Mraz Amerine & Associates Inc. Decreases Stake in Consolidated-Tomoka Land Co. (CTO)

Mraz Amerine & Associates Inc. decreased its position in Consolidated-Tomoka Land Co. (NYSE:CTO) by 1.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 35,875 shares of the company’s stock after selling 456 shares during the period. Consolidated-Tomoka Land comprises 0.6% of Mraz Amerine & Associates Inc.’s portfolio, making the stock its 28th largest position. Mraz Amerine & Associates Inc. owned approximately 0.64% of Consolidated-Tomoka Land worth $2,043,000 as of its most recent SEC filing.

Consolidated-Tomoka Land Co. (NYSE:CTO) opened at 53.95 on Friday. Consolidated-Tomoka Land Co. has a 52 week low of $48.65 and a 52 week high of $58.28. The firm has a market cap of $303.63 million and a PE ratio of 10.23. The stock has a 50 day moving average of $55.11 and a 200 day moving average of $54.41.

Consolidated-Tomoka Land (NYSE:CTO) last posted its earnings results on Wednesday, July 19th. The company reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.42. Consolidated-Tomoka Land had a return on equity of 9.30% and a net margin of 16.11%. The business had revenue of $22.84 million during the quarter, compared to analysts’ expectations of $13.23 million.

The firm also recently announced a semiannual dividend, which will be paid on Wednesday, August 30th. Investors of record on Thursday, August 10th will be paid a dividend of $0.05 per share. This represents a yield of 0.18%. This is a boost from Consolidated-Tomoka Land’s previous semiannual dividend of $0.04. The ex-dividend date of this dividend is Tuesday, August 8th.

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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 objective on the stock in a research note on Friday, July 21st.

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.

Institutional Ownership by Quarter for Consolidated-Tomoka Land (NYSE:CTO)

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