Consolidated-Tomoka Land (CTO) Rating Lowered 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 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 recently commented on CTO. BidaskClub raised shares of Consolidated-Tomoka Land from a “hold” rating to a “buy” rating in a report on Wednesday, September 13th. FBR & Co reaffirmed a “buy” rating on shares of Consolidated-Tomoka Land in a report on Thursday, October 19th. Finally, B. Riley reaffirmed a “buy” rating on shares of Consolidated-Tomoka Land in a report on Wednesday, November 1st.

Shares of Consolidated-Tomoka Land (CTO) traded up $0.15 during trading on Thursday, hitting $67.06. 3,390 shares of the stock were exchanged, compared to its average volume of 19,213. The firm has a market cap of $374.31, a PE ratio of 16.72 and a beta of 1.14. Consolidated-Tomoka Land has a fifty-two week low of $49.73 and a fifty-two week high of $67.58.

Consolidated-Tomoka Land (NYSEAMERICAN:CTO) last announced 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 during the quarter, compared to analyst estimates of $15.03 million. Consolidated-Tomoka Land had a net margin of 7.81% and a return on equity of 2.43%.

In other news, CEO John P. Albright sold 1,453 shares of Consolidated-Tomoka Land stock in a transaction on Friday, December 15th. The shares were sold at an average price of $62.87, for a total value of $91,350.11. The sale was disclosed in a legal filing 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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