CTO Realty Growth, Inc. (NYSE:CTO) Stock Holdings Lessened by Jane Street Group LLC

Jane Street Group LLC reduced its holdings in CTO Realty Growth, Inc. (NYSE:CTO) by 37.7% during the third quarter, HoldingsChannel reports. The institutional investor owned 13,355 shares of the company’s stock after selling 8,090 shares during the period. Jane Street Group LLC’s holdings in CTO Realty Growth were worth $254,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of CTO. Bank of New York Mellon Corp lifted its position in shares of CTO Realty Growth by 6.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 138,472 shares of the company’s stock worth $2,418,000 after buying an additional 8,172 shares during the last quarter. Rhumbline Advisers lifted its position in shares of CTO Realty Growth by 1.3% in the 2nd quarter. Rhumbline Advisers now owns 45,665 shares of the company’s stock worth $797,000 after buying an additional 606 shares during the last quarter. Quest Partners LLC lifted its position in shares of CTO Realty Growth by 75.4% in the 2nd quarter. Quest Partners LLC now owns 16,924 shares of the company’s stock worth $295,000 after buying an additional 7,276 shares during the last quarter. Oppenheimer Asset Management Inc. bought a new position in shares of CTO Realty Growth in the 2nd quarter worth about $178,000. Finally, Dimensional Fund Advisors LP lifted its position in shares of CTO Realty Growth by 0.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 299,434 shares of the company’s stock worth $5,228,000 after buying an additional 1,302 shares during the last quarter. 67.18% of the stock is currently owned by institutional investors.

Insider Buying and Selling at CTO Realty Growth

In other CTO Realty Growth news, CEO John P. Albright sold 29,488 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $20.71, for a total transaction of $610,696.48. Following the transaction, the chief executive officer now owns 570,554 shares of the company’s stock, valued at approximately $11,816,173.34. This trade represents a 4.91 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 5.30% of the stock is owned by corporate insiders.

CTO Realty Growth Stock Down 1.0 %

CTO stock opened at $19.12 on Friday. The company has a quick ratio of 3.96, a current ratio of 3.96 and a debt-to-equity ratio of 0.88. CTO Realty Growth, Inc. has a fifty-two week low of $16.16 and a fifty-two week high of $21.15. The firm’s 50-day simple moving average is $19.87 and its 200 day simple moving average is $19.29. The stock has a market cap of $573.14 million, a PE ratio of 32.41 and a beta of 0.78.

CTO Realty Growth (NYSE:CTO) last released its quarterly earnings data on Thursday, October 24th. The company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.27). CTO Realty Growth had a return on equity of 4.04% and a net margin of 17.10%. The firm had revenue of $31.81 million during the quarter, compared to analyst estimates of $30.15 million. During the same period last year, the business earned $0.48 EPS. As a group, sell-side analysts predict that CTO Realty Growth, Inc. will post 1.8 EPS for the current year.

CTO Realty Growth Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Thursday, December 12th were paid a dividend of $0.38 per share. The ex-dividend date of this dividend was Thursday, December 12th. This represents a $1.52 annualized dividend and a yield of 7.95%. CTO Realty Growth’s payout ratio is 257.63%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. 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 shares of CTO Realty Growth from an “outperform” rating to a “strong-buy” rating and increased 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 issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, CTO Realty Growth presently has a consensus rating of “Buy” and an average price target of $21.00.

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.