Consolidated-Tomoka Land Co. (CTO) Director George R. Brokaw Buys 500 Shares

Consolidated-Tomoka Land Co. (NYSEAMERICAN:CTO) Director George R. Brokaw purchased 500 shares of the company’s stock in a transaction dated Tuesday, May 14th. The shares were acquired at an average price of $59.10 per share, for a total transaction of $29,550.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link.

Shares of CTO traded up $0.44 during trading hours on Tuesday, reaching $59.49. 39,746 shares of the stock traded hands, compared to its average volume of 19,830. Consolidated-Tomoka Land Co. has a 52-week low of $49.23 and a 52-week high of $67.01.

Consolidated-Tomoka Land (NYSEAMERICAN:CTO) last released its earnings results on Tuesday, April 16th. The financial services provider reported $1.24 earnings per share for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.01). The company had revenue of $14.26 million for the quarter, compared to the consensus estimate of $11.87 million.

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 30th. Investors of record on Friday, May 10th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date of this dividend is Thursday, May 9th.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Great West Life Assurance Co. Can lifted its stake in Consolidated-Tomoka Land by 2.6% in the fourth quarter. Great West Life Assurance Co. Can now owns 6,628 shares of the financial services provider’s stock worth $349,000 after acquiring an additional 167 shares during the last quarter. Cetera Advisors LLC lifted its stake in Consolidated-Tomoka Land by 2.8% in the fourth quarter. Cetera Advisors LLC now owns 8,615 shares of the financial services provider’s stock worth $454,000 after acquiring an additional 234 shares during the last quarter. Northern Trust Corp lifted its stake in Consolidated-Tomoka Land by 0.4% in the first quarter. Northern Trust Corp now owns 66,571 shares of the financial services provider’s stock worth $3,931,000 after acquiring an additional 291 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in Consolidated-Tomoka Land by 16.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,800 shares of the financial services provider’s stock worth $148,000 after acquiring an additional 400 shares during the last quarter. Finally, FMR LLC lifted its stake in Consolidated-Tomoka Land by 0.4% in the fourth quarter. FMR LLC now owns 110,539 shares of the financial services provider’s stock worth $5,803,000 after acquiring an additional 467 shares during the last quarter.

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About Consolidated-Tomoka Land

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.

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