CTO - Consolidated-Tomoka Land Co.

NYSE American - NYSE American Delayed Price. Currency in USD
63.54
+0.91 (+1.45%)
At close: 4:00PM EST

62.68 -0.86 (-1.35%)
After hours: 4:21PM EST

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Previous Close62.63
Open62.67
Bid62.47 x 1300
Ask62.88 x 900
Day's Range62.38 - 63.54
52 Week Range57.33 - 68.64
Volume28,638
Avg. Volume24,942
Market Cap313.194M
Beta (5Y Monthly)0.75
PE Ratio (TTM)2.76
EPS (TTM)23.00
Earnings DateFeb 11, 2020
Forward Dividend & Yield0.59 (0.94%)
Ex-Dividend DateFeb 20, 2020
1y Target Est82.00
  • GlobeNewswire

    Consolidated Tomoka Announces Acquisition of Perimeter Place, a 269,000 Square Foot Retail Center, in Atlanta, Georgia for $75.4 Million

    Consolidated-Tomoka Land Co. (NYSE American: CTO) (the “Company”) today announced the purchase of Perimeter Place (“Perimeter”), an approximately 269,000 square foot retail center situated on over 24 acres of land in Atlanta, Georgia, for $75.4 million, representing a going-in cap rate within the range of the Company’s previously provided guidance. Perimeter is 80% leased and anchored by SuperTarget (not a part of the Company’s acquisition), Ross Dress for Less and Michaels along with a variety of restaurants such as Fleming’s Prime Steakhouse & Wine Bar, Chipotle, Panera, Outback Steakhouse and Carrabba’s. The three-mile population is approximately 110,000 with an average household income of over $92,000. Perimeter is located approximately 1-mile from the 1.5 million square foot Perimeter Mall owned by Brookfield Properties and approximately 1.5 miles from the new State Farm campus that is projected to employ approximately 8,000 people by the end of 2020.

  • Thomson Reuters StreetEvents

    Edited Transcript of CTO earnings conference call or presentation 13-Feb-20 2:00pm GMT

    Q4 2019 Consolidated-Tomoka Land Co Earnings Call

  • Consolidated-Tomoka (CTO) Q4 Earnings and Revenues Beat Estimates
    Zacks

    Consolidated-Tomoka (CTO) Q4 Earnings and Revenues Beat Estimates

    Consolidated-Tomoka (CTO) delivered earnings and revenue surprises of 6.88% and 4.39%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?

  • GlobeNewswire

    Consolidated-Tomoka Announces Quarterly Dividend of $0.25 Per Share and Date of Annual Meeting

    Consolidated-Tomoka Land Co. (NYSE American: CTO) (the “Company”) today announced that the Company’s Board of Directors declared a quarterly dividend of $0.25 per share payable on February 28, 2020, to shareholders of record on February 24, 2020. In addition, the Company’s Board of Directors has set Wednesday, April 29, 2020, as the date for the Company’s annual meeting of shareholders. The meeting will be held at the LPGA International Golf Club in Daytona Beach, Florida at 2:00 p.m. local time.

  • GlobeNewswire

    Consolidated-Tomoka Land Co. Reports Earnings of $23.03 Per Share for 2019 and $20.05 Per Share for the Fourth Quarter of 2019, Book Value Increases to $59.83 Per Share

    DAYTONA BEACH, Fla., Feb. 12, 2020 -- Consolidated-Tomoka Land Co. (NYSE American: CTO) (the “Company”) today announced its operating results and earnings for the quarter and.

  • GlobeNewswire

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

    Consolidated-Tomoka Land Co. (NYSE American: CTO) (the “Company”) today announced that it plans to release its fourth quarter 2019 operating results after the market closes on Wednesday, February 12, 2020. A conference call to present the operating results is scheduled for Thursday, February 13, 2020 at 9:00 a.m. eastern time (the “Earnings Call”). The Company plans to release its fourth quarter 2019 investor presentation in advance of the Earnings Call.

