Consolidated-Tomoka Land Co. (NYSEAMERICAN:CTO) – Analysts at B. Riley reduced their Q1 2018 EPS estimates for shares of Consolidated-Tomoka Land in a research note issued to investors on Monday. B. Riley analyst D. Corak now anticipates that the financial services provider will earn $1.09 per share for the quarter, down from their prior forecast of $1.10. B. Riley has a “Buy” rating and a $80.00 price objective on the stock. B. Riley also issued estimates for Consolidated-Tomoka Land’s 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 and Q3 2019 earnings at $1.62 EPS.

Consolidated-Tomoka Land (NYSEAMERICAN:CTO) last posted its quarterly earnings results on Wednesday, October 18th. The financial services provider reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates 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.

A number of other research firms also recently weighed in on CTO. Zacks Investment Research upgraded shares of Consolidated-Tomoka Land from a “hold” rating to a “buy” rating and set a $65.00 price target on the stock in a research note on Thursday, November 2nd. FBR & Co set a $80.00 price target on shares of Consolidated-Tomoka Land and gave the company a “buy” rating in a research note on Tuesday, October 31st. Finally, BidaskClub upgraded shares of Consolidated-Tomoka Land from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, September 26th.

Consolidated-Tomoka Land (NYSEAMERICAN:CTO) traded up $1.18 on Tuesday, hitting $61.89. 18,600 shares of the stock were exchanged, compared to its average volume of 10,661. Consolidated-Tomoka Land has a one year low of $49.73 and a one year high of $61.90.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Friday, November 10th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Thursday, November 9th. This represents a $0.20 dividend on an annualized basis and a yield of 0.32%. Consolidated-Tomoka Land’s dividend payout ratio (DPR) is presently 4.99%.

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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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