Consolidated-Tomoka Land (CTO) Given a $80.00 Price Target by B. Riley Analysts
B. Riley set a $80.00 price target on Consolidated-Tomoka Land (NYSEAMERICAN:CTO) in a research report released on Monday morning. The brokerage currently has a buy rating on the financial services provider’s stock. B. Riley also issued estimates for Consolidated-Tomoka Land’s Q1 2018 earnings at $1.09 EPS, Q3 2018 earnings at $1.55 EPS, Q4 2018 earnings at $5.21 EPS, FY2018 earnings at $8.99 EPS, Q1 2019 earnings at $0.71 EPS, Q2 2019 earnings at $1.52 EPS, Q3 2019 earnings at $1.62 EPS and FY2019 earnings at $5.33 EPS.
Other equities research analysts also recently issued research reports about the company. Zacks Investment Research upgraded Consolidated-Tomoka Land from a hold rating to a buy rating and set a $65.00 price objective for the company in a report on Thursday, November 2nd. FBR & Co set a $80.00 target price on Consolidated-Tomoka Land and gave the stock a buy rating in a research note on Tuesday, October 31st. Finally, BidaskClub upgraded Consolidated-Tomoka Land from a buy rating to a strong-buy rating in a report on Tuesday, September 26th.
Consolidated-Tomoka Land (NYSEAMERICAN CTO) opened at $61.33 on Monday. Consolidated-Tomoka Land has a 52 week low of $49.73 and a 52 week high of $62.50.
Consolidated-Tomoka Land (NYSEAMERICAN:CTO) last released its quarterly earnings data on Wednesday, October 18th. The financial services provider reported $0.18 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.04). Consolidated-Tomoka Land had a net margin of 7.81% and a return on equity of 2.43%. The company had revenue of $12.38 million during the quarter, compared to analyst estimates of $15.03 million.
The company also recently announced a quarterly dividend, which was paid on Thursday, November 30th. Stockholders of record on Friday, November 10th were issued a $0.05 dividend. The ex-dividend date of this dividend was Thursday, November 9th. This represents a $0.20 annualized dividend and a dividend yield of 0.33%. Consolidated-Tomoka Land’s dividend payout ratio (DPR) is 4.99%.
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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