Consolidated-Tomoka Land Co. (CTO) Stock Rating Upgraded by BidaskClub

BidaskClub upgraded shares of Consolidated-Tomoka Land Co. (NYSEMKT:CTO) from a hold rating to a buy rating in a research note published on Wednesday morning.

Shares of Consolidated-Tomoka Land (NYSEMKT:CTO) opened at 56.81 on Wednesday. Consolidated-Tomoka Land has a one year low of $48.65 and a one year high of $58.28. The stock’s 50 day moving average is $54.84 and its 200-day moving average is $54.50. The company has a market cap of $319.73 million, a P/E ratio of 10.77 and a beta of 1.16.

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The company also recently declared a quarterly dividend, which was paid on Wednesday, August 30th. Investors of record on Thursday, August 10th were paid a $0.05 dividend. This is a boost from Consolidated-Tomoka Land’s previous quarterly dividend of $0.04. The ex-dividend date was Tuesday, August 8th. This represents a $0.20 dividend on an annualized basis and a yield of 0.39%. Consolidated-Tomoka Land’s payout ratio is presently 4.28%.

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.

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