Concorde Asset Management LLC Increases Stake in CTO Realty Growth, Inc. (NYSE:CTO)

Concorde Asset Management LLC boosted its position in shares of CTO Realty Growth, Inc. (NYSE:CTO) by 27.8% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 14,950 shares of the company’s stock after purchasing an additional 3,250 shares during the period. Concorde Asset Management LLC’s holdings in CTO Realty Growth were worth $284,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Farmers & Merchants Investments Inc. purchased a new stake in shares of CTO Realty Growth during the 2nd quarter valued at about $26,000. EntryPoint Capital LLC purchased a new stake in shares of CTO Realty Growth during the 1st quarter valued at about $31,000. Signaturefd LLC boosted its holdings in shares of CTO Realty Growth by 45.4% during the 3rd quarter. Signaturefd LLC now owns 1,785 shares of the company’s stock valued at $34,000 after acquiring an additional 557 shares during the last quarter. Copeland Capital Management LLC purchased a new stake in shares of CTO Realty Growth during the 3rd quarter valued at about $49,000. Finally, CWM LLC boosted its holdings in shares of CTO Realty Growth by 17.5% during the 2nd quarter. CWM LLC now owns 4,527 shares of the company’s stock valued at $79,000 after acquiring an additional 673 shares during the last quarter. 67.18% of the stock is owned by hedge funds and other 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 CTO Realty Growth stock in a transaction that occurred on 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 $11,816,173.34. The trade was a 4.91 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Christopher W. Haga sold 3,000 shares of the business’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $19.19, for a total transaction of $57,570.00. Following the completion of the transaction, the director now directly owns 44,988 shares in the company, valued at $863,319.72. This trade represents a 6.25 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 35,488 shares of company stock valued at $726,616 over the last 90 days. 5.30% of the stock is currently owned by corporate insiders.

CTO Realty Growth Stock Performance

CTO opened at $19.66 on Friday. The company has a current ratio of 3.96, a quick ratio of 3.96 and a debt-to-equity ratio of 0.88. The company has a market cap of $589.41 million, a price-to-earnings ratio of 33.32 and a beta of 0.76. The company’s 50 day moving average is $19.36 and its 200 day moving average is $18.69. CTO Realty Growth, Inc. has a 12-month low of $16.16 and a 12-month high of $21.15.

CTO Realty Growth (NYSE:CTO) last posted its quarterly earnings data on Thursday, October 24th. The company reported $0.17 earnings per share (EPS) 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 business had revenue of $31.81 million during the quarter, compared to analysts’ expectations of $30.15 million. During the same period in the previous year, the business posted $0.48 EPS. On average, equities research analysts predict that CTO Realty Growth, Inc. will post 1.79 EPS for the current year.

CTO Realty Growth Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Thursday, December 12th will be issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 7.73%. The ex-dividend date of this dividend is Thursday, December 12th. CTO Realty Growth’s dividend payout ratio is currently 257.63%.

Analyst Upgrades and Downgrades

CTO has been the topic of a number of recent analyst reports. Alliance Global Partners raised shares of CTO Realty Growth to a “strong-buy” rating in a report on Friday, July 26th. Raymond James upgraded 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 research note on Wednesday, October 30th. Finally, StockNews.com downgraded shares of CTO Realty Growth from a “hold” rating to a “sell” rating in a report on Monday, October 28th. One investment analyst has rated the stock with a sell rating, two have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, CTO Realty Growth presently has an average rating of “Buy” and an average price target of $21.00.

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.