Consolidated-Tomoka Land (NYSEAMERICAN:CTO) has been given a $82.00 price target by analysts at B. Riley in a research note issued on Thursday. The firm presently has a “buy” rating on the financial services provider’s stock. B. Riley’s target price would indicate a potential upside of 28.93% from the stock’s current price.
A number of other equities research analysts have also recently commented on CTO. Zacks Investment Research cut Consolidated-Tomoka Land from a “hold” rating to a “strong sell” rating in a research report on Monday, January 29th. FBR & Co restated a “buy” rating on shares of Consolidated-Tomoka Land in a research report on Thursday, October 19th.
Consolidated-Tomoka Land (NYSEAMERICAN:CTO) traded down $0.11 during midday trading on Thursday, hitting $63.60. The company’s stock had a trading volume of 2,182 shares, compared to its average volume of 21,455. The stock has a market cap of $365.60, a price-to-earnings ratio of 15.59 and a beta of 1.03. Consolidated-Tomoka Land has a twelve month low of $49.73 and a twelve month high of $67.58.
Hedge funds have recently bought and sold shares of the stock. Acadian Asset Management LLC boosted its holdings in Consolidated-Tomoka Land by 396.3% in the 4th quarter. Acadian Asset Management LLC now owns 1,628 shares of the financial services provider’s stock worth $104,000 after buying an additional 1,300 shares during the last quarter. PenderFund Capital Management Ltd. acquired a new stake in Consolidated-Tomoka Land in the 4th quarter worth about $104,000. Bessemer Group Inc. acquired a new stake in Consolidated-Tomoka Land in the 4th quarter worth about $330,000. Boston Partners acquired a new stake in Consolidated-Tomoka Land in the 4th quarter worth about $1,112,000. Finally, Mraz Amerine & Associates Inc. boosted its holdings in Consolidated-Tomoka Land by 25.6% in the 4th quarter. Mraz Amerine & Associates Inc. now owns 43,420 shares of the financial services provider’s stock worth $2,247,000 after buying an additional 8,845 shares during the last quarter.
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About Consolidated-Tomoka Land
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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