Equities research analysts at B. Riley started coverage on shares of Consolidated-Tomoka Land (NYSEAMERICAN:CTO) in a report released on Monday, March 12th. The brokerage set a “buy” rating and a $82.00 price target on the financial services provider’s stock. B. Riley’s price objective would indicate a potential upside of 23.68% from the company’s previous close.
Separately, Zacks Investment Research lowered shares of Consolidated-Tomoka Land from a “buy” rating to a “hold” rating in a research note on Thursday, January 11th.
Shares of CTO stock opened at $66.30 on Monday. The stock has a market cap of $380.16, a P/E ratio of 19.05 and a beta of 1.06. Consolidated-Tomoka Land has a 12 month low of $50.29 and a 12 month high of $67.58.
Institutional investors have recently added to or reduced their stakes in the business. Acadian Asset Management LLC boosted its holdings in Consolidated-Tomoka Land by 396.3% in the fourth quarter. Acadian Asset Management LLC now owns 1,628 shares of the financial services provider’s stock worth $104,000 after purchasing an additional 1,300 shares during the period. PenderFund Capital Management Ltd. acquired a new position in Consolidated-Tomoka Land in the fourth quarter worth $104,000. MetLife Investment Advisors LLC acquired a new position in Consolidated-Tomoka Land in the fourth quarter worth $156,000. AXA acquired a new position in Consolidated-Tomoka Land in the fourth quarter worth $203,000. Finally, Bessemer Group Inc. acquired a new position in Consolidated-Tomoka Land in the fourth quarter worth $330,000.
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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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