B. Riley initiated coverage on shares of Consolidated-Tomoka Land (NYSEAMERICAN:CTO) in a research note released on Monday morning. The brokerage issued a buy rating and a $82.00 price objective on the financial services provider’s stock.
Separately, Zacks Investment Research raised shares of Consolidated-Tomoka Land from a hold rating to a buy rating and set a $73.00 price target for the company in a research note on Monday, January 8th.
Shares of Consolidated-Tomoka Land (NYSEAMERICAN:CTO) opened at $65.46 on Monday. Consolidated-Tomoka Land has a one year low of $50.29 and a one year high of $67.58. The firm has a market cap of $380.16, a P/E ratio of 18.74 and a beta of 1.06.
In related news, CEO John P. Albright sold 1,453 shares of the stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $62.87, for a total transaction of $91,350.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Large investors have recently bought and sold shares of the stock. Boston Partners purchased a new position in shares of Consolidated-Tomoka Land during the 4th quarter worth approximately $1,112,000. Brown Advisory Inc. boosted its position in shares of Consolidated-Tomoka Land by 254.7% during the 4th quarter. Brown Advisory Inc. now owns 15,285 shares of the financial services provider’s stock worth $970,000 after purchasing an additional 10,976 shares during the period. Bessemer Group Inc. purchased a new position in shares of Consolidated-Tomoka Land during the 4th quarter worth approximately $330,000. Martingale Asset Management L P purchased a new position in shares of Consolidated-Tomoka Land during the 4th quarter worth approximately $845,000. Finally, Mraz Amerine & Associates Inc. boosted its position in shares of Consolidated-Tomoka Land by 25.6% during the 4th quarter. Mraz Amerine & Associates Inc. now owns 43,420 shares of the financial services provider’s stock worth $2,247,000 after purchasing an additional 8,845 shares during the period.
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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