State of New Jersey Common Pension Fund D Has $2.55 Million Stock Holdings in CTO Realty Growth, Inc. (NYSE:CTO)

State of New Jersey Common Pension Fund D decreased its position in CTO Realty Growth, Inc. (NYSE:CTO) by 32.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 146,068 shares of the company’s stock after selling 69,932 shares during the quarter. State of New Jersey Common Pension Fund D owned 0.64% of CTO Realty Growth worth $2,550,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in CTO. Jump Financial LLC bought a new stake in shares of CTO Realty Growth in the 4th quarter worth about $192,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of CTO Realty Growth by 25.7% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 12,449 shares of the company’s stock worth $213,000 after purchasing an additional 2,543 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its holdings in shares of CTO Realty Growth by 3.7% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 22,200 shares of the company’s stock worth $385,000 after purchasing an additional 800 shares during the last quarter. Cutler Capital Management LLC grew its holdings in shares of CTO Realty Growth by 18.5% in the 4th quarter. Cutler Capital Management LLC now owns 136,772 shares of the company’s stock worth $2,370,000 after purchasing an additional 21,317 shares during the last quarter. Finally, Heitman Real Estate Securities LLC grew its holdings in shares of CTO Realty Growth by 8.6% in the 4th quarter. Heitman Real Estate Securities LLC now owns 941,612 shares of the company’s stock worth $16,318,000 after purchasing an additional 74,939 shares during the last quarter. Institutional investors own 67.18% of the company’s stock.

Wall Street Analyst Weigh In

CTO has been the topic of several analyst reports. Raymond James upped their target price on shares of CTO Realty Growth from $20.00 to $22.00 and gave the stock an “outperform” rating in a report on Friday, August 16th. Alliance Global Partners raised shares of CTO Realty Growth to a “strong-buy” rating in a report on Friday, July 26th. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $20.33.

CTO Realty Growth Stock Up 0.4 %

Shares of NYSE:CTO opened at $19.30 on Thursday. CTO Realty Growth, Inc. has a 12 month low of $15.63 and a 12 month high of $21.15. The company’s 50-day moving average price is $19.18 and its two-hundred day moving average price is $17.91. The company has a quick ratio of 3.42, a current ratio of 3.42 and a debt-to-equity ratio of 0.98. The firm has a market cap of $442.86 million, a P/E ratio of 35.18 and a beta of 0.76.

CTO Realty Growth (NYSE:CTO) last released its earnings results on Thursday, July 25th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.42). CTO Realty Growth had a net margin of 14.52% and a return on equity of 3.55%. The business had revenue of $28.85 million for the quarter, compared to analyst estimates of $27.46 million. During the same quarter in the previous year, the company posted $0.48 earnings per share. As a group, research analysts forecast that CTO Realty Growth, Inc. will post 1.77 EPS for the current fiscal year.

CTO Realty Growth Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Thursday, September 12th will be given a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $1.52 dividend on an annualized basis and a yield of 7.88%. CTO Realty Growth’s payout ratio is presently 276.36%.

Insider Buying and Selling at CTO Realty Growth

In other CTO Realty Growth news, Director Christopher W. Haga sold 3,000 shares of the company’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $19.45, for a total transaction of $58,350.00. Following the transaction, the director now directly owns 44,988 shares in the company, valued at approximately $875,016.60. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, major shareholder Cto Realty Growth, Inc. purchased 6,562 shares of the business’s stock in a transaction that occurred on Tuesday, July 9th. The shares were acquired at an average cost of $14.99 per share, for a total transaction of $98,364.38. Following the transaction, the insider now directly owns 202,918 shares of the company’s stock, valued at approximately $3,041,740.82. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Christopher W. Haga sold 3,000 shares of the stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $19.45, for a total transaction of $58,350.00. Following the completion of the sale, the director now owns 44,988 shares in the company, valued at $875,016.60. The disclosure for this sale can be found here. In the last three months, insiders have acquired 20,783 shares of company stock worth $311,441. Company insiders own 5.00% of the company’s stock.

About CTO Realty Growth

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.