Consolidated-Tomoka Land Co. (CTO) Given a $80.00 Price Target at B. Riley
B. Riley set a $80.00 target price on Consolidated-Tomoka Land Co. (NYSEAMERICAN:CTO) in a research report sent to investors on Monday morning. The brokerage currently has a buy rating on the financial services provider’s stock.
A number of other research analysts have also recently commented on the company. Zacks Investment Research cut Consolidated-Tomoka Land from a strong-buy rating to a hold rating in a research note on Monday, July 24th. BidaskClub cut Consolidated-Tomoka Land from a hold rating to a sell rating in a research note on Thursday, July 27th. Finally, FBR & Co set a $80.00 price objective on Consolidated-Tomoka Land and gave the stock a buy rating in a research note on Tuesday, October 31st.
Consolidated-Tomoka Land (CTO) opened at $58.66 on Monday. Consolidated-Tomoka Land has a 52 week low of $49.73 and a 52 week high of $61.70.
Consolidated-Tomoka Land (NYSEAMERICAN:CTO) last released its earnings results on Wednesday, October 18th. The financial services provider reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.04). The business had revenue of $12.38 million for the quarter, compared to the consensus estimate of $15.03 million. Consolidated-Tomoka Land had a net margin of 7.81% and a return on equity of 2.43%.
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The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Friday, November 10th will be paid a $0.05 dividend. The ex-dividend date is Thursday, November 9th. This represents a $0.20 annualized dividend and a yield of 0.34%. Consolidated-Tomoka Land’s dividend payout ratio (DPR) is currently 4.99%.
In related news, CFO Mark E. Patten sold 2,640 shares of the stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $54.88, for a total value of $144,883.20. The sale was disclosed in a legal filing 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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