State Of Alaska Department Of Revenue Makes New US$164,000 Investment In CTO Realty Growth, Inc.
State of Alaska Department of Revenue bought a new position in CTO Realty Growth, Inc. (CTO – Get Rating) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 8,789 shares of the company’s stock, valued at approximately US$164,000.
A number of other institutional investors also recently modified their holdings of the stock. Grace & White Inc. NY raised its stake in shares of CTO Realty Growth by 214.0 per cent in the second quarter. Grace & White Inc. NY now owns 414,138 shares of the company’s stock worth US$8,437,000 after acquiring an additional 282,253 shares during the last quarter. Vanguard Group Inc. grew its position in shares of CTO Realty Growth by 2.6 per cent during the 1st quarter. Vanguard Group Inc. now owns 285,540 shares of the company’s stock worth US$18,937,000 after buying an additional 7,363 shares during the period. State Street Corp grew its position in shares of CTO Realty Growth by 36.9 per cent during the 1st quarter. State Street Corp now owns 163,201 shares of the company’s stock worth US$10,823,000 after buying an additional 43,961 shares during the period. Naples Global Advisors LLC grew its position in shares of CTO Realty Growth by 222.2 per cent during the 3rd quarter. Naples Global Advisors LLC now owns 91,501 shares of the company’s stock worth US$1,715,000 after buying an additional 63,101 shares during the period. Finally, LSV Asset Management grew its position in shares of CTO Realty Growth by 166.6 per cent during the 1st quarter. LSV Asset Management now owns 81,455 shares of the company’s stock worth US$5,402,000 after buying an additional 50,903 shares during the period. 47.48 per cent of the stock is owned by institutional investors.
CTO Realty Growth Stock Down 1.1 %
CTO Realty Growth stock opened at US$18.74 on Monday. The stock has a market capitalization of US$428.04 million, a PE ratio of 106.08 and a beta of 0.79. CTO Realty Growth, Inc. has a twelve month low of US$17.18 and a twelve month high of US$23.07. The company has a quick ratio of 4.82, a current ratio of 4.82 and a debt-to-equity ratio of 0.83. The company has a 50 day moving average of US$19.18 and a 200-day moving average of US$20.22.
CTO Realty Growth Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, December 30th. Stockholders of record on Monday, December 12th were issued a US$0.38 dividend. This represents a US$1.52 annualized dividend and a dividend yield of 8.11 per cent. The ex-dividend date was Friday, December 9th. CTO Realty Growth’s dividend payout ratio (DPR) is presently 860.41 per cent.
Wall Street Analyst Weigh In
Several equities research analysts have recently commented on the stock. StockNews.com assumed coverage on shares of CTO Realty Growth in a research report on Wednesday, October 12th. They set a “sell” rating for the company. TheStreet cut shares of CTO Realty Growth from a “b-” rating to a “c” rating in a research report on Thursday, December 1st. B. Riley decreased their price objective on shares of CTO Realty Growth from US$24.00 to US$23.00 in a report on Wednesday, November 2nd. Jonestrading decreased their price objective on shares of CTO Realty Growth from US$27.00 to US$26.00 and set a “buy” rating for the company in a report on Friday, January 6th. Finally, Raymond James decreased their price objective on shares of CTO Realty Growth from US$26.00 to US$22.00 and set an “outperform” rating for the company in a report on Wednesday, January 4th. One analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of US$23.40.
Insider Activity
In related news, major shareholder CTO Realty Growth, Inc. purchased 1,580 shares of CTO Realty Growth stock in a transaction dated Monday, October 24th. The stock was bought at an average price of US$17.74 per share, for a total transaction of US$28,029.20. Following the completion of the acquisition, the insider now directly owns 43,840 shares of the company’s stock, valued at US$777,721.60. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders purchased 5,580 shares of company stock worth US$96,309 over the last quarter. 5.20 per cent of the stock is currently owned by company insiders.
CTO Realty Growth Company Profile (Get Rating)
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 per cent interest in Alpine Income Property Trust, Inc, a publicly traded net lease real estate investment trust (PINE).
