CTO - Consolidated-Tomoka Land Co.

NYSE American - Nasdaq Real Time Price. Currency in USD
58.79
+0.07 (+0.12%)
At close: 4:00PM EDT

58.79 0.00 (0.00%)
After hours: 4:15PM EDT

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Previous Close58.72
Open58.93
Bid58.17 x 800
Ask59.41 x 800
Day's Range58.98 - 59.49
52 Week Range49.23 - 67.02
Volume20,092
Avg. Volume29,681
Market Cap291.043M
Beta (3Y Monthly)1.01
PE Ratio (TTM)9.85
EPS (TTM)5.97
Earnings DateJul 21, 2017 - Jul 24, 2017
Forward Dividend & Yield0.40 (0.68%)
Ex-Dividend Date2019-05-09
1y Target Est82.00
Trade prices are not sourced from all markets
  • GlobeNewswire11 hours ago

    Consolidated Tomoka Announces Sale of Multi-Tenant Office Property for $37 Million, Acquisition of a Single-Tenant Income Property, and Other Transactions

    Consolidated-Tomoka Land Co. (NYSE American: CTO) (the “Company”) today announced the closing of the sale of its 76,000 square foot multi-tenant office property located in Santa Clara, California for $37.0 million, or $488 per square foot (the “Santa Clara Sale”), representing a cap rate of 6.62%. The estimated gain on the Santa Clara Sale totals approximately $9.0 million, or approximately $1.36 per share, after tax, and represents an unlevered IRR of 14.67%. The Company intends to redeploy the proceeds from the Santa Clara Sale through a 1031 like-kind exchange structure.

  • GlobeNewswire6 days ago

    Consolidated Tomoka Announces Closing of $3.8 Million Land Transaction

    Consolidated-Tomoka Land Co. (NYSE American: CTO) (the “Company”) today announced the closing of the sale of approximately 14 acres (the “Third Unicorp Sale”), for approximately $3.8 million, or approximately $271,000 per acre, to Unicorp National Development, Inc. of Orlando Florida (“Unicorp”). The land parcel is located on the east side of Interstate 95 at the southwest corner of the intersection of LPGA Boulevard and Clyde Morris Boulevard.  The estimated gain on the Third Unicorp Sale is approximately $365,000, or approximately $0.05 per share, after tax. The 14 acres sold to Unicorp was the last remaining parcel that had been repurchased by the Company more than a decade ago which resulted in the parcel having a higher cost basis.

  • GlobeNewswire15 days ago

    Consolidated Tomoka Announces Acquisition of Two Single-Tenant Retail Properties in Separate Transactions for $7.6 Million

    DAYTONA BEACH, Fla., June 11, 2019 -- Consolidated-Tomoka Land Co. (NYSE American: CTO) (the “Company”) today announced the purchase of an approximately 9,000 square foot.

  • Is Consolidated-Tomoka Land Co.'s (NYSEMKT:CTO) 16% ROE Strong Compared To Its Industry?
    Simply Wall St.24 days ago

    Is Consolidated-Tomoka Land Co.'s (NYSEMKT:CTO) 16% ROE Strong Compared To Its Industry?

    While some investors are already well versed in financial metrics (hat tip), this article is for those who would like...

  • GlobeNewswire28 days ago

    Consolidated Tomoka Announces Refinancing and Amendment of Its Unsecured Revolving Credit Facility

    Consolidated-Tomoka Land Co. (NYSE American: CTO) (the “Company”) today announced the refinancing and amendment (the “Revolver Amendment”) of its unsecured revolving credit facility (the “Credit Facility”).

  • GlobeNewswire29 days ago

    Consolidated Tomoka Acquires Single-Tenant Retail Property Leased to 24 Hour Fitness in Falls Church, VA for $21.3 Million and Sells Multi-Tenant Property in Winter Park, FL for $18.3 Million

    Consolidated-Tomoka Land Co. (NYSE American: CTO) (the “Company”) today announced the purchase of an approximately 46,000 square foot building on 3.09 acres in Falls Church, VA (the “Property”), for approximately $21.25 million, under a long-term lease to 24 Hour Fitness USA, Inc.  The Property is situated in a major retail corridor in Falls Church, with a 3-mile population of greater than 200,000, and the lease has approximately 9 years remaining on the current term and includes rental escalations.  The Property is zoned for up to four stories and multiple uses including residential.  The initial investment cap rate for the Property is near the mid-point of the Company’s 2019 guidance for income property acquisitions. After adjusting for the transactions herein the Company’s income property portfolio contains 47 properties, with 42 being single-tenant and 5 remaining multi-tenant properties.

