CTO Realty Growth, Inc. (NYSE:CTO) Declares $0.38 Quarterly Dividend

CTO Realty Growth, Inc. (NYSE:CTOGet Rating) declared a quarterly dividend on Tuesday, November 22nd, Zacks reports. Stockholders of record on Monday, December 12th will be paid a dividend of 0.38 per share on Friday, December 30th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 7.43%. The ex-dividend date of this dividend is Friday, December 9th.

CTO Realty Growth Stock Performance

Shares of CTO stock opened at $20.45 on Wednesday. The company has a current ratio of 4.82, a quick ratio of 4.82 and a debt-to-equity ratio of 0.83. The firm has a fifty day simple moving average of $19.39 and a two-hundred day simple moving average of $31.82. CTO Realty Growth has a 12 month low of $17.18 and a 12 month high of $23.07. The firm has a market capitalization of $384.46 million, a PE ratio of 115.76 and a beta of 0.77.

Insider Transactions at CTO Realty Growth

In other CTO Realty Growth news, major shareholder Cto Realty Growth, Inc. acquired 1,990 shares of CTO Realty Growth stock in a transaction on Wednesday, October 12th. The stock was purchased at an average price of $15.83 per share, for a total transaction of $31,501.70. Following the purchase, the insider now directly owns 28,676 shares of the company’s stock, valued at $453,941.08. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders have acquired 31,900 shares of company stock worth $537,832 in the last 90 days. Insiders own 5.20% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in CTO. Captrust Financial Advisors bought a new position in CTO Realty Growth in the 2nd quarter worth approximately $96,000. Acadian Asset Management LLC purchased a new position in shares of CTO Realty Growth in the first quarter valued at $152,000. JPMorgan Chase & Co. raised its stake in shares of CTO Realty Growth by 35.5% during the 1st quarter. JPMorgan Chase & Co. now owns 3,082 shares of the company’s stock valued at $205,000 after purchasing an additional 807 shares during the period. MetLife Investment Management LLC lifted its holdings in CTO Realty Growth by 57.0% during the 1st quarter. MetLife Investment Management LLC now owns 3,311 shares of the company’s stock worth $220,000 after purchasing an additional 1,202 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. bought a new position in CTO Realty Growth in the 1st quarter worth about $222,000. Hedge funds and other institutional investors own 20.86% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on CTO shares. B. Riley lowered their target price on shares of CTO Realty Growth from $24.00 to $23.00 in a report on Wednesday, November 2nd. StockNews.com assumed coverage on CTO Realty Growth in a research report on Wednesday, October 12th. They set a “sell” rating on the stock. TheStreet raised CTO Realty Growth from a “c” rating to a “b-” rating in a research report on Friday, August 19th. Finally, EF Hutton Acquisition Co. I raised their price objective on CTO Realty Growth from $24.00 to $25.00 and gave the company a “buy” rating in a research note on Monday, August 1st. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $24.33.

About CTO Realty Growth

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CTO Realty Growth, Inc is a Florida-based publicly traded real estate company, which owns income properties comprised of approximately 2.4 million square feet in diversified markets in the United States and an approximately 23.5% interest in Alpine Income Property Trust, Inc, a publicly traded net lease real estate investment trust (NYSE: PINE).

See Also

Dividend History for CTO Realty Growth (NYSE:CTO)

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