Consolidated-Tomoka Land Co Gets a Buy from FBR Capital

By Ryan Adsit

FBR Capital analyst David Corak reiterated a Buy rating on Consolidated-Tomoka Land Co (NYSE MKT: CTO) today. The company’s shares opened today at $51.84.

According to, Corak is a 3-star analyst with an average return of 5.6% and a 48.8% success rate. Corak covers the Financial sector, focusing on stocks such as National Storage Affiliates Trust, Preferred Apartment Communities, and Bluerock Residential Growth.

Consolidated-Tomoka Land Co has an analyst consensus of Moderate Buy.

Consolidated-Tomoka Land Co’s market cap is currently $295.7M and has a P/E ratio of 18.09. The company has a book value ratio of 1.9945.

Based on the recent corporate insider activity of 38 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CTO in relation to earlier this year.

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Consolidated Tomoka Land Co. is a diversified real estate operating company. The company operates in four business segments: income properties, commercial loan investments, real estate operations, and golf operations. The Commercial loan Investments segment consists of one loan collateralized by a hotel property in Atlanta, Georgia. The Real Estate Operations segment consists of revenues generated from land transactions and leasing and royalty income from its interests in subsurface oil, gas and mineral rights. The Income Properties segment consists primarily of income producing properties and its business plan is to focus on investing in additional income-producing properties. The Golf Operations segment consist of a single property located in the city, with two 18-hole championship golf courses, a practice facility, and clubhouse facilities, including a restaurant and bar operation and pro-shop with retail merchandise. The company was founded in 1902 and is headquartered in Daytona Beach, FL.