Hodges Capital Management Inc. Maintains Position in Consolidated-Tomoka Land Co. (NYSE:CTO)
Hodges Capital Management Inc. maintained its stake in shares of Consolidated-Tomoka Land Co. (NYSE:CTO) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 25,935 shares of the company’s stock at the end of the second quarter. Hodges Capital Management Inc.’s holdings in Consolidated-Tomoka Land were worth $1,477,000 as of its most recent SEC filing.
Shares of Consolidated-Tomoka Land Co. (NYSE:CTO) opened at 55.83 on Wednesday. Consolidated-Tomoka Land Co. has a 52 week low of $47.24 and a 52 week high of $58.28. The firm has a 50-day moving average of $55.73 and a 200 day moving average of $54.45. The company has a market cap of $313.88 million and a P/E ratio of 10.56.
Consolidated-Tomoka Land (NYSE:CTO) last issued its quarterly earnings results on Wednesday, July 19th. The company reported $0.67 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.42. The firm had revenue of $22.84 million for the quarter, compared to the consensus estimate of $13.23 million. Consolidated-Tomoka Land had a net margin of 16.11% and a return on equity of 9.30%.
The company also recently declared a semiannual dividend, which will be paid on Wednesday, August 30th. Stockholders of record on Thursday, August 10th will be given a $0.05 dividend. The ex-dividend date is Tuesday, August 8th. This represents a dividend yield of 0.18%. This is an increase from Consolidated-Tomoka Land’s previous semiannual dividend of $0.04.
Separately, Zacks Investment Research raised shares of Consolidated-Tomoka Land from a “strong sell” rating to a “buy” rating and set a $61.00 target price for the company in a research note on Tuesday, April 11th.
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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