Mraz Amerine & Associates Inc. Sells 7,185 Shares of CTO Realty Growth, Inc. (NYSE:CTO)

Mraz Amerine & Associates Inc. decreased its position in shares of CTO Realty Growth, Inc. (NYSE:CTO) by 23.3% during the third quarter, Holdings Channel.com reports. The institutional investor owned 23,639 shares of the company’s stock after selling 7,185 shares during the quarter. Mraz Amerine & Associates Inc.’s holdings in CTO Realty Growth were worth $450,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in CTO. Vanguard Group Inc. grew its holdings in CTO Realty Growth by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 1,079,798 shares of the company’s stock worth $18,303,000 after acquiring an additional 5,617 shares in the last quarter. Grace & White Inc. NY boosted its position in CTO Realty Growth by 0.4% during the 2nd quarter. Grace & White Inc. NY now owns 604,041 shares of the company’s stock valued at $10,547,000 after acquiring an additional 2,602 shares in the last quarter. Ingalls & Snyder LLC increased its holdings in shares of CTO Realty Growth by 223.2% in the 2nd quarter. Ingalls & Snyder LLC now owns 395,870 shares of the company’s stock valued at $6,912,000 after acquiring an additional 273,400 shares during the period. Russell Investments Group Ltd. raised its position in shares of 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 acquiring an additional 41,938 shares in the last quarter. Finally, LSV Asset Management lifted its stake in shares of CTO Realty Growth by 18.8% during the 2nd quarter. LSV Asset Management now owns 381,960 shares of the company’s stock worth $6,669,000 after purchasing an additional 60,480 shares during the last quarter. Hedge funds and other institutional investors own 67.18% of the company’s stock.

CTO Realty Growth Price Performance

Shares of CTO stock opened at $19.70 on Friday. CTO Realty Growth, Inc. has a fifty-two week low of $15.64 and a fifty-two week high of $21.15. The company has a debt-to-equity ratio of 0.98, a quick ratio of 3.42 and a current ratio of 3.42. The firm has a market capitalization of $452.04 million, a price-to-earnings ratio of 35.82 and a beta of 0.76. The stock’s 50-day simple moving average is $19.12 and its 200-day simple moving average is $18.32.

CTO Realty Growth (NYSE:CTO) last released its earnings results on Thursday, July 25th. The company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.42). The company had revenue of $28.85 million during the quarter, compared to analyst estimates of $27.46 million. CTO Realty Growth had a return on equity of 3.55% and a net margin of 14.52%. During the same quarter last year, the business earned $0.48 earnings per share. As a group, equities analysts forecast that CTO Realty Growth, Inc. will post 1.78 earnings per share for the current fiscal year.

CTO Realty Growth Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 12th were issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 7.72%. The ex-dividend date was Thursday, September 12th. CTO Realty Growth’s dividend payout ratio (DPR) is presently 276.36%.

Insider Activity at CTO Realty Growth

In related news, Director Christopher W. Haga sold 3,000 shares of the firm’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $19.45, for a total value of $58,350.00. Following the completion of the transaction, the director now owns 44,988 shares in the company, valued at $875,016.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 5.00% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

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

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.