Mutual of America Capital Management LLC Lowers Stock Position in CTO Realty Growth, Inc. (NYSE:CTO)

Mutual of America Capital Management LLC lowered its position in CTO Realty Growth, Inc. (NYSE:CTOGet Rating) by 1.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,139 shares of the company’s stock after selling 686 shares during the period. Mutual of America Capital Management LLC owned about 0.20% of CTO Realty Growth worth $2,270,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in CTO. Grace & White Inc. NY boosted its position in CTO Realty Growth by 214.0% during the second quarter. Grace & White Inc. NY now owns 414,138 shares of the company’s stock worth $8,437,000 after purchasing an additional 282,253 shares during the period. Vanguard Group Inc. boosted its position in shares of CTO Realty Growth by 2.6% in the first quarter. Vanguard Group Inc. now owns 285,540 shares of the company’s stock valued at $18,937,000 after acquiring an additional 7,363 shares during the period. State Street Corp boosted its position in shares of CTO Realty Growth by 36.9% in the first quarter. State Street Corp now owns 163,201 shares of the company’s stock valued at $10,823,000 after acquiring an additional 43,961 shares during the period. Brown Advisory Inc. boosted its position in shares of CTO Realty Growth by 2.5% in the first quarter. Brown Advisory Inc. now owns 128,192 shares of the company’s stock valued at $8,502,000 after acquiring an additional 3,102 shares during the period. Finally, LSV Asset Management boosted its position in shares of CTO Realty Growth by 166.6% in the first quarter. LSV Asset Management now owns 81,455 shares of the company’s stock valued at $5,402,000 after acquiring an additional 50,903 shares during the period. Hedge funds and other institutional investors own 20.86% of the company’s stock.

Insider Activity

In other CTO Realty Growth news, major shareholder Cto Realty Growth, Inc. bought 1,750 shares of the company’s stock in a transaction dated Wednesday, September 14th. The shares were purchased at an average price of $17.84 per share, for a total transaction of $31,220.00. Following the acquisition, the insider now owns 934,824 shares in the company, valued at approximately $16,677,260.16. The purchase was disclosed in a filing with the SEC, which is available at this link. In the last 90 days, insiders have acquired 31,900 shares of company stock worth $537,832. Corporate insiders own 5.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. TheStreet upgraded shares of CTO Realty Growth from a “c” rating to a “b-” rating in a research report on Friday, August 19th. StockNews.com assumed coverage on shares of CTO Realty Growth in a report on Wednesday, October 12th. They issued a “sell” rating on the stock. B. Riley cut their target price on shares of CTO Realty Growth from $24.00 to $23.00 in a report on Wednesday, November 2nd. Finally, EF Hutton Acquisition Co. I raised their target price on shares of CTO Realty Growth from $24.00 to $25.00 and gave the stock a “buy” rating in a report on Monday, August 1st. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, CTO Realty Growth has an average rating of “Moderate Buy” and a consensus price target of $24.33.

CTO Realty Growth Stock Performance

NYSE:CTO opened at $20.35 on Thursday. The stock has a market cap of $382.58 million, a P/E ratio of 115.19 and a beta of 0.77. The firm’s fifty day simple moving average is $19.41 and its 200 day simple moving average is $31.74. CTO Realty Growth, Inc. has a twelve month low of $17.18 and a twelve month high of $23.07. The company has a quick ratio of 4.82, a current ratio of 4.82 and a debt-to-equity ratio of 0.83.

CTO Realty Growth Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 30th. Investors of record on Monday, December 12th will be issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 7.47%. The ex-dividend date of this dividend is Friday, December 9th. CTO Realty Growth’s dividend payout ratio (DPR) is currently 860.41%.

About CTO Realty Growth

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CTO Realty Growth, Inc is a Florida-based publicly traded real estate company, which owns income properties comprised of approximately 2.4 million square feet in diversified markets in the United States and an approximately 23.5% interest in Alpine Income Property Trust, Inc, a publicly traded net lease real estate investment trust (NYSE: PINE).

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Institutional Ownership by Quarter for CTO Realty Growth (NYSE:CTO)

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