  • GlobeNewswire

    Consolidated Tomoka Announces Closing of Transactions Exchanging $57.4 Million of Existing Convertible Senior Notes Due 2020 and Concurrent $17.6 Million Private Placement of Convertible Senior Notes Due 2025

    Consolidated-Tomoka Land Co. (NYSE American: CTO) (the “Company”) announced today that it has closed privately negotiated exchange agreements with certain holders of its outstanding 4.50% Convertible Senior Notes due 2020 (the “2020 Notes”) pursuant to which the Company will issue $57.4 million principal amount of 3.875% Convertible Senior Notes due 2025 (the “New Notes”) in exchange for $57.4 million principal amount of the 2020 Notes (collectively the “Private Exchanges”). In addition, the Company closed a privately negotiated purchase agreement with an investor and issued approximately $17.6 million principal amount of the New Notes (the “Private Placement,” and together with the Private Exchanges, the “Transactions”).

  • GlobeNewswire

    Consolidated Tomoka Announces Privately Negotiated Exchanges of Existing Convertible Senior Notes Due 2020 and Concurrent Private Placement of Convertible Senior Notes Due 2025

    Consolidated-Tomoka Land Co. (NYSE American: CTO) (the “Company”) announced today that it has entered into privately negotiated exchange agreements with certain holders of its outstanding 4.50% Convertible Senior Notes due 2020 (the “2020 Notes”) pursuant to which the Company will issue $55.2 million principal amount of 3.875% Convertible Senior Notes due 2025 (the “New Notes”) in exchange for $55.2 million principal amount of the 2020 Notes (collectively the “Private Exchanges”). Following the closing of the Private Exchanges, $19.8 million in aggregate principal amount of the 2020 Notes will remain outstanding with terms unchanged from the original issuance.

  • Consolidated-Tomoka (CTO) Earnings Expected to Grow: What to Know Ahead of Q4 Release
    Zacks

    Consolidated-Tomoka (CTO) Earnings Expected to Grow: What to Know Ahead of Q4 Release

    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.

  • GlobeNewswire

    Consolidated Tomoka Announces Acquisition of Crossroads Towne Center, a 254,000 Square Foot Retail Center, in Chandler, Arizona for $61.8 Million

    Consolidated-Tomoka Land Co. (NYSE American: CTO) (the “Company”) today announced the purchase of Crossroads Towne Center (“Crossroads”), an approximately 254,000 square foot retail center in Chandler, Arizona, for $61.8 million, representing a going-in cap rate of approximately 7.85%. Crossroads, located in the Phoenix MSA, is approximately 11 miles from Tempe and is 99% occupied. Crossroads is anchored by Home Depot and Wal-Mart, two properties that were not part of the Company’s acquisition, as well as a 12-screen Harkins Theatre and Bob’s Discount Furniture.

  • GlobeNewswire

    Consolidated Tomoka Announces Sale of 23 Acres For $4.0 Million By Land JV

    Consolidated-Tomoka Land Co. (NYSE American: CTO) (the “Company” or “CTO”) today announced the closing of the sale of  approximately 23 acres (the “Emerson Land Sale”), for $4.0 million, or approximately $176,000 per acre, to an affiliate of Emerson International, Inc. (“Emerson”), an international real estate developer with operations and developments in the U.S. The Emerson Land Sale was completed by the venture that was formed in October 2019 when the Company sold the controlling interest in the entity that held the remaining land portfolio (the “Land JV”). Pursuant to the Land JV structure, the proceeds from the Emerson Land Sale will be distributed in accordance with the distribution priority in the applicable operating agreement of the Land JV.

