CTO Realty Growth, Inc. $CTO Stake Trimmed by LSV Asset Management

LSV Asset Management cut its position in shares of CTO Realty Growth, Inc. (NYSE:CTO) by 4.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 551,152 shares of the company’s stock after selling 27,765 shares during the quarter. LSV Asset Management owned 1.67% of CTO Realty Growth worth $9,513,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of CTO Realty Growth by 13.0% in the first quarter. Vanguard Group Inc. now owns 2,842,294 shares of the company’s stock worth $54,885,000 after acquiring an additional 327,505 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in CTO Realty Growth by 1,861.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 320,899 shares of the company’s stock worth $6,197,000 after purchasing an additional 304,536 shares during the period. Strs Ohio purchased a new position in CTO Realty Growth during the 1st quarter worth approximately $2,860,000. Nuveen LLC purchased a new position in CTO Realty Growth during the 1st quarter worth approximately $2,646,000. Finally, APG Asset Management US Inc. raised its stake in CTO Realty Growth by 39.5% during the 1st quarter. APG Asset Management US Inc. now owns 460,001 shares of the company’s stock valued at $8,906,000 after purchasing an additional 130,238 shares during the period. 67.18% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at CTO Realty Growth

In other news, CEO John P. Albright acquired 2,000 shares of the company’s stock in a transaction that occurred on Thursday, September 11th. The shares were purchased at an average price of $16.38 per share, for a total transaction of $32,760.00. Following the completion of the acquisition, the chief executive officer owned 634,547 shares of the company’s stock, valued at approximately $10,393,879.86. This represents a 0.32% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last three months, insiders purchased 8,950 shares of company stock valued at $147,739. Insiders own 4.00% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on CTO. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of CTO Realty Growth in a research report on Wednesday, October 8th. Zacks Research raised CTO Realty Growth to a “strong-buy” rating in a research note on Tuesday, October 21st. Finally, Jones Trading restated a “buy” rating and set a $21.00 price objective on shares of CTO Realty Growth in a research report on Wednesday, October 29th. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, CTO Realty Growth presently has an average rating of “Buy” and a consensus target price of $22.00.

CTO Realty Growth Trading Down 1.5%

CTO Realty Growth stock opened at $17.07 on Thursday. CTO Realty Growth, Inc. has a 12 month low of $15.06 and a 12 month high of $20.88. The company has a quick ratio of 4.94, a current ratio of 3.96 and a debt-to-equity ratio of 1.08. The stock has a market cap of $552.69 million, a P/E ratio of -13.23 and a beta of 0.76. The company’s fifty day simple moving average is $16.39 and its 200-day simple moving average is $17.12.

CTO Realty Growth (NYSE:CTO) last announced its quarterly earnings data on Tuesday, October 28th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.46). CTO Realty Growth had a negative return on equity of 5.72% and a negative net margin of 22.77%.The firm had revenue of $34.62 million for the quarter, compared to analysts’ expectations of $37.83 million. CTO Realty Growth has set its FY 2025 guidance at 1.840-1.87 EPS. As a group, sell-side analysts forecast that CTO Realty Growth, Inc. will post 1.92 EPS for the current fiscal year.

CTO Realty Growth announced that its board has approved a stock buyback program on Wednesday, September 24th that allows the company to repurchase $10.00 million in shares. This repurchase authorization allows the company to purchase up to 1.9% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s leadership believes its stock is undervalued.

CTO Realty Growth Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Thursday, December 11th will be issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 8.9%. The ex-dividend date is Thursday, December 11th. CTO Realty Growth’s payout ratio is currently -117.83%.

CTO Realty Growth 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.