Understanding the Risks of Investing in CTO Realty Growth Inc. (CTO)


CTO Realty Growth Inc.’s recent filing unveils that its 10% Owner CTO Realty Growth, Inc. acquired Company’s shares for reported $0.21 million on Mar 20. In the deal valued at $16.31 per share,12,639 shares were bought. As a result of this transaction, CTO Realty Growth, Inc. now holds 173,097 shares worth roughly $ 3.05 million.

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Then, CTO Realty Growth, Inc. bought 23,113 shares, generating $371,176 in total proceeds. Upon buying the shares at $16.06, the 10% Owner now owns 160,458 shares.

Before that, CTO Realty Growth, Inc. bought 23,350 shares. CTO Realty Growth Inc. shares valued at $376,056 were divested by the 10% Owner at a price of $16.11 per share. As a result of the transaction, CTO Realty Growth, Inc. now holds 137,345 shares, worth roughly $2.42 million.

Raymond James initiated its CTO Realty Growth Inc. [CTO] rating to an Outperform in a research note published on Friday, June 17, 2022; the price target was $69. PT values the company’s stock at a premium of 74.49 to its Friday closing price.

Price Performance Review of CTO

On Friday, CTO Realty Growth Inc. [NYSE:CTO] saw its stock fall -0.11% to $17.60. On the same session, the stock had its day’s lowest price of $17.5612, but rose to a high of $17.705. Over the last five days, the stock has gained 2.80%. CTO Realty Growth Inc. shares have fallen nearly -3.72% since the year began. Nevertheless, the stocks have fallen -16.63% over the past one year. While a 52-week high of $21.33 was reached on 02/02/23, a 52-week low of $15.70 was recorded on 05/25/23. SMA at 50 days reached $17.32, while 200 days put it at $17.64. A total of 84682.0 shares were traded, compared to the trading of 0.11 million shares in the previous session.

Levels Of Support And Resistance For CTO Stock

The 24-hour chart illustrates a support level at 17.54, which if violated will result in even more drops to 17.48. On the upside, there is a resistance level at 17.68. A further resistance level may holdings at 17.77. The Relative Strength Index (RSI) on the 14-day chart is 58.83, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.55, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 13.99%. Stochastics %K at 87.52% indicates the stock is a selling.

How much short interest is there in CTO Realty Growth Inc.?

A steep rise in short interest was recorded in CTO Realty Growth Inc. stocks on Aug 14, 2023, dropping by -0.14 million shares to a total of 0.96 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 1.1 million shares. There was a decline of -14.15%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 4.47% of the overall stock float, the days-to-cover ratio (short ratio) fell to 11.19.

CTO Realty Growth Inc. [CTO] – Who Are The Largest Shareholders?

In filings from BlackRock Fund Advisors, it is revealed that the company now owns 1,645,681 shares, or roughly 7.25% of the outstanding CTO shares. In other words, the investor’s shares have risen by 162,068 from its previous 13-F filing of 1483613.0. Additionally, The Vanguard Group, Inc. decreased -0.49% of its stake after which the total value it holdings stand at $18,283,283, while Heitman Real Estate Securities LL reduced -9.08% of its stake to hold $15.01 million in the firm. Over the last quarter, Grace & White, Inc. purchased 14,267 shares of CTO Realty Growth Inc., while Russell Investment Management LLC bought 158,319 shares. At present, SSgA Funds Management, Inc. is holding 490,340 shares valued at $8.58 million. Chilton Capital Management LLC owned 472,318 shares of the company at the time of its most recent 13F filing, worth $8.27 million.

According to FactSet, CTO Realty Growth Inc.’s share price will average $20.93 in the next year, based on opinions of analysts polled by the firm. This is up nearly 19.18 percent from its previous closing price of $17.62. Analysts expect CTO Realty Growth Inc. stock to reach the higher price of $25.00, while the lowest price estimate is $18.00. However, 7 analysts have rated CTO stock as a Buy in their predictions for 2023.


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