  • GlobeNewswirelast month

    Consolidated Tomoka Acquires Single-Tenant Property Leased to Hobby Lobby in Winston-Salem, NC for $8.1 Million

    Consolidated-Tomoka Land Co. (NYSE American: CTO) (the “Company”) today announced the purchase of an approximately 55,000 square foot building on 7.60 acres in Winston-Salem, NC (the “Property”) under a long-term lease to Hobby Lobby Stores Inc., for approximately $8.1 million, or $147 per square foot. The Property is situated in a major retail corridor in Winston-Salem and has approximately 11 years remaining on the current lease with Hobby Lobby that includes rental escalations. The initial cap rate was in the mid-point range of the Company’s 2019 guidance.

  • GlobeNewswirelast month

    Consolidated Tomoka Announces Closing of $3.0 Million Land Sale

    Consolidated-Tomoka Land Co. (NYSE American: CTO) (the “Company”) today announced the closing of the sale of approximately 12.6 acres (the “2019 NADG Land Sale”), for approximately $3.0 million, or approximately $239,000 per acre, to an affiliate of North American Development Group (“NADG”). The land parcel is located on the east side of Interstate 95 between the Tanger Outlet Mall and the nearly completed Sam’s Club, which is slated to open in the summer of 2019, and is also located in an opportunity zone. This is the Company’s final land parcel located in the Tomoka Town Center.  The estimated gain on the 2019 NADG Land Sale is approximately $2.0 million, or approximately $0.29 per share, after tax.

  • GlobeNewswire2 months ago

    Consolidated Tomoka Announces Final Results of the 2019 Annual Meeting of Shareholders

    DAYTONA BEACH, Fla., April 25, 2019 -- Consolidated-Tomoka Land Co. (NYSE American: CTO) (the “Company”) today announced the election results of the Company’s 2019 Annual.

  • GlobeNewswire2 months ago

    Consolidated-Tomoka Land Co. Announces Quarterly Dividend of $0.10 Per Share

    Consolidated-Tomoka Land Co. (NYSE American: CTO) today announced that the Company’s Board of Directors declared a quarterly dividend of $0.10 per share payable on May 30, 2019 to shareholders of record on May 10, 2019. Consolidated-Tomoka Land Co. is a Florida-based publicly traded real estate company, which owns over 2.3 million square feet of income properties in diversified markets in the United States, as well as approximately 5,400 acres of land in the Daytona Beach area.

  • Thomson Reuters StreetEvents2 months ago

    Edited Transcript of CTO earnings conference call or presentation 17-Apr-19 1:00pm GMT

    Q1 2019 Consolidated-Tomoka Land Co Earnings Call

  • Consolidated-Tomoka Land Company (CTO) Q1 2019 Earnings Call Transcript
    Motley Fool2 months ago

    Consolidated-Tomoka Land Company (CTO) Q1 2019 Earnings Call Transcript

    CTO earnings call for the period ending March 31, 2019.

  • Associated Press2 months ago

    Consolidated-Tomoka: 1Q Earnings Snapshot

    On a per-share basis, the Daytona Beach, Florida-based company said it had net income of $1.21. Earnings, adjusted to account for discontinued operations, came to $1.24 per share. The real estate company ...

  • GlobeNewswire2 months ago

    Consolidated-Tomoka Land Co. Reports Earnings of $1.21 Per Share for the First Quarter of 2019

    DAYTONA BEACH, Fla., April 16, 2019 -- Consolidated-Tomoka Land Co. (NYSE American: CTO) (the “Company”) today announced its operating results and earnings for the quarter.

  • Is Consolidated-Tomoka (CTO) Stock Undervalued Right Now?
    Zacks2 months ago

    Is Consolidated-Tomoka (CTO) Stock Undervalued Right Now?

    Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

  • Looking for a Growth Stock? 3 Reasons Why Consolidated-Tomoka (CTO) is a Solid Choice
    Zacks2 months ago

    Looking for a Growth Stock? 3 Reasons Why Consolidated-Tomoka (CTO) is a Solid Choice

    Consolidated-Tomoka (CTO) is well positioned to outperform the market, as it exhibits above-average growth in financials.

