News coverage about Consolidated-Tomoka Land (NYSE:CTO) has been trending somewhat positive this week, Accern reports. Accern identifies positive and negative news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Consolidated-Tomoka Land earned a coverage optimism score of 0.15 on Accern’s scale. Accern also assigned news coverage about the company an impact score of 45.2626469222633 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Separately, Zacks Investment Research upgraded Consolidated-Tomoka Land from a “hold” rating to a “strong-buy” rating and set a $66.00 price target on the stock in a research report on Friday, July 21st.
Shares of Consolidated-Tomoka Land (CTO) traded down 1.29% during trading on Thursday, hitting $58.23. The company’s stock had a trading volume of 30,227 shares. The stock has a market cap of $327.72 million and a PE ratio of 11.04. The company has a 50-day moving average price of $57.40 and a 200-day moving average price of $55.42. Consolidated-Tomoka Land has a one year low of $48.65 and a one year high of $61.70.
In other news, CFO Mark E. Patten sold 2,640 shares of the business’s stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $54.88, for a total transaction of $144,883.20. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
Consolidated-Tomoka Land Company Profile
Consolidated-Tomoka Land Co is a real estate operating company. As of December 31, 2016, the Company owned and managed 31 commercial real estate properties in 10 states in the United States. Its segments include Income Properties, Commercial Loan Investments, Real Estate Operations, Golf Operations, and Agriculture and Other.
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