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John P. Albright, President and CEO of CTO Realty Growth, Inc. (NYSE:CTO), recently purchased 3,800 shares of the company’s common stock. The transactions, which occurred on June 26, 2025, involved a weighted-average price of $17.0548 per share, resulting in a total value of $64,808. The prices for these shares ranged from $16.98 to $17.13. According to InvestingPro data, this purchase comes as the stock trades near its 52-week low of $16.12, while offering an attractive 8.9% dividend yield. Analysts maintain a bullish stance with price targets ranging from $19 to $23.
Following the transaction, Albright directly owns 628,347 shares of CTO Realty Growth, Inc. This amount includes 62,410 shares of restricted common stock which vest over time, which were previously reported. He also indirectly owns 355 shares through a Shanna E. Albright Rollover IRA. Want deeper insights into insider trading patterns and comprehensive financial analysis? InvestingPro offers detailed insider transaction history and 8 additional key insights about CTO’s financial health and market position.
In other recent news, CTO Realty Growth reported its first-quarter 2025 earnings, meeting analysts’ expectations with an earnings per share (EPS) of $0.01 and surpassing revenue forecasts with $35.81 million. The company also demonstrated a solid performance in Core Funds From Operations (FFO), which increased to $14.4 million compared to $10.7 million in the same quarter last year. In a separate development, Lucid (NASDAQ:LCID) Capital Markets adjusted its price target for CTO Realty to $21.00 from $23.00, maintaining a Buy recommendation despite lowering estimates for the company’s adjusted funds from operations (AFFO) and net asset value (NAV).
The firm noted an improvement in leasing and occupancy during the first quarter, although the pace of recognizing average base rent (ABR) from signed but not yet open properties slowed. CTO Realty Growth also faced scrutiny from Wolfpack Research, which released a short report accusing the company of misleading investors about dividend sustainability and alleging reliance on share dilution to cover a dividend shortfall. The report further claimed that CTO used a "manipulative definition" of Adjusted Funds From Operations (AFFO) and a "sham loan" to conceal tenant issues. Despite these challenges, CTO Realty Growth continues to focus on high-quality acquisitions and expects an investment volume of approximately $200 million for the year.
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