Research analysts at B. Riley started coverage on shares of Consolidated-Tomoka Land (NYSEAMERICAN:CTO) in a research note issued on Monday. The firm set a “buy” rating and a $82.00 price target on the financial services provider’s stock. B. Riley’s price target would suggest a potential upside of 23.51% from the stock’s previous close.
Separately, Zacks Investment Research downgraded Consolidated-Tomoka Land from a “buy” rating to a “hold” rating in a research report on Thursday, January 11th.
Shares of Consolidated-Tomoka Land (NYSEAMERICAN:CTO) opened at $66.39 on Monday. 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 $380.16, a P/E ratio of 19.08 and a beta of 1.06.
Institutional investors and hedge funds have recently modified their holdings of the business. Fenimore Asset Management raised its holdings in Consolidated-Tomoka Land by 31.4% in the 4th quarter. Fenimore Asset Management now owns 86,280 shares of the financial services provider’s stock valued at $4,548,000 after acquiring an additional 20,615 shares during the last quarter. Boston Partners acquired a new position in Consolidated-Tomoka Land in the 4th quarter valued at $1,112,000. Brown Advisory Inc. raised its holdings in Consolidated-Tomoka Land by 254.7% in the 4th quarter. Brown Advisory Inc. now owns 15,285 shares of the financial services provider’s stock valued at $970,000 after acquiring an additional 10,976 shares during the last quarter. Bessemer Group Inc. acquired a new position in Consolidated-Tomoka Land in the 4th quarter valued at $330,000. Finally, Martingale Asset Management L P acquired a new position in Consolidated-Tomoka Land in the 4th quarter valued at $845,000.
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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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