LDR Capital Management LLC Has $385,000 Stock Position in CTO Realty Growth, Inc. (NYSE:CTO)

LDR Capital Management LLC trimmed its position in shares of CTO Realty Growth, Inc. (NYSE:CTO) by 26.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,250 shares of the company’s stock after selling 7,422 shares during the period. LDR Capital Management LLC owned 0.09% of CTO Realty Growth worth $385,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Farmers & Merchants Investments Inc. acquired a new stake in CTO Realty Growth during the second quarter worth about $26,000. EntryPoint Capital LLC acquired a new stake in shares of CTO Realty Growth during the 1st quarter worth approximately $31,000. Copeland Capital Management LLC acquired a new stake in shares of CTO Realty Growth during the 3rd quarter worth approximately $49,000. CWM LLC grew its position 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 during the period. Finally, SG Americas Securities LLC bought a new position in CTO Realty Growth during the 3rd quarter valued at $176,000. 67.18% of the stock is owned by institutional investors.

Insider Transactions at CTO Realty Growth

In other news, Director Christopher W. Haga sold 3,000 shares of the stock in a transaction on Monday, September 9th. The stock was sold at an average price of $19.45, for a total value of $58,350.00. Following the sale, the director now directly owns 44,988 shares of the company’s stock, valued at approximately $875,016.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 5.00% of the company’s stock.

CTO Realty Growth Price Performance

Shares of CTO Realty Growth stock opened at $19.45 on Tuesday. The company has a quick ratio of 3.42, a current ratio of 3.42 and a debt-to-equity ratio of 0.98. The company has a market cap of $446.30 million, a PE ratio of 35.36 and a beta of 0.76. The business has a 50 day moving average of $19.11 and a 200 day moving average of $18.28. CTO Realty Growth, Inc. has a 52 week low of $15.64 and a 52 week high of $21.15.

CTO Realty Growth (NYSE:CTO) last announced its earnings results on Thursday, July 25th. The company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.42). The business had revenue of $28.85 million for the quarter, compared to the consensus estimate 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 quarter in the prior year, the company earned $0.48 EPS. As a group, equities research analysts forecast that CTO Realty Growth, Inc. will post 1.78 earnings per share for the current year.

CTO Realty Growth Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 12th were paid a $0.38 dividend. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 7.81%. CTO Realty Growth’s dividend payout ratio is currently 276.36%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on CTO. Alliance Global Partners upgraded CTO Realty Growth to a “strong-buy” rating in a research note on Friday, July 26th. Raymond James boosted their target price on CTO Realty Growth from $20.00 to $22.00 and gave the stock an “outperform” rating in a research report on Friday, August 16th. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $20.33.

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.