EMC Capital Management Purchases 12,522 Shares of CTO Realty Growth, Inc. (NYSE:CTO)

EMC Capital Management boosted its position in shares of CTO Realty Growth, Inc. (NYSE:CTO) by 448.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 15,312 shares of the company’s stock after purchasing an additional 12,522 shares during the quarter. EMC Capital Management owned 0.05% of CTO Realty Growth worth $302,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of CTO. Charles Schwab Investment Management Inc. grew its holdings in shares of CTO Realty Growth by 162.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 161,291 shares of the company’s stock valued at $3,068,000 after buying an additional 99,943 shares during the period. Barclays PLC grew its stake 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 acquiring an additional 39,986 shares during the period. AXA S.A. acquired a new position in CTO Realty Growth in the second quarter valued at about $900,000. Sequoia Financial Advisors LLC bought a new stake in shares of CTO Realty Growth in the third quarter worth about $404,000. Finally, FMR LLC raised its position in shares of CTO Realty Growth by 461.4% during the third quarter. FMR LLC now owns 13,608 shares of the company’s stock worth $259,000 after purchasing an additional 11,184 shares during the period. Institutional investors own 67.18% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on CTO. Raymond James raised CTO Realty Growth from an “outperform” rating to a “strong-buy” rating and increased their target price for the stock from $22.00 to $24.00 in a research note on Wednesday, October 30th. StockNews.com lowered shares of CTO Realty Growth from a “hold” rating to a “sell” rating in a research note on Monday, October 28th. One equities 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 company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $21.00.

Insiders Place Their Bets

In other CTO Realty Growth news, CEO John P. Albright sold 29,488 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 5.30% of the company’s stock.

CTO Realty Growth Price Performance

Shares of CTO opened at $19.59 on Thursday. The company has a 50 day moving average of $19.79 and a 200-day moving average of $19.48. 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 market capitalization of $587.16 million, a P/E ratio of 33.19 and a beta of 0.78. CTO Realty Growth, Inc. has a twelve month low of $16.16 and a twelve month high of $21.15.

CTO Realty Growth Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Thursday, December 12th were paid a $0.38 dividend. The ex-dividend date was Thursday, December 12th. This represents a $1.52 annualized dividend and a yield of 7.76%. CTO Realty Growth’s payout ratio is currently 257.63%.

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.