Ativo Capital Management LLC Buys New Stake in Consolidated-Tomoka Land Co. (CTO)
Ativo Capital Management LLC bought a new position in shares of Consolidated-Tomoka Land Co. (NYSE:CTO) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 22,005 shares of the company’s stock, valued at approximately $1,253,000. Ativo Capital Management LLC owned 0.39% of Consolidated-Tomoka Land at the end of the most recent quarter.
Other institutional investors and hedge funds also recently modified their holdings of the company. PNC Financial Services Group Inc. acquired a new position in Consolidated-Tomoka Land during the second quarter worth about $136,000. Alliancebernstein L.P. acquired a new position in Consolidated-Tomoka Land during the second quarter worth about $214,000. Menta Capital LLC acquired a new position in Consolidated-Tomoka Land during the second quarter worth about $272,000. Teachers Advisors LLC grew its position in Consolidated-Tomoka Land by 2.9% during the second quarter. Teachers Advisors LLC now owns 7,051 shares of the company’s stock worth $402,000 after buying an additional 200 shares during the period. Finally, Chicago Equity Partners LLC acquired a new position in Consolidated-Tomoka Land during the second quarter worth about $614,000.
Separately, Zacks Investment Research lowered shares of Consolidated-Tomoka Land from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 24th.
Consolidated-Tomoka Land Co. (CTO) opened at 57.75 on Thursday. The firm has a market capitalization of $325.02 million and a price-to-earnings ratio of 10.95. Consolidated-Tomoka Land Co. has a 12 month low of $48.65 and a 12 month high of $58.33. The firm’s 50-day moving average is $54.93 and its 200 day moving average is $54.51.
Consolidated-Tomoka Land (NYSE:CTO) last released its quarterly earnings results on Wednesday, July 19th. The company reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.42. Consolidated-Tomoka Land had a net margin of 16.11% and a return on equity of 9.30%. The company had revenue of $22.84 million for the quarter, compared to the consensus estimate of $13.23 million.
The business also recently declared a semiannual dividend, which was paid on Wednesday, August 30th. Shareholders of record on Thursday, August 10th were given a dividend of $0.05 per share. This represents a dividend yield of 0.18%. This is an increase from Consolidated-Tomoka Land’s previous semiannual dividend of $0.04. The ex-dividend date was Tuesday, August 8th.
In other Consolidated-Tomoka Land news, CFO Mark E. Patten sold 2,640 shares of the business’s stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $54.88, for a total transaction of $144,883.20. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
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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