  • Why Consolidated-Tomoka Land Co. (NYSEMKT:CTO) Could Be Worth Watching
    Simply Wall St.2 months ago

    Why Consolidated-Tomoka Land Co. (NYSEMKT:CTO) Could Be Worth Watching

    Consolidated-Tomoka Land Co. (NYSEMKT:CTO), which is in the real estate business, and is based in United States, received a lot of attention from a substantial price movement on the A...

  • David Winters Sells Largest Holding, Consolidated-Tomoka Land
    GuruFocus.com2 months ago

    David Winters Sells Largest Holding, Consolidated-Tomoka Land

    Wintergreen Advisers leader David Winters (Trades, Portfolio) disclosed he exited his 28.71% stake in Consolidated-Tomoka Land Co. (CTO) on April 9. Warning! GuruFocus has detected 5 Warning Signs with CTO.

  • GlobeNewswire3 months ago

    Consolidated Tomoka Announces Large Block Share Repurchase of 320,741 Shares, or Approximately 6% of its Outstanding Shares, in Connection with Disposition of all Shares Owned by its Largest Shareholder

    Consolidated-Tomoka Land Co. (NYSE American: CTO) (the “Company”) today announced that the Company repurchased a large block of shares of the Company’s common stock as part of the disposition of the entire position owned by its largest shareholder, which shareholder owned in the aggregate more than 28% of the Company’s outstanding shares. The Company acquired 320,741 shares (the “Block Share Repurchase”), or approximately 6% of the Company’s outstanding shares, for approximately $18.4 million.

  • Analysts Estimate Consolidated-Tomoka (CTO) to Report a Decline in Earnings: What to Look Out for
    Zacks3 months ago

    Analysts Estimate Consolidated-Tomoka (CTO) to Report a Decline in Earnings: What to Look Out for

    Consolidated-Tomoka (CTO) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • GlobeNewswire3 months ago

    Consolidated Tomoka Announces Update of Land Pipeline

    O’Connor terminated its contract with the Company for O’Connor’s purchase of approximately 203 acres of land for $45.3 million (the “O’Connor Contract”). Pursuant to the O’Connor Contract the 203 acres was rezoned for commercial use in February 2019.

  • GlobeNewswire3 months ago

    Consolidated Tomoka Announces Date of First Quarter 2019 Earnings Release and Earnings Call

    Consolidated-Tomoka Land Co. (NYSE American: CTO) (the “Company”) today announced that it plans to release its first quarter 2019 operating results after the market closes on Tuesday, April 16, 2019. A conference call to present the operating results is scheduled for Wednesday, April 17, 2019 at 9:00 a.m. eastern time (the “Earnings Call”). The Company plans to release its first quarter 2019 investor presentation in advance of the Earnings Call.

  • American City Business Journals3 months ago

    Unicorp scales back, changes focus for mixed-use project

    Unicorp National Developments Inc., one of the most prominent Orlando-based developers, has shifted gears on its Daytona Beach mixed-use project. The developer is under contract for 43 acres in two parcels for a grocery-anchored retail center and an upscale apartment complex, Unicorp President Chuck Whittall told Orlando Business Journal. Daytona-based Consolidated-Tomoka Land Co. (NYSE: CTO), the largest landowner in Daytona Beach, is the seller.

  • Consolidated-Tomoka Land (NYSEMKT:CTO) Shareholders Have Enjoyed A 46% Share Price Gain
    Simply Wall St.3 months ago

    Consolidated-Tomoka Land (NYSEMKT:CTO) Shareholders Have Enjoyed A 46% Share Price Gain

    Want to participate in a research study? Help shape the future of investing tools and earn a $60 gift card! These days it's easy to simply buy an index fund, and your returns should (roughly) match the market. But the truth...

  • Amazon plots huge new Central Florida warehouse
    American City Business Journals3 months ago

    Amazon plots huge new Central Florida warehouse

    E-commerce giant Amazon.com Inc. plans to open a distribution center in Daytona Beach. The Seattle-based company (Nasdaq: AMZN) will operate a roughly 300,000-square-foot distribution center east of Interstate 95 near the 630,000-square-foot Trader Joe’s distribution center, sources confirmed to Orlando Business Journal.