Nisa Investment Advisors LLC Trims Stock Position in CTO Realty Growth, Inc. (NYSE:CTO)

Nisa Investment Advisors LLC cut its stake in shares of CTO Realty Growth, Inc. (NYSE:CTO) by 6.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 10,774 shares of the company’s stock after selling 705 shares during the period. Nisa Investment Advisors LLC’s holdings in CTO Realty Growth were worth $187,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Harbour Investments Inc. purchased a new stake in CTO Realty Growth during the 2nd quarter valued at approximately $31,000. Advisory Services Network LLC acquired a new position in CTO Realty Growth during the 1st quarter worth approximately $35,000. CWM LLC increased its position in CTO Realty Growth by 695.6% during the 3rd quarter. CWM LLC now owns 3,620 shares of the company’s stock worth $59,000 after purchasing an additional 3,165 shares during the period. FMR LLC increased its position in CTO Realty Growth by 50.5% during the 3rd quarter. FMR LLC now owns 3,876 shares of the company’s stock worth $63,000 after purchasing an additional 1,301 shares during the period. Finally, Tower Research Capital LLC TRC increased its position in CTO Realty Growth by 1,435.5% during the 3rd quarter. Tower Research Capital LLC TRC now owns 4,975 shares of the company’s stock worth $93,000 after purchasing an additional 4,651 shares during the period. 67.18% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CTO has been the topic of several recent analyst reports. StockNews.com upgraded CTO Realty Growth from a “sell” rating to a “hold” rating in a research report on Wednesday, December 27th. Alliance Global Partners initiated coverage on CTO Realty Growth in a research report on Monday, April 8th. They set a “buy” rating and a $20.00 target price on the stock. Finally, B. Riley reiterated a “buy” rating on shares of CTO Realty Growth in a research report on Friday, February 2nd. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, CTO Realty Growth has an average rating of “Moderate Buy” and a consensus target price of $20.00.

CTO Realty Growth Stock Performance

CTO opened at $16.98 on Friday. The stock has a market cap of $387.31 million, a P/E ratio of 566.00 and a beta of 0.77. The company has a debt-to-equity ratio of 1.08, a current ratio of 3.77 and a quick ratio of 3.77. The stock’s 50 day simple moving average is $16.80 and its 200 day simple moving average is $16.75. CTO Realty Growth, Inc. has a 1-year low of $15.63 and a 1-year high of $18.03.

CTO Realty Growth Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 8.95%. The ex-dividend date was Wednesday, March 13th. CTO Realty Growth’s dividend payout ratio is currently 5,066.67%.

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.