Consolidated-Tomoka Land Co. (NYSEAMERICAN:CTO) – Analysts at B. Riley increased their FY2019 earnings estimates for shares of Consolidated-Tomoka Land in a note issued to investors on Monday. B. Riley analyst D. Corak now forecasts that the financial services provider will post earnings of $5.33 per share for the year, up from their previous forecast of $4.86. B. Riley has a “Buy” rating and a $80.00 price target on the stock.

Consolidated-Tomoka Land (NYSEAMERICAN:CTO) last posted its quarterly earnings results on Wednesday, October 18th. The financial services provider reported $0.18 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.22 by ($0.04). The business had revenue of $12.38 million during the quarter, compared to analysts’ expectations of $15.03 million. Consolidated-Tomoka Land had a net margin of 7.81% and a return on equity of 2.43%.

A number of other analysts also recently commented on CTO. BidaskClub upgraded Consolidated-Tomoka Land from a “sell” rating to a “hold” rating in a research report on Tuesday, August 8th. FBR & Co reiterated a “buy” rating on shares of Consolidated-Tomoka Land in a research report on Thursday, October 19th. Finally, Zacks Investment Research upgraded Consolidated-Tomoka Land from a “hold” rating to a “buy” rating and set a $65.00 target price on the stock in a research report on Thursday, November 2nd.

Consolidated-Tomoka Land (NYSEAMERICAN:CTO) traded up $1.18 on Wednesday, reaching $61.89. The company’s stock had a trading volume of 18,600 shares, compared to its average volume of 10,661. Consolidated-Tomoka Land has a one year low of $49.73 and a one year high of $61.90.

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Friday, November 10th will be given a dividend of $0.05 per share. The ex-dividend date is Thursday, November 9th. This represents a $0.20 dividend on an annualized basis and a yield of 0.32%. Consolidated-Tomoka Land’s payout ratio is 4.99%.

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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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