  • GlobeNewswire

    Consolidated Tomoka Announces Sale of 31 Acres for Approximately $6.4 Million by Land JV

    Consolidated-Tomoka Land Co. (NYSE American: CTO) (the “Company” or “CTO”) today announced the closing of the sale of approximately 38 acres (the “Land Sale”), for approximately $6.4 million, or approximately $167,000 per acre, to a regional developer of primarily multi-family residential projects. The Land Sale was completed by the venture that was formed in October 2019 when the Company sold the controlling interest in the entity that held the remaining land portfolio (the “Land JV”). Pursuant to the Land JV structure, the proceeds from the Land Sale will be distributed in accordance with the distribution priority in the applicable operating agreement of the Land JV.

  • 3 Stocks With Fast-Growing Earnings
    GuruFocus.com

    3 Stocks With Fast-Growing Earnings

    Analysts expect that these companies will continue performing very well Continue reading...

  • Hedge Funds Have Never Been More Bullish On Consolidated-Tomoka Land Co. (CTO)
    Insider Monkey

    Hedge Funds Have Never Been More Bullish On Consolidated-Tomoka Land Co. (CTO)

    At Insider Monkey, we pore over the filings of nearly 750 top investment firms every quarter, a process we have now completed for the latest reporting period. The data we've gathered as a result gives us access to a wealth of collective knowledge based on these firms' portfolio holdings as of September 30. In this […]

  • GlobeNewswire

    Consolidated Tomoka Announces Acquisition of The Strand, A 212,000 Square Foot Shopping Center, in Jacksonville, Florida for $62.7 Million

    Consolidated-Tomoka Land Co. (NYSE American: CTO) (the “Company”) today announced the purchase of The Strand, an approximately 212,000 square foot shopping center in Jacksonville, Florida (the “Strand”), for $62.7 million. The Strand is 95% occupied and has four anchor tenants: Hobby Lobby, Best Buy, 2nd & Charles and the PGA Superstore. The weighted average lease term for the leases of all 20 tenants at the Strand is approximately 9.5 years.

  • GlobeNewswire

    Consolidated Tomoka Announces Completion of Recently Announced $10 Million Share Buyback Program

    Consolidated-Tomoka Land Co. (NYSE American: CTO) (the “Company”) today announced that it has completed the $10 million share repurchase program announced in November 2019 (the “Completed Repurchase Program”), as a result of repurchasing approximately $10 million of its common stock in the last 30 days. In total, under the Completed Repurchase Program, the Company repurchased 158,625 shares at an average price of $63.04 per share. As a result of the Completed Repurchase Program, the Company’s shares outstanding currently totals 4,770,454.

  • GlobeNewswire

    Consolidated Tomoka Announces Sale of 31 Acres for $4.6 Million by Land JV

    Consolidated-Tomoka Land Co. (NYSE American: CTO) (the “Company” or “CTO”) today announced the closing of the sale of approximately 31 acres (the “Unicorp Sale”), for approximately $4.6 million, or approximately $148,000 per acre, to Unicorp National Development, Inc. of Orlando Florida (“Unicorp”). The Unicorp Sale was completed by the venture that acquired the remaining land portfolio from CTO in October of 2019 (the “Land JV”). Pursuant to the Land JV structure, the proceeds from the Unicorp Sale will go to pay the amount of preferred return accrued to CTO’s partner in the Land JV, with the remaining proceeds distributed in accordance with the distribution priority in the applicable operating agreement of the Land JV.

  • GlobeNewswire

    Consolidated Tomoka Announces Closing of Sale of 20 Income Properties to Alpine Income Property Trust, Inc and Other Related Transactions

    Consolidated-Tomoka Land Co. (NYSE American: CTO) (the “Company”) today announced that it had invested approximately $38.8 million in Alpine Income Propety Trust, Inc., and its affiliates (collectively “PINE”), resulting in the beneficial ownership of approximately 22.3% of PINE, through its investment in PINE’s IPO and the sale and contribution of a portfolio of 20 single-tenant net lease income properties. The sales transaction, for 15 of the 20 properties, resulted in the Company receiving approximately $125.9 million which the Company intends to redeploy in income property investments through the 1031 like-kind exchange structure. The Company announced the closing of the sale of 20 of the Company’s single-tenant net lease income properties to PINE, including 15 properties sold for approximately $125.9 million in cash and 5 properties contributed to PINE’s operating partnership for 1,223,854 units in PINE’s operating partnership (the “OP Units”), which can be exchanged for shares in PINE on a one-for-one basis.

