Insider Buying: CTO Realty Growth (NYSE:CTO) SVP Purchases $16,500.00 in Stock

CTO Realty Growth, Inc. (NYSE:CTO) SVP Daniel Earl Smith bought 1,000 shares of CTO Realty Growth stock in a transaction that occurred on Thursday, September 11th. The stock was purchased at an average cost of $16.50 per share, with a total value of $16,500.00. Following the completion of the acquisition, the senior vice president directly owned 194,496 shares in the company, valued at $3,209,184. This represents a 0.52% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Daniel Earl Smith also recently made the following trade(s):

• On Thursday, June 26th, Daniel Earl Smith bought 1,000 shares of CTO Realty Growth stock. The stock was purchased at an average cost of $17.00 per share, with a total value of $17,000.00.

CTO Realty Growth Trading Down 0.3%

CTO Realty Growth stock opened at $16.53 on Friday. The firm has a 50 day moving average of $16.99 and a 200 day moving average of $17.82. The firm has a market capitalization of $544.50 million, a price-to-earnings ratio of -14.37 and a beta of 0.74. CTO Realty Growth, Inc. has a 12-month low of $16.12 and a 12-month high of $20.88. The company has a current ratio of 4.94, a quick ratio of 4.94 and a debt-to-equity ratio of 1.05.

CTO Realty Growth Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Thursday, September 11th will be issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 9.2%. The ex-dividend date of this dividend is Thursday, September 11th. CTO Realty Growth’s dividend payout ratio is currently -132.17%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Raymond James Financial reissued a “strong-buy” rating on shares of CTO Realty Growth in a report on Friday, May 23rd. Jones Trading reduced their target price on shares of CTO Realty Growth from $22.00 to $21.00 and set a “buy” rating for the company in a report on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $22.00.

Institutional Investors Weigh In On CTO Realty Growth

Several institutional investors and hedge funds have recently modified their holdings of the stock. Principal Financial Group Inc. raised its position in shares of CTO Realty Growth by 5.7% during the first quarter. Principal Financial Group Inc. now owns 15,998 shares of the company’s stock valued at $309,000 after buying an additional 859 shares during the last quarter. State of Alaska Department of Revenue raised its position in shares of CTO Realty Growth by 6.4% during the second quarter. State of Alaska Department of Revenue now owns 14,704 shares of the company’s stock valued at $253,000 after buying an additional 885 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in shares of CTO Realty Growth by 4.7% during the fourth quarter. The Manufacturers Life Insurance Company now owns 22,290 shares of the company’s stock valued at $439,000 after buying an additional 993 shares during the last quarter. Resona Asset Management Co. Ltd. raised its position in shares of CTO Realty Growth by 9.7% during the first quarter. Resona Asset Management Co. Ltd. now owns 11,435 shares of the company’s stock valued at $221,000 after buying an additional 1,011 shares during the last quarter. Finally, Penserra Capital Management LLC raised its position in shares of CTO Realty Growth by 1.9% during the second quarter. Penserra Capital Management LLC now owns 57,499 shares of the company’s stock valued at $992,000 after buying an additional 1,063 shares during the last quarter. Institutional investors 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.