CTO Realty Growth, Inc. (NYSE:CTO) Shares Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. increased its stake in CTO Realty Growth, Inc. (NYSE:CTO) by 4.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 63,683 shares of the company’s stock after acquiring an additional 2,500 shares during the period. JPMorgan Chase & Co.’s holdings in CTO Realty Growth were worth $1,211,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Hsbc Holdings PLC grew its holdings in CTO Realty Growth by 145.0% during the 2nd quarter. Hsbc Holdings PLC now owns 88,707 shares of the company’s stock worth $1,531,000 after acquiring an additional 52,500 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of CTO Realty Growth by 162.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 161,291 shares of the company’s stock worth $3,068,000 after purchasing an additional 99,943 shares in the last quarter. Barclays PLC increased its holdings in CTO Realty Growth by 251.1% in the third quarter. Barclays PLC now owns 55,911 shares of the company’s stock valued at $1,063,000 after buying an additional 39,986 shares during the last quarter. AXA S.A. acquired a new stake in CTO Realty Growth in the second quarter valued at $900,000. Finally, Sequoia Financial Advisors LLC purchased a new stake in CTO Realty Growth during the 3rd quarter worth about $404,000. 67.18% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently commented on CTO shares. StockNews.com downgraded shares of CTO Realty Growth from a “hold” rating to a “sell” rating in a research report on Monday, October 28th. 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, October 30th. One research analyst has rated the stock with a sell rating, two have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, CTO Realty Growth has an average rating of “Buy” and an average price target of $21.00.

CTO Realty Growth Trading Up 0.6 %

NYSE:CTO opened at $19.42 on Friday. CTO Realty Growth, Inc. has a 52-week low of $16.16 and a 52-week high of $21.15. The company has a quick ratio of 3.96, a current ratio of 3.96 and a debt-to-equity ratio of 0.88. The stock has a fifty day simple moving average of $19.79 and a 200-day simple moving average of $19.43. The company has a market capitalization of $582.06 million, a PE ratio of 32.91 and a beta of 0.78.

CTO Realty Growth (NYSE:CTO) last released its quarterly earnings results on Thursday, October 24th. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.27). The company had revenue of $31.81 million for the quarter, compared to analysts’ expectations of $30.15 million. CTO Realty Growth had a return on equity of 4.04% and a net margin of 17.10%. During the same period in the previous year, the business posted $0.48 EPS. On average, equities research analysts expect that CTO Realty Growth, Inc. will post 1.81 earnings per share for the current fiscal year.

CTO Realty Growth Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Thursday, December 12th were issued a $0.38 dividend. The ex-dividend date of this dividend was Thursday, December 12th. This represents a $1.52 annualized dividend and a yield of 7.83%. CTO Realty Growth’s dividend payout ratio (DPR) is presently 257.63%.

Insiders Place Their Bets

In related news, CEO John P. Albright sold 29,488 shares of CTO Realty Growth stock in a transaction on Monday, November 11th. The stock was sold at an average price of $20.71, for a total value of $610,696.48. Following the transaction, the chief executive officer now owns 570,554 shares in the company, valued at approximately $11,816,173.34. This trade represents a 4.91 % decrease in their ownership of the stock. The sale was disclosed in a legal 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 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.