Los Angeles Capital Management LLC Invests $1.79 Million in CTO Realty Growth, Inc. (NYSE:CTO)

Los Angeles Capital Management LLC acquired a new position in shares of CTO Realty Growth, Inc. (NYSE:CTO - Free Report) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 94,340 shares of the company's stock, valued at approximately $1,794,000. Los Angeles Capital Management LLC owned about 0.31% of CTO Realty Growth at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of CTO Realty Growth by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 1,079,798 shares of the company's stock worth $18,303,000 after acquiring an additional 5,617 shares in the last quarter. Grace & White Inc. NY raised its holdings in 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. Ingalls & Snyder LLC lifted its position in shares of CTO Realty Growth by 223.2% during the 2nd quarter. Ingalls & Snyder LLC now owns 395,870 shares of the company's stock worth $6,912,000 after buying an additional 273,400 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of CTO Realty Growth by 11.9% in the 1st quarter. Russell Investments Group Ltd. now owns 393,252 shares of the company's stock valued at $6,666,000 after buying an additional 41,938 shares in the last quarter. Finally, LSV Asset Management grew its position in shares of CTO Realty Growth by 18.8% in the 2nd quarter. LSV Asset Management now owns 381,960 shares of the company's stock valued at $6,669,000 after buying an additional 60,480 shares during the last quarter. Institutional investors and hedge funds own 67.18% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Raymond James raised shares of CTO Realty Growth from an "outperform" rating to a "strong-buy" rating and boosted their price target for the company from $22.00 to $24.00 in a research report on Wednesday, October 30th. Alliance Global Partners raised CTO Realty Growth to a "strong-buy" rating in a research report on Friday, July 26th. Finally, StockNews.com lowered CTO Realty Growth from a "hold" rating to a "sell" rating in a research report on Monday, October 28th. One investment analyst has rated the stock with a sell rating, two have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $21.00.

Insider Transactions at CTO Realty Growth

In related news, CEO John P. Albright sold 29,488 shares of the company's stock in a transaction 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 transaction, the chief executive officer now owns 570,554 shares of the company's stock, valued at $11,816,173.34. This represents a 4.91 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Christopher W. Haga sold 3,000 shares of the company's stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $19.19, for a total transaction of $57,570.00. Following the transaction, the director now directly owns 44,988 shares in the company, valued at approximately $863,319.72. This trade represents a 6.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 35,488 shares of company stock worth $726,616. Company insiders own 5.30% of the company's stock.

CTO Realty Growth Stock Performance

Shares of CTO traded down $0.19 during mid-day trading on Thursday, hitting $19.51. 434,207 shares of the company's stock were exchanged, compared to its average volume of 250,102. 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 fifty-two week low of $16.16 and a fifty-two week high of $21.15. The business's 50 day moving average is $19.35 and its two-hundred day moving average is $18.62. The firm has a market capitalization of $584.91 million, a P/E ratio of 33.07 and a beta of 0.76.

CTO Realty Growth (NYSE:CTO - Get Free Report) last announced its earnings results on Thursday, October 24th. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.27). CTO Realty Growth had a net margin of 17.10% and a return on equity of 4.04%. The company had revenue of $31.81 million during the quarter, compared to analysts' expectations of $30.15 million. During the same quarter last year, the business posted $0.48 earnings per share. On average, equities analysts expect that CTO Realty Growth, Inc. will post 1.79 earnings per share for the current year.

CTO Realty Growth Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 12th were given a dividend of $0.38 per share. The ex-dividend date was Thursday, September 12th. This represents a $1.52 dividend on an annualized basis and a yield of 7.79%. 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.