Consolidated-Tomoka Land (NYSEAMERICAN:CTO) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors 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. “

Several other equities analysts have also recently issued reports on CTO. FBR & Co set a $80.00 price objective on Consolidated-Tomoka Land and gave the company a “buy” rating in a research note on Tuesday, October 31st. BidaskClub upgraded Consolidated-Tomoka Land from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, September 26th. Finally, B. Riley reiterated a “buy” rating on shares of Consolidated-Tomoka Land in a research note on Wednesday, November 1st.

Shares of Consolidated-Tomoka Land (NYSEAMERICAN:CTO) traded up $0.88 during trading on Thursday, reaching $67.58. The company had a trading volume of 10,517 shares, compared to its average volume of 18,827. Consolidated-Tomoka Land has a 12 month low of $49.73 and a 12 month high of $67.58. The stock has a market cap of $372.41, a PE ratio of 16.85 and a beta of 1.14.

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). Consolidated-Tomoka Land had a net margin of 7.81% and a return on equity of 2.43%. The firm had revenue of $12.38 million for the quarter, compared to analysts’ expectations of $15.03 million.

In other news, CEO John P. Albright sold 1,453 shares of Consolidated-Tomoka Land stock in a transaction dated Friday, December 15th. The stock was 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 Securities & Exchange Commission, which is available at this hyperlink.

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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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