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Daniel Earl Smith, SVP, GEN COUNSEL & CORP SECRET at CTO Realty Growth, Inc. (NYSE:CTO), recently purchased 1,000 shares of the company’s common stock. The transactions, which occurred on June 26, 2025, involved a purchase with prices ranging from $16.93 to $17.01, resulting in a total value of $17,001.
Following the transaction, Smith directly owns 193,496 shares of CTO Realty Growth, Inc. common stock, which includes 31,103 shares of restricted common stock which vest over time, which were previously reported.
Smith also indirectly holds 3,000 shares through the Kathyleen R. Smith WFCS Custodian Trad IRA and another 3,000 shares through Kathyleen R. Smith TOD.
In other recent news, CTO Realty Growth reported its financial results for the first quarter of 2025, meeting analysts’ expectations with an earnings per share (EPS) of $0.01, while revenue surpassed forecasts, reaching $35.81 million. The company demonstrated a solid performance, with Core Funds From Operations (FFO) increasing to $14.4 million from $10.7 million in the same quarter the previous year. Despite a short report from Wolfpack Research alleging issues with dividend sustainability and financial reporting, CTO Realty Growth maintained a strong liquidity position with nearly $140 million available. Lucid (NASDAQ:LCID) Capital Markets adjusted its price target for CTO Realty Group to $21.00 from $23.00, maintaining a Buy recommendation, citing revised estimates for adjusted funds from operations (AFFO) and net asset value (NAV). The company reported progress in leasing and an improvement in occupancy, although the recognition rate of average base rent from signed but not yet open properties decelerated. Lucid Capital Markets also adjusted its 2026 AFFO estimates upwards, anticipating higher occupancy rates. CTO Realty Growth continues to focus on high-quality acquisitions, projecting an investment volume of approximately $200 million for the year.
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