CTO Realty Growth, Inc. (NYSE:CTO) Shares Sold by Nisa Investment Advisors LLC

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

Several other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. lifted its position in shares of CTO Realty Growth by 12.5% in the second quarter. BlackRock Inc. now owns 1,827,377 shares of the company’s stock valued at $31,321,000 after acquiring an additional 203,538 shares in the last quarter. Vanguard Group Inc. lifted its position in CTO Realty Growth by 173.3% during the third quarter. Vanguard Group Inc. now owns 773,984 shares of the company’s stock worth $14,504,000 after buying an additional 490,827 shares in the last quarter. State Street Corp lifted its position in CTO Realty Growth by 27.8% during the first quarter. State Street Corp now owns 581,066 shares of the company’s stock worth $10,029,000 after buying an additional 126,457 shares in the last quarter. Geode Capital Management LLC lifted its position in CTO Realty Growth by 3.1% during the second quarter. Geode Capital Management LLC now owns 439,229 shares of the company’s stock worth $7,528,000 after buying an additional 13,050 shares in the last quarter. Finally, Ancora Advisors LLC lifted its position in CTO Realty Growth by 11.3% during the first quarter. Ancora Advisors LLC now owns 391,912 shares of the company’s stock worth $6,764,000 after buying an additional 39,768 shares in the last quarter. Hedge funds and other institutional investors own 67.18% of the company’s stock.

CTO Realty Growth Price Performance

CTO stock opened at $16.98 on Friday. The business has a fifty day moving average of $16.80 and a two-hundred day moving average of $16.75. 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 stock has a market cap of $387.31 million, a price-to-earnings ratio of 566.00 and a beta of 0.77. CTO Realty Growth, Inc. has a 52-week low of $15.63 and a 52-week high of $18.03.

CTO Realty Growth Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were paid a dividend of $0.38 per share. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $1.52 annualized dividend and a yield of 8.95%. CTO Realty Growth’s dividend payout ratio (DPR) is 5,066.67%.

Analyst Ratings Changes

CTO has been the topic of a number of analyst reports. StockNews.com upgraded CTO Realty Growth from a “sell” rating to a “hold” rating in a research report on Wednesday, December 27th. B. Riley reiterated a “buy” rating on shares of CTO Realty Growth in a research report on Friday, February 2nd. Finally, 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 price objective on the stock. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, 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.