Consolidated-Tomoka Land Co. (NYSEAMERICAN:CTO) – Analysts at B. Riley upped their Q1 2019 earnings per share estimates for Consolidated-Tomoka Land in a report released on Thursday, April 11th. B. Riley analyst C. Kucera now expects that the financial services provider will earn $1.25 per share for the quarter, up from their prior forecast of $0.01. B. Riley also issued estimates for Consolidated-Tomoka Land’s Q2 2019 earnings at $2.52 EPS, Q4 2019 earnings at $2.66 EPS and FY2019 earnings at $8.09 EPS.

Separately, Zacks Investment Research cut shares of Consolidated-Tomoka Land from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 14th.

NYSEAMERICAN CTO opened at $60.30 on Monday. Consolidated-Tomoka Land has a 52-week low of $49.23 and a 52-week high of $67.01.

Consolidated-Tomoka Land (NYSEAMERICAN:CTO) last posted its quarterly earnings data on Tuesday, February 5th. The financial services provider reported $2.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.02 by $0.15. The company had revenue of $33.23 million for the quarter, compared to the consensus estimate of $32.06 million.

A number of large investors have recently modified their holdings of CTO. Vanguard Group Inc increased its position in shares of Consolidated-Tomoka Land by 29.7% in the third quarter. Vanguard Group Inc now owns 298,290 shares of the financial services provider’s stock valued at $18,577,000 after acquiring an additional 68,239 shares during the period. Vanguard Group Inc. increased its position in shares of Consolidated-Tomoka Land by 29.7% in the third quarter. Vanguard Group Inc. now owns 298,290 shares of the financial services provider’s stock valued at $18,577,000 after acquiring an additional 68,239 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Consolidated-Tomoka Land by 5.9% in the third quarter. Dimensional Fund Advisors LP now owns 268,293 shares of the financial services provider’s stock valued at $16,709,000 after acquiring an additional 14,995 shares during the period. Chilton Capital Management LLC increased its position in shares of Consolidated-Tomoka Land by 65.0% in the fourth quarter. Chilton Capital Management LLC now owns 15,907 shares of the financial services provider’s stock valued at $835,000 after acquiring an additional 6,264 shares during the period. Finally, Putnam Investments LLC increased its position in shares of Consolidated-Tomoka Land by 29.3% in the third quarter. Putnam Investments LLC now owns 19,517 shares of the financial services provider’s stock valued at $1,216,000 after acquiring an additional 4,417 shares during the period.

In other Consolidated-Tomoka Land news, Director Robert Blakeslee Gable bought 415 shares of the firm’s stock in a transaction that occurred on Wednesday, February 20th. The shares were bought at an average price of $60.50 per share, for a total transaction of $25,107.50. Following the transaction, the director now directly owns 619 shares in the company, valued at $37,449.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Wintergreen Fund, Inc. sold 1,553,075 shares of Consolidated-Tomoka Land stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of $55.00, for a total transaction of $85,419,125.00. The disclosure for this sale can be found here. In the last quarter, insiders purchased 1,899 shares of company stock worth $114,124.

Consolidated-Tomoka Land Company Profile

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.

Further Reading: Quiet Period

Earnings History and Estimates for Consolidated-Tomoka Land (NYSEAMERICAN:CTO)

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