Chicago Equity Partners LLC purchased a new stake in shares of Consolidated-Tomoka Land Co. (NYSE:CTO) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 10,780 shares of the company’s stock, valued at approximately $614,000. Chicago Equity Partners LLC owned 0.19% of Consolidated-Tomoka Land as of its most recent SEC filing.
Separately, Schwab Charles Investment Management Inc. boosted its position in Consolidated-Tomoka Land by 173.0% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 26,204 shares of the company’s stock valued at $1,493,000 after buying an additional 16,604 shares during the period.
In other Consolidated-Tomoka Land news, CFO Mark E. Patten sold 2,640 shares of the business’s stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $54.88, for a total transaction of $144,883.20. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
Separately, Zacks Investment Research raised shares of Consolidated-Tomoka Land from a “hold” rating to a “strong-buy” rating and set a $66.00 price target for the company in a research report on Friday, July 21st.
Shares of Consolidated-Tomoka Land Co. (NYSE:CTO) opened at 55.83 on Tuesday. The stock has a market cap of $314.21 million and a PE ratio of 10.59. Consolidated-Tomoka Land Co. has a 12 month low of $48.65 and a 12 month high of $58.28. The firm’s 50-day moving average is $54.62 and its 200 day moving average is $54.44.
Consolidated-Tomoka Land (NYSE:CTO) last posted its quarterly earnings data on Wednesday, July 19th. The company reported $0.67 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.42. Consolidated-Tomoka Land had a net margin of 16.11% and a return on equity of 9.30%. The business had revenue of $22.84 million for the quarter, compared to analysts’ expectations of $13.23 million.
The company also recently disclosed a semiannual dividend, which was paid on Wednesday, August 30th. Shareholders of record on Thursday, August 10th were given a dividend of $0.05 per share. This is a boost from Consolidated-Tomoka Land’s previous semiannual dividend of $0.04. The ex-dividend date was Tuesday, August 8th. This represents a yield of 0.18%.
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.
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