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

Mutual of America Capital Management LLC cut its position in shares of CTO Realty Growth, Inc. (NYSE:CTO) by 2.6% during the 3rd quarter, Holdings Channel reports. The firm owned 123,927 shares of the company’s stock after selling 3,367 shares during the period. Mutual of America Capital Management LLC’s holdings in CTO Realty Growth were worth $2,357,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of CTO. Hsbc Holdings PLC grew its holdings in CTO Realty Growth by 145.0% during the second quarter. Hsbc Holdings PLC now owns 88,707 shares of the company’s stock worth $1,531,000 after acquiring an additional 52,500 shares during the period. LDR Capital Management LLC bought a new position in shares of CTO Realty Growth during the 2nd quarter valued at about $483,000. AXA S.A. acquired a new position in shares of CTO Realty Growth in the 2nd quarter worth approximately $900,000. Sequoia Financial Advisors LLC bought a new stake in shares of CTO Realty Growth in the 3rd quarter worth approximately $404,000. Finally, CWM LLC lifted its stake in CTO Realty Growth by 65.6% during the third quarter. CWM LLC now owns 7,497 shares of the company’s stock valued at $143,000 after purchasing an additional 2,970 shares during the last quarter. Institutional investors own 67.18% of the company’s stock.

CTO Realty Growth Price Performance

Shares of NYSE:CTO opened at $19.81 on Friday. The company has a market cap of $593.90 million, a P/E ratio of 33.58 and a beta of 0.76. The company’s fifty day moving average is $19.38 and its two-hundred day moving average is $18.72. The company has a quick ratio of 3.96, a current ratio of 3.96 and a debt-to-equity ratio of 0.88. CTO Realty Growth, Inc. has a 12-month low of $16.16 and a 12-month high of $21.15.

CTO Realty Growth (NYSE:CTO) last announced its quarterly earnings data on Thursday, October 24th. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.27). The business had revenue of $31.81 million during the quarter, compared to analysts’ expectations of $30.15 million. CTO Realty Growth had a return on equity of 4.04% and a net margin of 17.10%. During the same period in the prior year, the company posted $0.48 earnings per share. Equities analysts expect that CTO Realty Growth, Inc. will post 1.79 earnings per share for the current fiscal year.

CTO Realty Growth Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Thursday, December 12th will be given a $0.38 dividend. The ex-dividend date is Thursday, December 12th. This represents a $1.52 dividend on an annualized basis and a yield of 7.67%. CTO Realty Growth’s payout ratio is 257.63%.

Analyst Ratings Changes

Several research analysts have issued reports on the company. StockNews.com cut CTO Realty Growth from a “hold” rating to a “sell” rating in a report on Monday, October 28th. Raymond James raised CTO Realty Growth from an “outperform” rating to a “strong-buy” rating and boosted their target price for the stock from $22.00 to $24.00 in a research report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, two have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $21.00.

Insiders Place Their Bets

In other news, Director Christopher W. Haga sold 3,000 shares of the firm’s stock in a transaction dated Monday, September 9th. The stock was 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 directly owns 44,988 shares of the company’s stock, valued at $875,016.60. This trade represents a 6.25 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO John P. Albright sold 29,488 shares of CTO Realty Growth stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $20.71, for a total value of $610,696.48. Following the sale, the chief executive officer now owns 570,554 shares of the company’s stock, valued at approximately $11,816,173.34. This represents a 4.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 35,488 shares of company stock worth $726,616 in the last quarter. 5.30% of the stock is currently owned by corporate insiders.

CTO Realty Growth Profile

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.