Russell Investments Group Ltd. increased its stake in Consolidated-Tomoka Land Co. (NYSEAMERICAN:CTO) by 22.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 319,966 shares of the financial services provider’s stock after purchasing an additional 58,656 shares during the period. Russell Investments Group Ltd. owned 6.49% of Consolidated-Tomoka Land worth $20,989,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. New York State Teachers Retirement System bought a new stake in Consolidated-Tomoka Land during the 3rd quarter valued at $26,000. Wealth Architects LLC bought a new stake in Consolidated-Tomoka Land during the 3rd quarter valued at $202,000. Rhumbline Advisers raised its stake in Consolidated-Tomoka Land by 9.7% during the 3rd quarter. Rhumbline Advisers now owns 7,309 shares of the financial services provider’s stock valued at $479,000 after acquiring an additional 644 shares in the last quarter. Denali Advisors LLC raised its stake in Consolidated-Tomoka Land by 141.5% during the 3rd quarter. Denali Advisors LLC now owns 20,374 shares of the financial services provider’s stock valued at $1,337,000 after acquiring an additional 11,937 shares in the last quarter. Finally, Boston Partners raised its stake in Consolidated-Tomoka Land by 371.0% during the 2nd quarter. Boston Partners now owns 137,065 shares of the financial services provider’s stock valued at $8,183,000 after acquiring an additional 107,965 shares in the last quarter.
Shares of CTO traded up $0.99 during midday trading on Friday, reaching $66.86. The stock had a trading volume of 18,831 shares, compared to its average volume of 22,556. Consolidated-Tomoka Land Co. has a 52 week low of $49.23 and a 52 week high of $68.64.
The business also recently announced a dividend, which will be paid on Friday, November 29th. Investors of record on Tuesday, November 12th will be issued a $0.13 dividend. This is a boost from Consolidated-Tomoka Land’s previous dividend of $0.11. The ex-dividend date is Friday, November 8th.
Several brokerages have weighed in on CTO. Zacks Investment Research downgraded Consolidated-Tomoka Land from a “buy” rating to a “hold” rating in a research note on Thursday, October 17th. B. Riley set a $82.00 price objective on Consolidated-Tomoka Land and gave the stock a “buy” rating in a research note on Monday, July 15th.
Consolidated-Tomoka Land Profile
Consolidated-Tomoka Land Co, together with its subsidiaries, operates as a diversified real estate operating company in the United States. The company operates through four segments: Income Properties, Commercial Loan Investments, Real Estate Operations, and Golf Operations. It owns and manages commercial real estate properties.
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