Consolidated-Tomoka Land (CTO) Stock Rating Lowered by Zacks Investment Research

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

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 analysts have also issued reports on the stock. B. Riley restated a “buy” rating and issued a $82.00 price objective (up from $80.00) on shares of Consolidated-Tomoka Land in a report on Tuesday, January 9th. FBR & Co restated a “buy” rating on shares of Consolidated-Tomoka Land in a report on Thursday, October 19th.

Consolidated-Tomoka Land (NYSEAMERICAN:CTO) traded down $0.69 during midday trading on Monday, hitting $65.50. The stock had a trading volume of 5,369 shares, compared to its average volume of 21,688. Consolidated-Tomoka Land has a fifty-two week low of $49.73 and a fifty-two week high of $67.58. The stock has a market cap of $369.45, a price-to-earnings ratio of 16.33 and a beta of 1.14.

In related news, CEO John P. Albright sold 1,453 shares of the business’s stock in a transaction dated 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 document filed with the SEC, which can be accessed through the SEC website.

An institutional investor recently raised its position in Consolidated-Tomoka Land stock. Acadian Asset Management LLC raised its position in Consolidated-Tomoka Land Co. (NYSEAMERICAN:CTO) by 396.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,628 shares of the financial services provider’s stock after acquiring an additional 1,300 shares during the quarter. Acadian Asset Management LLC’s holdings in Consolidated-Tomoka Land were worth $104,000 as of its most recent SEC filing.

COPYRIGHT VIOLATION NOTICE: “Consolidated-Tomoka Land (CTO) Stock Rating Lowered by Zacks Investment Research” was posted by American Banking News and is the sole property of of American Banking News. If you are accessing this report on another site, it was illegally stolen and reposted in violation of international trademark & copyright law. The legal version of this report can be read at

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.

Get a free copy of the Zacks research report on Consolidated-Tomoka Land (CTO)

For more information about research offerings from Zacks Investment Research, visit

Receive News & Ratings for Consolidated-Tomoka Land Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Consolidated-Tomoka Land and related companies with's FREE daily email newsletter.

Leave a Reply