  • Is It Too Late To Consider Buying Consolidated-Tomoka Land Co. (NYSEMKT:CTO)?
    Simply Wall St.

    Is It Too Late To Consider Buying Consolidated-Tomoka Land Co. (NYSEMKT:CTO)?

    Consolidated-Tomoka Land Co. (NYSEMKT:CTO), which is in the real estate business, and is based in United States, saw...

  • GlobeNewswire

    Alpine Income Property Trust Launches Initial Public Offering

    DAYTONA BEACH, Fla., Nov. 08, 2019 -- Alpine Income Property Trust, Inc. (the “Company” or “PINE”) announced today the launch of its initial public offering of 7,500,000 shares.

  • GlobeNewswire

    Consolidated Tomoka Announces Additional $10 Million Share Buyback Program

    Consolidated-Tomoka Land Co. (NYSE American: CTO) (the “Company”) today announced that its Board of Directors (the “Board”) approved an additional $10 million share buyback program (the “Additional Buyback Program”). This Additional Buyback Program is a continuation of the Company’s year-to-date repurchases of approximately $31.1 million or approximately 532,000 shares, or approximately 9.8% of outstanding shares.

  • GlobeNewswire

    Consolidated Tomoka Announces Acquisition of Single-Tenant Property Leased to Burlington in North Richland Hills, Texas for $11.9 Million

    Consolidated-Tomoka Land Co. (NYSE American: CTO) (the “Company”) today announced the purchase of an approximately 70,900 square foot income property on 5.29 acres in North Richland Hills, Texas (the “Property”), under a long-term lease to Burlington Stores, Inc., for approximately $11.9 million. The initial investment cap rate was above the mid-point of the range in the Company’s 2019 guidance. This acquisition was purchased using 1031 like-kind exchange proceeds from the Company’s August 2019 sale of a ground lease with Wawa in Winter Park, Florida and a portion of the recently-announced transaction with Magnetar Capital.

  • GlobeNewswire

    Consolidated-Tomoka Announces Formation and Planned IPO of New Single-Tenant Net Lease REIT and Investment Strategy Focused on Higher Return Assets

    Consolidated-Tomoka Land Co. (NYSE American: CTO) (the “Company” or “CTO”) today announced the creation and planned initial public offering of Alpine Income Property Trust, Inc. (“Alpine” or “PINE”), and CTO’s intention to sell or contribute to Alpine a portfolio of 20 of CTO’s single-tenant net lease income properties (the “IPO Portfolio”).  CTO also announced that its investment strategy will focus on higher return real estate assets, and that the Company will rebrand itself as CTO Realty Growth, Inc. At the closing of the PINE IPO, Alpine intends to enter into a management agreement with CTO with an initial term of five years whereby the Company will externally manage Alpine for an annual base management fee equal to 1.5% of the total value of the outstanding equity of Alpine, as well as the opportunity to earn an annual incentive management fee based on the total shareholder returns generated for the shareholders of PINE.

  • Thomson Reuters StreetEvents

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

    Q3 2019 Consolidated-Tomoka Land Co Earnings Call

  • GlobeNewswire

    Consolidated-Tomoka Announces the Sale of its Golf Operations for $3.45 Million

    Consolidated-Tomoka Land Co. (NYSE American: CTO) (the “Company”) today announced the closing of the sale of its golf operations, consisting of the LPGA International Golf Club, (the “Golf Club”), for total proceeds to the Company of approximately $3.45 million (the “Golf Transaction”). The Company provided the buyer, an affiliate of Fore Golf Services, Inc. (“Fore Golf”), financing in the form of a first mortgage loan (the “Fore Golf Loan”).