Consolidated-Tomoka Land (NYSEAMERICAN:CTO) PT Set at $82.00 by B. Riley

Consolidated-Tomoka Land (NYSEAMERICAN:CTO) has been assigned a $82.00 price target by investment analysts at B. Riley in a research note issued to investors on Monday, TipRanks reports. The brokerage presently has a “buy” rating on the financial services provider’s stock. B. Riley’s price target points to a potential upside of 35.90% from the company’s previous close. B. Riley also issued estimates for Consolidated-Tomoka Land’s Q2 2019 earnings at $2.04 EPS, Q3 2019 earnings at $3.22 EPS, Q4 2019 earnings at $3.14 EPS, FY2019 earnings at $9.55 EPS, Q1 2020 earnings at $1.23 EPS, Q2 2020 earnings at $1.28 EPS, Q3 2020 earnings at $1.35 EPS, Q4 2020 earnings at $1.27 EPS and FY2020 earnings at $5.13 EPS.

Separately, Zacks Investment Research downgraded EXACT Sciences from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd.

Shares of Consolidated-Tomoka Land stock traded up $0.04 on Monday, reaching $60.34. 30,109 shares of the stock were exchanged, compared to its average volume of 23,374. Consolidated-Tomoka Land has a twelve month low of $49.23 and a twelve month high of $67.01.

Consolidated-Tomoka Land (NYSEAMERICAN:CTO) last announced its quarterly earnings results on Tuesday, April 16th. The financial services provider reported $1.24 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.25 by ($0.01). The business had revenue of $14.26 million during the quarter, compared to the consensus estimate of $11.87 million.

In other news, Director George R. Brokaw purchased 500 shares of the company’s stock in a transaction that occurred on Tuesday, May 14th. The stock was purchased at an average cost of $59.10 per share, for a total transaction of $29,550.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Mark E. Patten sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $59.92, for a total value of $299,600.00. The disclosure for this sale can be found here.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP grew its holdings in Consolidated-Tomoka Land by 4.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 279,684 shares of the financial services provider’s stock valued at $14,684,000 after buying an additional 11,391 shares in the last quarter. FMR LLC grew its holdings in Consolidated-Tomoka Land by 0.4% in the 4th quarter. FMR LLC now owns 110,539 shares of the financial services provider’s stock valued at $5,803,000 after buying an additional 467 shares in the last quarter. Argent Capital Management LLC grew its holdings in Consolidated-Tomoka Land by 68.9% in the 1st quarter. Argent Capital Management LLC now owns 31,872 shares of the financial services provider’s stock valued at $1,882,000 after buying an additional 13,007 shares in the last quarter. Wedge Capital Management L L P NC grew its holdings in Consolidated-Tomoka Land by 5.5% in the 1st quarter. Wedge Capital Management L L P NC now owns 26,648 shares of the financial services provider’s stock valued at $1,574,000 after buying an additional 1,389 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in Consolidated-Tomoka Land by 3.0% in the 4th quarter. Bank of New York Mellon Corp now owns 23,315 shares of the financial services provider’s stock valued at $1,223,000 after buying an additional 671 shares in the last quarter.

About Consolidated-Tomoka Land

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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