CTO Realty Growth, Inc. (NYSE:CTO) Shares Purchased by Quantbot Technologies LP

Quantbot Technologies LP increased its holdings in shares of CTO Realty Growth, Inc. (NYSE:CTO - Free Report) by 696.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,759 shares of the company's stock after purchasing an additional 25,150 shares during the period. Quantbot Technologies LP owned approximately 0.10% of CTO Realty Growth worth $547,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in CTO. Farmers & Merchants Investments Inc. acquired a new stake in CTO Realty Growth during the second quarter valued at $26,000. Signaturefd LLC grew its position in CTO Realty Growth by 45.4% during the third quarter. Signaturefd LLC now owns 1,785 shares of the company's stock valued at $34,000 after buying an additional 557 shares during the period. Copeland Capital Management LLC acquired a new stake in CTO Realty Growth during the third quarter valued at $49,000. CWM LLC grew its position in CTO Realty Growth by 17.5% during the second quarter. CWM LLC now owns 4,527 shares of the company's stock valued at $79,000 after buying an additional 673 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in CTO Realty Growth during the third quarter valued at $176,000. Hedge funds and other institutional investors own 67.18% of the company's stock.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In other CTO Realty Growth news, Director Christopher W. Haga sold 3,000 shares of CTO Realty Growth stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $19.45, for a total transaction of $58,350.00. Following the transaction, the director now directly owns 44,988 shares of the company's stock, valued at $875,016.60. The trade was a 6.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO John P. Albright sold 29,488 shares of CTO Realty Growth 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 transaction, the chief executive officer now directly owns 570,554 shares in the company, valued at $11,816,173.34. This trade represents a 4.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.30% of the stock is currently owned by company insiders.

CTO Realty Growth Price Performance

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

CTO Realty Growth (NYSE:CTO - Get Free Report) last posted its quarterly earnings results on Thursday, October 24th. The company reported $0.17 earnings per share for the quarter, missing analysts' consensus estimates 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 quarter in the previous year, the firm posted $0.48 earnings per share. On average, research analysts expect that CTO Realty Growth, Inc. will post 1.8 earnings per share for the current year.

CTO Realty Growth Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Thursday, December 12th will be given a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $1.52 dividend on an annualized basis and a yield of 7.45%. CTO Realty Growth's payout ratio is presently 257.63%.

CTO Realty Growth 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.