 shares during the last quarter. Los Angeles Capital Management LLC purchased a new position in CTO Realty Growth during the 3rd quarter worth $1,794,000. Finally, LSV Asset Management raised its holdings in CTO Realty Growth by 18.8% in the 2nd quarter. LSV Asset Management now owns 381,960 shares of the company's stock worth $6,669,000 after purchasing an additional 60,480 shares during the period. Institutional investors and hedge funds own 67.18% of the company's stock.

CTO Realty Growth Company Profile

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.