CTO Realty Growth, Inc. (NYSE:CTO) Shares Purchased by Heitman Real Estate Securities LLC

Heitman Real Estate Securities LLC grew its holdings in shares of CTO Realty Growth, Inc. (NYSE:CTO) by 26.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 989,073 shares of the company’s stock after purchasing an additional 205,383 shares during the quarter. Heitman Real Estate Securities LLC owned approximately 3.30% of CTO Realty Growth worth $18,812,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Truvestments Capital LLC increased its position in CTO Realty Growth by 0.4% during the 3rd quarter. Truvestments Capital LLC now owns 155,734 shares of the company’s stock worth $2,962,000 after purchasing an additional 551 shares in the last quarter. Signaturefd LLC lifted 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 valued at $34,000 after acquiring an additional 557 shares in the last quarter. Rhumbline Advisers boosted its position in CTO Realty Growth by 1.3% during the 2nd quarter. Rhumbline Advisers now owns 45,665 shares of the company’s stock worth $797,000 after purchasing an additional 606 shares during the period. CWM LLC increased its holdings in CTO Realty Growth by 17.5% in the 2nd quarter. CWM LLC now owns 4,527 shares of the company’s stock valued at $79,000 after purchasing an additional 673 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in CTO Realty Growth by 4.5% in the third quarter. The Manufacturers Life Insurance Company now owns 21,297 shares of the company’s stock valued at $405,000 after purchasing an additional 915 shares during the period. 67.18% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Christopher W. Haga sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $19.45, for a total transaction of $58,350.00. Following the completion of the transaction, the director now directly owns 44,988 shares of the company’s stock, valued at approximately $875,016.60. This represents a 6.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 value 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 position. The disclosure for this sale can be found here. 5.30% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on CTO. StockNews.com downgraded shares of CTO Realty Growth from a “hold” rating to a “sell” rating in a research note on Monday, October 28th. Raymond James raised CTO Realty Growth from an “outperform” rating to a “strong-buy” rating and increased their price target for the company from $22.00 to $24.00 in a report on Wednesday, October 30th. One investment 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’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $21.00.

CTO Realty Growth Price Performance

Shares of CTO stock opened at $20.21 on Tuesday. The firm has a market cap of $605.90 million, a P/E ratio of 34.25 and a beta of 0.77. The firm has a fifty day moving average of $19.49 and a two-hundred day moving average of $18.85. The company has a debt-to-equity ratio of 0.88, a current ratio of 3.96 and a quick ratio of 3.96. CTO Realty Growth, Inc. has a 1-year low of $16.16 and a 1-year high of $21.15.

CTO Realty Growth (NYSE:CTO) last announced its quarterly earnings data 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 firm had revenue of $31.81 million during the quarter, compared to the consensus estimate of $30.15 million. During the same period in the prior year, the firm earned $0.48 earnings per share. As a group, research analysts anticipate that CTO Realty Growth, Inc. will post 1.8 earnings per share for the current fiscal year.

CTO Realty Growth Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Thursday, December 12th will be issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 7.52%. The ex-dividend date of this dividend is Thursday, December 12th. CTO Realty Growth’s dividend payout ratio is presently 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.