Mraz Amerine & Associates Inc. Sells 5,706 Shares of CTO Realty Growth, Inc. (NYSE:CTO)

Mraz Amerine & Associates Inc. reduced its holdings in CTO Realty Growth, Inc. (NYSE:CTO) by 7.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 66,621 shares of the company’s stock after selling 5,706 shares during the period. Mraz Amerine & Associates Inc. owned approximately 0.29% of CTO Realty Growth worth $1,155,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in CTO. Ancora Advisors LLC increased its position in shares of CTO Realty Growth by 0.5% during the third quarter. Ancora Advisors LLC now owns 376,575 shares of the company’s stock valued at $6,104,000 after purchasing an additional 1,926 shares during the period. Asset Management One Co. Ltd. boosted its stake in CTO Realty Growth by 41.8% in the 4th quarter. Asset Management One Co. Ltd. now owns 43,925 shares of the company’s stock valued at $774,000 after buying an additional 12,956 shares in the last quarter. Quadrature Capital Ltd acquired a new stake in CTO Realty Growth in the 3rd quarter valued at $260,000. Penserra Capital Management LLC boosted its stake in CTO Realty Growth by 14.5% in the 3rd quarter. Penserra Capital Management LLC now owns 29,364 shares of the company’s stock valued at $475,000 after buying an additional 3,710 shares in the last quarter. Finally, Brown Advisory Inc. boosted its stake in CTO Realty Growth by 7.3% in the 3rd quarter. Brown Advisory Inc. now owns 366,105 shares of the company’s stock valued at $5,935,000 after buying an additional 25,048 shares in the last quarter. 67.18% of the stock is owned by institutional investors.

CTO Realty Growth Trading Up 0.5 %

Shares of CTO Realty Growth stock traded up $0.07 during trading hours on Wednesday, hitting $16.62. The company’s stock had a trading volume of 148,431 shares, compared to its average volume of 126,425. CTO Realty Growth, Inc. has a 12 month low of $15.63 and a 12 month high of $18.03. The stock has a 50 day moving average of $16.79 and a 200 day moving average of $16.74. The company has a market capitalization of $378.99 million, a PE ratio of 553.83 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.

CTO Realty Growth Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were given 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 dividend yield of 9.15%. CTO Realty Growth’s dividend payout ratio is currently 5,066.67%.

Analysts Set New Price Targets

Several analysts recently commented on the company. Alliance Global Partners assumed coverage on CTO Realty Growth in a research note on Monday, April 8th. They issued a “buy” rating and a $20.00 price target on the stock. StockNews.com raised CTO Realty Growth from a “sell” rating to a “hold” rating in a research note on Wednesday, December 27th. Finally, B. Riley reaffirmed a “buy” rating on shares of CTO Realty Growth in a research note on Friday, February 2nd. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target 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.