EMC Capital Management Decreases Holdings in CTO Realty Growth, Inc. (NYSE:CTO)

EMC Capital Management reduced its holdings in shares of CTO Realty Growth, Inc. (NYSE:CTO) by 81.8% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,790 shares of the company’s stock after selling 12,522 shares during the quarter. EMC Capital Management’s holdings in CTO Realty Growth were worth $53,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in CTO. Vanguard Group Inc. boosted its holdings in CTO Realty Growth by 0.5% in the first quarter. Vanguard Group Inc. now owns 1,079,798 shares of the company’s stock valued at $18,303,000 after purchasing an additional 5,617 shares in the last quarter. Grace & White Inc. NY boosted its holdings in shares of CTO Realty Growth by 0.4% in the 2nd quarter. Grace & White Inc. NY now owns 604,041 shares of the company’s stock valued at $10,547,000 after buying an additional 2,602 shares in the last quarter. Ingalls & Snyder LLC grew its position in shares of CTO Realty Growth by 223.2% in the 2nd quarter. Ingalls & Snyder LLC now owns 395,870 shares of the company’s stock valued at $6,912,000 after buying an additional 273,400 shares during the last quarter. Russell Investments Group Ltd. raised its stake in 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 acquiring an additional 41,938 shares in the last quarter. Finally, LSV Asset Management lifted its position in CTO Realty Growth by 18.8% in the second quarter. LSV Asset Management now owns 381,960 shares of the company’s stock valued at $6,669,000 after acquiring an additional 60,480 shares during the last quarter. Hedge funds and other institutional investors own 67.18% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on CTO. Raymond James raised CTO Realty Growth from an “outperform” rating to a “strong-buy” rating and raised their price objective for the stock from $22.00 to $24.00 in a report on Wednesday. StockNews.com cut CTO Realty Growth from a “hold” rating to a “sell” rating in a research report on Monday, October 28th. Finally, Alliance Global Partners raised CTO Realty Growth to a “strong-buy” rating in a research report on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, two have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of $21.00.

Insider Buying and Selling

In other CTO Realty Growth news, Director Christopher W. Haga sold 3,000 shares of the company’s stock in a transaction on Monday, September 9th. The shares were 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 owns 44,988 shares in the company, valued at approximately $875,016.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 5.30% of the company’s stock.

CTO Realty Growth Trading Up 0.2 %

NYSE CTO opened at $19.38 on Friday. The firm’s fifty day moving average is $19.17 and its two-hundred day moving average is $18.40. CTO Realty Growth, Inc. has a one year low of $16.14 and a one year high of $21.15. The company has a debt-to-equity ratio of 0.88, a quick ratio of 3.96 and a current ratio of 3.96. The firm has a market cap of $448.07 million, a PE ratio of 32.85 and a beta of 0.76.

CTO Realty Growth (NYSE:CTO) last issued its quarterly earnings results on Thursday, October 24th. The company reported $0.17 earnings per share (EPS) 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 company had revenue of $31.81 million during the quarter, compared to analyst estimates of $30.15 million. During the same quarter last year, the firm earned $0.48 EPS. Analysts expect that CTO Realty Growth, Inc. will post 1.79 earnings per share for the current year.

CTO Realty Growth Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 12th were issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 7.84%. The ex-dividend date of this dividend was Thursday, September 12th. CTO Realty Growth’s dividend payout ratio is presently 257.63%.

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.