Consolidated-Tomoka Land (NYSEAMERICAN:CTO) has been assigned a $82.00 target price by equities research analysts at B. Riley in a report released on Thursday. The firm presently has a “buy” rating on the financial services provider’s stock. B. Riley’s price objective indicates a potential upside of 26.15% from the company’s current price.
CTO has been the subject of a number of other research reports. Zacks Investment Research upgraded shares of Consolidated-Tomoka Land from a “hold” rating to a “buy” rating and set a $65.00 target price for the company in a research report on Thursday, November 2nd. FBR & Co reiterated a “buy” rating on shares of Consolidated-Tomoka Land in a research report on Thursday, October 19th.
Shares of Consolidated-Tomoka Land (NYSEAMERICAN CTO) traded up $1.29 during trading on Thursday, hitting $65.00. 18,221 shares of the company were exchanged, compared to its average volume of 22,093. The firm has a market cap of $365.60, a PE ratio of 16.21 and a beta of 1.03. Consolidated-Tomoka Land has a 1-year low of $49.73 and a 1-year high of $67.58.
Institutional investors and hedge funds have recently bought and sold shares of the business. PenderFund Capital Management Ltd. acquired a new stake in Consolidated-Tomoka Land in the 4th quarter valued at about $104,000. Acadian Asset Management LLC increased its position in Consolidated-Tomoka Land by 396.3% in the 4th quarter. Acadian Asset Management LLC now owns 1,628 shares of the financial services provider’s stock valued at $104,000 after acquiring an additional 1,300 shares in the last quarter. Bessemer Group Inc. acquired a new stake in Consolidated-Tomoka Land in the 4th quarter valued at about $330,000. Boston Partners acquired a new stake in Consolidated-Tomoka Land in the 4th quarter valued at about $1,112,000. Finally, Mraz Amerine & Associates Inc. increased its position in Consolidated-Tomoka Land by 25.6% in the 4th quarter. Mraz Amerine & Associates Inc. now owns 43,420 shares of the financial services provider’s stock valued at $2,247,000 after acquiring an additional 8,845 shares in 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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