CTO Realty Growth, Inc. (NYSE:CTO) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lessened its stake in CTO Realty Growth, Inc. (NYSE:CTO) by 0.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 123,357 shares of the company’s stock after selling 570 shares during the period. Mutual of America Capital Management LLC owned about 0.41% of CTO Realty Growth worth $2,431,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Proficio Capital Partners LLC acquired a new position in shares of CTO Realty Growth in the fourth quarter worth $240,000. Los Angeles Capital Management LLC grew its stake in shares of CTO Realty Growth by 2.3% in the fourth quarter. Los Angeles Capital Management LLC now owns 96,540 shares of the company’s stock worth $1,903,000 after acquiring an additional 2,200 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of CTO Realty Growth by 15.1% in the fourth quarter. Bank of New York Mellon Corp now owns 153,338 shares of the company’s stock worth $3,022,000 after acquiring an additional 20,064 shares in the last quarter. Leeward Investments LLC MA acquired a new position in shares of CTO Realty Growth in the fourth quarter worth $1,706,000. Finally, LDR Capital Management LLC grew its stake in shares of CTO Realty Growth by 237.8% in the fourth quarter. LDR Capital Management LLC now owns 68,412 shares of the company’s stock worth $1,348,000 after acquiring an additional 48,162 shares in the last quarter. Institutional investors and hedge funds own 67.18% of the company’s stock.

CTO Realty Growth Stock Performance

NYSE:CTO opened at $19.29 on Friday. The firm has a market capitalization of $614.19 million, a PE ratio of -87.67 and a beta of 0.77. The business’s fifty day moving average price is $19.59 and its 200 day moving average price is $19.53. The company has a debt-to-equity ratio of 0.88, a current ratio of 3.96 and a quick ratio of 3.96. CTO Realty Growth, Inc. has a 12 month low of $16.33 and a 12 month high of $21.15.

CTO Realty Growth (NYSE:CTO) last posted its earnings results on Thursday, February 20th. The company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.01 by $0.48. CTO Realty Growth had a negative return on equity of 0.38% and a negative net margin of 1.58%. The firm had revenue of $35.74 million for the quarter, compared to analyst estimates of $33.39 million. On average, sell-side analysts anticipate that CTO Realty Growth, Inc. will post 1.92 earnings per share for the current fiscal year.

CTO Realty Growth Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 13th will be paid a $0.38 dividend. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $1.52 annualized dividend and a yield of 7.88%. CTO Realty Growth’s dividend payout ratio is presently -690.91%.

Wall Street Analysts Forecast Growth

CTO has been the subject of several research reports. B. Riley restated a “buy” rating and issued a $23.00 price target (up previously from $22.50) on shares of CTO Realty Growth in a research note on Wednesday. StockNews.com lowered CTO Realty Growth from a “hold” rating to a “sell” rating in a report on Saturday, March 1st. One investment analyst has rated the stock with a sell rating, two have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, CTO Realty Growth currently has a consensus rating of “Buy” and an average target price of $21.50.

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.