CTO Realty Growth, Inc. (NYSE:CTO) Short Interest Update

CTO Realty Growth, Inc. (NYSE:CTO) was the target of a significant growth in short interest in the month of July. As of July 15th, there was short interest totalling 1,010,000 shares, a growth of 8.7% from the June 30th total of 929,300 shares. Based on an average trading volume of 127,500 shares, the days-to-cover ratio is currently 7.9 days.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on CTO shares. Jonestrading decreased their price target on CTO Realty Growth from $21.00 to $19.00 and set a “buy” rating for the company in a research report on Monday, May 6th. Alliance Global Partners upgraded shares of 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 hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $19.33.

CTO Realty Growth Trading Down 0.4 %

NYSE CTO opened at $20.07 on Thursday. The company has a market capitalization of $464.02 million, a PE ratio of 36.52 and a beta of 0.76. CTO Realty Growth has a 1-year low of $15.63 and a 1-year high of $20.28. The company has a current ratio of 3.42, a quick ratio of 3.42 and a debt-to-equity ratio of 0.98. The firm’s fifty day simple moving average is $17.93 and its 200-day simple moving average is $17.27.

CTO Realty Growth (NYSE:CTO) last posted its quarterly earnings results on Thursday, July 25th. The company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.42). CTO Realty Growth had a return on equity of 3.55% and a net margin of 14.52%. The firm had revenue of $28.85 million for the quarter, compared to analysts’ expectations of $27.46 million. During the same period last year, the business earned $0.48 earnings per share. As a group, sell-side analysts anticipate that CTO Realty Growth will post 1.61 earnings per share for the current fiscal year.

CTO Realty Growth Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, June 13th were given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 7.57%. The ex-dividend date was Thursday, June 13th. CTO Realty Growth’s payout ratio is 276.37%.

Insider Activity at CTO Realty Growth

In other news, major shareholder Cto Realty Growth, Inc. acquired 6,262 shares of the company’s stock in a transaction dated Friday, July 5th. The shares were bought at an average price of $15.00 per share, with a total value of $93,930.00. Following the purchase, the insider now owns 196,356 shares of the company’s stock, valued at $2,945,340. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders have purchased 21,804 shares of company stock worth $326,747 over the last quarter. 5.00% of the stock is currently owned by company insiders.

Institutional Trading of CTO Realty Growth

Institutional investors and hedge funds have recently made changes to their positions in the stock. EntryPoint Capital LLC bought a new position in CTO Realty Growth in the 1st quarter worth $31,000. AJOVista LLC bought a new stake in CTO Realty Growth during the 4th quarter valued at approximately $63,000. CWM LLC grew its holdings 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 buying an additional 673 shares during the last quarter. Jump Financial LLC bought a new position in CTO Realty Growth in the 4th quarter worth approximately $192,000. Finally, PNC Financial Services Group Inc. grew its stake in shares of CTO Realty Growth by 19.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 11,963 shares of the company’s stock worth $207,000 after acquiring an additional 1,925 shares during the last quarter. Institutional investors and hedge funds own 67.18% of the company’s stock.

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.