Naples Global Advisors LLC Has $1.04 Million Stake in CTO Realty Growth, Inc. (NYSE:CTO)

Naples Global Advisors LLC cut its stake in CTO Realty Growth, Inc. (NYSE:CTO) by 5.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 59,621 shares of the company’s stock after selling 3,190 shares during the period. Naples Global Advisors LLC owned approximately 0.26% of CTO Realty Growth worth $1,041,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in CTO. Heitman Real Estate Securities LLC boosted its position in shares of CTO Realty Growth by 8.6% during the fourth quarter. Heitman Real Estate Securities LLC now owns 941,612 shares of the company’s stock worth $16,318,000 after buying an additional 74,939 shares during the period. State of New Jersey Common Pension Fund D boosted its stake in shares of CTO Realty Growth by 8.6% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 190,000 shares of the company’s stock worth $3,293,000 after buying an additional 15,000 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in shares of CTO Realty Growth by 11.9% during the 1st quarter. Russell Investments Group Ltd. now owns 393,252 shares of the company’s stock worth $6,666,000 after buying an additional 41,938 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in shares of CTO Realty Growth by 19.1% in the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 24,976 shares of the company’s stock valued at $433,000 after acquiring an additional 4,000 shares in the last quarter. Finally, Jump Financial LLC acquired a new stake in shares of CTO Realty Growth in the fourth quarter valued at about $192,000. Institutional investors own 67.18% of the company’s stock.

Insider Buying and Selling

In other news, major shareholder Cto Realty Growth, Inc. acquired 6,262 shares of the stock in a transaction on Friday, July 5th. The shares were purchased at an average price of $15.00 per share, for a total transaction of $93,930.00. Following the transaction, the insider now directly owns 196,356 shares of the company’s stock, valued at $2,945,340. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. In the last ninety days, insiders bought 21,804 shares of company stock valued at $326,747. Insiders own 5.00% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on CTO shares. Jonestrading decreased their price target on CTO Realty Growth from $21.00 to $19.00 and set a “buy” rating for the company in a research note on Monday, May 6th. Raymond James raised their target price on shares of CTO Realty Growth from $20.00 to $22.00 and gave the company an “outperform” rating in a research note on Friday. Finally, Alliance Global Partners raised shares of CTO Realty Growth to a “strong-buy” rating in a research report on Friday, July 26th. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $20.33.

CTO Realty Growth Stock Performance

Shares of CTO traded up $0.05 during mid-day trading on Friday, reaching $19.27. The company’s stock had a trading volume of 212,856 shares, compared to its average volume of 130,961. The company has a current ratio of 3.42, a quick ratio of 3.42 and a debt-to-equity ratio of 0.98. CTO Realty Growth, Inc. has a 1-year low of $15.63 and a 1-year high of $20.28. The business has a 50-day simple moving average of $18.42 and a two-hundred day simple moving average of $17.52. The stock has a market cap of $442.17 million, a P/E ratio of 35.04 and a beta of 0.76.

CTO Realty Growth (NYSE:CTO) last announced its quarterly earnings results on Thursday, July 25th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.42). The business had revenue of $28.85 million for the quarter, compared to analyst estimates of $27.46 million. CTO Realty Growth had a net margin of 14.52% and a return on equity of 3.55%. During the same period in the prior year, the business earned $0.48 EPS. As a group, equities research analysts anticipate that CTO Realty Growth, Inc. will post 1.61 earnings per share for the current fiscal year.

CTO Realty Growth Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Thursday, June 13th were issued a dividend of $0.38 per share. The ex-dividend date was Thursday, June 13th. This represents a $1.52 annualized dividend and a yield of 7.89%. CTO Realty Growth’s payout ratio is currently 276.36%.

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.