George R. Brokaw Buys 538 Shares of Consolidated-Tomoka Land Co. (CTO) Stock

Consolidated-Tomoka Land Co. (NYSEAMERICAN:CTO) Director George R. Brokaw purchased 538 shares of Consolidated-Tomoka Land stock in a transaction that occurred on Friday, February 15th. The stock was acquired at an average cost of $60.10 per share, with a total value of $32,333.80. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

NYSEAMERICAN:CTO traded up $0.72 during trading hours on Tuesday, hitting $60.75. 11,617 shares of the stock were exchanged, compared to its average volume of 11,040. Consolidated-Tomoka Land Co. has a 52-week low of $49.23 and a 52-week high of $67.97.

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

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 28th. Shareholders of record on Friday, February 8th will be paid a dividend of $0.10 per share. This is a positive change from Consolidated-Tomoka Land’s previous quarterly dividend of $0.08. This represents a $0.40 annualized dividend and a yield of 0.66%. The ex-dividend date of this dividend is Thursday, February 7th.

A number of large investors have recently bought and sold shares of the business. Cetera Advisors LLC increased its stake in Consolidated-Tomoka Land by 2.8% during the 4th quarter. Cetera Advisors LLC now owns 8,615 shares of the financial services provider’s stock worth $454,000 after buying an additional 234 shares in the last quarter. Bank of America Corp DE increased its stake in Consolidated-Tomoka Land by 12.4% during the 4th quarter. Bank of America Corp DE now owns 7,397 shares of the financial services provider’s stock worth $388,000 after buying an additional 816 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Consolidated-Tomoka Land by 4.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 279,684 shares of the financial services provider’s stock worth $14,684,000 after buying an additional 11,391 shares in the last quarter. Chilton Capital Management LLC increased its stake in Consolidated-Tomoka Land by 65.0% during the 4th quarter. Chilton Capital Management LLC now owns 15,907 shares of the financial services provider’s stock worth $835,000 after buying an additional 6,264 shares in the last quarter. Finally, Great West Life Assurance Co. Can increased its stake in Consolidated-Tomoka Land by 2.6% during the 4th quarter. Great West Life Assurance Co. Can now owns 6,628 shares of the financial services provider’s stock worth $349,000 after buying an additional 167 shares in the last quarter.

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

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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.

See Also: Return on Equity (ROE)

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