Exchange Traded Concepts LLC Decreases Stock Holdings in CTO Realty Growth, Inc. (NYSE:CTO)

Exchange Traded Concepts LLC decreased its position in CTO Realty Growth, Inc. (NYSE:CTO) by 29.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 122,960 shares of the company’s stock after selling 52,213 shares during the quarter. Exchange Traded Concepts LLC’s holdings in CTO Realty Growth were worth $2,424,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Signaturefd LLC increased its position in shares of 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 purchased a new position in shares of CTO Realty Growth during the third quarter valued at about $49,000. Point72 DIFC Ltd purchased a new position in shares of CTO Realty Growth during the third quarter valued at about $94,000. CWM LLC increased its position in shares of CTO Realty Growth by 65.6% during the third quarter. CWM LLC now owns 7,497 shares of the company’s stock valued at $143,000 after buying an additional 2,970 shares during the period. Finally, SG Americas Securities LLC purchased a new position in shares of CTO Realty Growth during the third quarter valued at about $176,000. Hedge funds and other institutional investors own 67.18% of the company’s stock.

CTO Realty Growth Price Performance

Shares of CTO opened at $19.42 on Monday. The stock has a market cap of $582.06 million, a PE ratio of 32.91 and a beta of 0.78. The company has a debt-to-equity ratio of 0.88, a quick ratio of 3.96 and a current ratio of 3.96. CTO Realty Growth, Inc. has a fifty-two week low of $16.16 and a fifty-two week high of $21.15. The firm’s 50-day simple moving average is $19.79 and its two-hundred day simple moving average is $19.46.

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 analysts’ consensus estimates of $0.44 by ($0.27). The business had revenue of $31.81 million during the quarter, compared to analysts’ expectations 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 last year, the company posted $0.48 EPS. Analysts anticipate that CTO Realty Growth, Inc. will post 1.81 earnings per share for the current fiscal year.

CTO Realty Growth Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Thursday, December 12th were paid a $0.38 dividend. The ex-dividend date of this dividend was Thursday, December 12th. This represents a $1.52 annualized dividend and a dividend yield of 7.83%. CTO Realty Growth’s dividend payout ratio is presently 257.63%.

Insider Activity at CTO Realty Growth

In related news, CEO John P. Albright sold 29,488 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $20.71, for a total transaction of $610,696.48. Following the transaction, the chief executive officer now owns 570,554 shares in the company, valued at $11,816,173.34. This represents a 4.91 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 5.30% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

CTO has been the topic of several research analyst reports. StockNews.com cut shares of CTO Realty Growth from a “hold” rating to a “sell” rating in a research report on Monday, October 28th. Raymond James upgraded shares of CTO Realty Growth from an “outperform” rating to a “strong-buy” rating and upped their price objective for the stock from $22.00 to $24.00 in a report on Wednesday, October 30th. One equities research 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. Based on data from MarketBeat.com, CTO Realty Growth has an average rating of “Buy” and an average target price of $21.00.

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.