Nisa Investment Advisors LLC Sells 1,466 Shares of CTO Realty Growth, Inc. (NYSE:CTO)

Nisa Investment Advisors LLC lessened its position in shares of CTO Realty Growth, Inc. (NYSE:CTO) by 13.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,347 shares of the company’s stock after selling 1,466 shares during the quarter. Nisa Investment Advisors LLC’s holdings in CTO Realty Growth were worth $178,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in CTO. Farmers & Merchants Investments Inc. bought a new stake in CTO Realty Growth during the 2nd quarter worth about $26,000. EntryPoint Capital LLC acquired a new stake in shares of CTO Realty Growth during the 1st quarter worth approximately $31,000. Signaturefd LLC raised its stake in shares of CTO Realty Growth by 45.4% during the third quarter. Signaturefd LLC now owns 1,785 shares of the company’s stock worth $34,000 after buying an additional 557 shares during the last quarter. Copeland Capital Management LLC acquired a new position in CTO Realty Growth in the third quarter valued at approximately $49,000. Finally, CWM LLC boosted its stake in CTO Realty Growth by 17.5% in the second 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 last quarter. Institutional investors and hedge funds own 67.18% of the company’s stock.

Analyst Upgrades and Downgrades

CTO has been the topic of a number of analyst reports. Raymond James raised CTO Realty Growth from an “outperform” rating to a “strong-buy” rating and increased their price target for the company from $22.00 to $24.00 in a research note on Wednesday, October 30th. Alliance Global Partners raised shares of CTO Realty Growth to a “strong-buy” rating in a research note on Friday, July 26th. Finally, StockNews.com cut shares of CTO Realty Growth from a “hold” rating to a “sell” rating in a research report on Monday, October 28th. One analyst has rated the stock with a sell rating, two have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, CTO Realty Growth currently has an average rating of “Buy” and a consensus price target of $21.00.

Insiders Place Their Bets

In related news, Director Christopher W. Haga sold 3,000 shares of the stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $19.45, for a total transaction of $58,350.00. Following the sale, the director now owns 44,988 shares of the company’s stock, valued at $875,016.60. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 5.30% of the company’s stock.

CTO Realty Growth Stock Performance

CTO opened at $20.02 on Thursday. The firm has a market capitalization of $600.20 million, a PE ratio of 33.93 and a beta of 0.76. The company has a debt-to-equity ratio of 0.88, a quick ratio of 3.96 and a current ratio of 3.96. CTO Realty Growth, Inc. has a 52-week low of $16.14 and a 52-week high of $21.15. The business’s 50-day simple moving average is $19.21 and its 200 day simple moving average is $18.50.

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

CTO Realty Growth Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 12th were paid a dividend of $0.38 per share. The ex-dividend date was Thursday, September 12th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 7.59%. CTO Realty Growth’s dividend payout ratio (DPR) is currently 257.63%.

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.