Mutual of America Capital Management LLC Sells 1,808 Shares of CTO Realty Growth, Inc. (NYSE:CTO)

Mutual of America Capital Management LLC decreased its stake in CTO Realty Growth, Inc. (NYSE:CTO) by 1.7% during the 4th quarter, HoldingsChannel.com reports. The fund owned 106,323 shares of the company’s stock after selling 1,808 shares during the period. Mutual of America Capital Management LLC’s holdings in CTO Realty Growth were worth $1,843,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. BlackRock Inc. increased its holdings in CTO Realty Growth by 182.6% in the 3rd quarter. BlackRock Inc. now owns 1,438,001 shares of the company’s stock worth $26,949,000 after acquiring an additional 929,193 shares during the last quarter. Vanguard Group Inc. grew its position in shares of CTO Realty Growth by 173.3% in the third quarter. Vanguard Group Inc. now owns 773,984 shares of the company’s stock valued at $14,504,000 after purchasing an additional 490,827 shares in the last quarter. State Street Corp raised its stake in shares of CTO Realty Growth by 181.5% during the 3rd quarter. State Street Corp now owns 452,653 shares of the company’s stock valued at $8,483,000 after purchasing an additional 291,858 shares during the period. Alyeska Investment Group L.P. purchased a new stake in CTO Realty Growth during the 4th quarter worth about $5,027,000. Finally, Dimensional Fund Advisors LP boosted its stake in CTO Realty Growth by 196.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 234,978 shares of the company’s stock worth $4,403,000 after purchasing an additional 155,821 shares during the period. 67.18% of the stock is currently owned by hedge funds and other institutional investors.

CTO Realty Growth Stock Performance

NYSE:CTO opened at $16.98 on Monday. 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 quick ratio of 3.77, a current ratio of 3.77 and a debt-to-equity ratio of 1.08. The business’s 50-day moving average price is $16.80 and its two-hundred day moving average price is $16.76. CTO Realty Growth, Inc. has a twelve month low of $15.63 and a twelve month high of $18.03.

CTO Realty Growth Announces Dividend

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

Wall Street Analyst Weigh In

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

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.