Consolidated-Tomoka Land Co. (NYSE:CTO) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Monday, July 24th.
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. “
Consolidated-Tomoka Land (NYSE CTO) traded up 1.12% during mid-day trading on Monday, hitting $53.95. 10,225 shares of the company’s stock were exchanged. The stock has a market cap of $303.31 million and a PE ratio of 10.20. Consolidated-Tomoka Land has a 12 month low of $48.50 and a 12 month high of $58.28. The stock’s 50 day moving average price is $55.56 and its 200-day moving average price is $54.46.
Consolidated-Tomoka Land (NYSE:CTO) last released its earnings results on Wednesday, July 19th. The company reported $0.67 EPS for the quarter, beating the Thomson Reuters’ consensus estimate 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 analyst estimates of $13.23 million.
Large investors have recently made changes to their positions in the stock. PNC Financial Services Group Inc. purchased a new stake in shares of Consolidated-Tomoka Land during the second quarter valued at $136,000. Alliancebernstein L.P. purchased a new stake in shares of Consolidated-Tomoka Land during the second quarter valued at $214,000. Parametric Portfolio Associates LLC boosted its stake in shares of Consolidated-Tomoka Land by 5.6% in the second quarter. Parametric Portfolio Associates LLC now owns 4,675 shares of the company’s stock valued at $266,000 after buying an additional 247 shares during the last quarter. Menta Capital LLC purchased a new stake in shares of Consolidated-Tomoka Land during the second quarter valued at $272,000. Finally, Teachers Advisors LLC boosted its stake in shares of Consolidated-Tomoka Land by 2.9% in the second quarter. Teachers Advisors LLC now owns 7,051 shares of the company’s stock valued at $402,000 after buying an additional 200 shares during the last quarter.
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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