Equities researchers 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 target would suggest a potential upside of 23.68% from the company’s previous close.
Separately, Zacks Investment Research raised shares of Consolidated-Tomoka Land from a “hold” rating to a “buy” rating and set a $71.00 price objective for the company in a research note on Tuesday, January 2nd.
Shares of CTO stock opened at $66.30 on Monday. The stock has a market cap of $380.16, a price-to-earnings ratio of 19.05 and a beta of 1.06. Consolidated-Tomoka Land has a 52 week low of $50.29 and a 52 week high of $67.58.
A number of institutional investors and hedge funds have recently made changes to their positions in CTO. Acadian Asset Management LLC raised its holdings in Consolidated-Tomoka Land by 396.3% in the 4th quarter. Acadian Asset Management LLC now owns 1,628 shares of the financial services provider’s stock worth $104,000 after acquiring an additional 1,300 shares during the period. Bessemer Group Inc. bought a new position in Consolidated-Tomoka Land in the 4th quarter worth $330,000. Boston Partners bought a new position in Consolidated-Tomoka Land in the 4th quarter worth $1,112,000. Mraz Amerine & Associates Inc. raised its holdings in Consolidated-Tomoka Land by 25.6% in the 4th quarter. Mraz Amerine & Associates Inc. now owns 43,420 shares of the financial services provider’s stock worth $2,247,000 after acquiring an additional 8,845 shares during the period. Finally, PenderFund Capital Management Ltd. bought a new position in Consolidated-Tomoka Land in the 4th quarter worth $104,000.
ILLEGAL ACTIVITY NOTICE: This report was originally published by The Lincolnian Online and is the sole property of of The Lincolnian Online. If you are reading this report on another domain, it was illegally stolen and republished in violation of international copyright & trademark laws. The legal version of this report can be viewed at https://www.thelincolnianonline.com/2018/03/19/consolidated-tomoka-land-cto-earns-buy-rating-from-analysts-at-b-riley.html.
About Consolidated-Tomoka Land
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.
Receive News & Ratings for Consolidated-Tomoka Land Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Consolidated-Tomoka Land and related companies with MarketBeat.com's FREE daily email newsletter.