Consolidated-Tomoka Land (CTO) Cut to “Hold” at Zacks Investment Research

Consolidated-Tomoka Land (NYSEAMERICAN:CTO) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Thursday.

According to Zacks, “Consolidated-Tomoka Land Co. is primarily engaged in the real estate industry through its wholly owned subsidiaries. Real estate operations include commercial real estate, real estate development, residential and golf operations, property leasing, leasing properties for oil and mineral exploration and the sale of forest products. “

A number of other equities analysts have also weighed in on CTO. B. Riley reiterated a “buy” rating on shares of Consolidated-Tomoka Land in a research report on Wednesday, November 1st. FBR & Co reiterated a “buy” rating on shares of Consolidated-Tomoka Land in a research report on Thursday, October 19th. Finally, BidaskClub upgraded shares of Consolidated-Tomoka Land from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, September 26th.

Consolidated-Tomoka Land (CTO) traded up $0.15 during trading hours on Thursday, reaching $67.06. 3,390 shares of the company were exchanged, compared to its average volume of 19,213. Consolidated-Tomoka Land has a 1 year low of $49.73 and a 1 year high of $67.58. The stock has a market cap of $374.31, a price-to-earnings ratio of 16.72 and a beta of 1.14.

Consolidated-Tomoka Land (NYSEAMERICAN:CTO) last posted its quarterly earnings data on Wednesday, October 18th. The financial services provider reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.04). Consolidated-Tomoka Land had a net margin of 7.81% and a return on equity of 2.43%. The firm had revenue of $12.38 million during the quarter, compared to analysts’ expectations of $15.03 million.

In other Consolidated-Tomoka Land news, CEO John P. Albright sold 1,453 shares of the business’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of $62.87, for a total transaction of $91,350.11. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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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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