Mutual of America Capital Management LLC Purchases 25,221 Shares of CTO Realty Growth, Inc. (NYSE:CTO)

Mutual of America Capital Management LLC increased its position in CTO Realty Growth, Inc. (NYSE:CTO) by 24.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 127,294 shares of the company’s stock after purchasing an additional 25,221 shares during the period. Mutual of America Capital Management LLC’s holdings in CTO Realty Growth were worth $2,223,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Heitman Real Estate Securities LLC boosted its stake in 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 in the last quarter. Russell Investments Group Ltd. boosted its stake in CTO Realty Growth by 11.9% in the 1st quarter. Russell Investments Group Ltd. now owns 393,252 shares of the company’s stock worth $6,666,000 after purchasing an additional 41,938 shares in the last quarter. LDR Capital Management LLC bought a new position in CTO Realty Growth in the 2nd quarter worth about $483,000. CWM LLC lifted its stake in CTO Realty Growth by 17.5% during the 2nd quarter. CWM LLC now owns 4,527 shares of the company’s stock valued at $79,000 after acquiring an additional 673 shares during the period. Finally, Farmers & Merchants Investments Inc. purchased a new stake in shares of CTO Realty Growth during the 2nd quarter valued at about $26,000. Institutional investors own 67.18% of the company’s stock.

Insider Transactions at CTO Realty Growth

In other news, Director Christopher W. Haga sold 3,000 shares of the stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $19.19, for a total value of $57,570.00. Following the transaction, the director now owns 44,988 shares in the company, valued at approximately $863,319.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, major shareholder Cto Realty Growth, Inc. bought 6,262 shares of the firm’s stock in a transaction on Friday, July 5th. The shares were bought at an average price of $15.00 per share, for a total transaction of $93,930.00. Following the purchase, the insider now owns 196,356 shares in the company, valued at $2,945,340. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Christopher W. Haga sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $19.19, for a total transaction of $57,570.00. Following the sale, the director now owns 44,988 shares in the company, valued at approximately $863,319.72. The disclosure for this sale can be found here. Insiders have acquired 20,783 shares of company stock worth $311,441 in the last quarter. Company insiders own 5.00% of the company’s stock.

Analyst Ratings Changes

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

CTO Realty Growth Stock Performance

Shares of NYSE CTO opened at $18.92 on Wednesday. The firm’s 50-day moving average price is $19.28 and its 200-day moving average price is $17.98. CTO Realty Growth, Inc. has a 52-week low of $15.63 and a 52-week high of $21.15. 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 company has a market cap of $434.14 million, a PE ratio of 34.40 and a beta of 0.76.

CTO Realty Growth (NYSE:CTO) last issued its quarterly earnings data on Thursday, July 25th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.42). CTO Realty Growth had a return on equity of 3.55% and a net margin of 14.52%. The business had revenue of $28.85 million during the quarter, compared to the consensus estimate of $27.46 million. During the same quarter last year, the company earned $0.48 EPS. As a group, analysts anticipate that CTO Realty Growth, Inc. will post 1.77 EPS for the current year.

CTO Realty Growth Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Thursday, September 12th will be paid a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 8.03%. The ex-dividend date is Thursday, September 12th. CTO Realty Growth’s dividend payout ratio (DPR) is presently 276.36%.

CTO Realty Growth Company 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.