Stock News in Focus: Consolidated-Tomoka Land Co. (CTO)

Robert Cieslak

 Consolidated-Tomoka Land Co. (NYSE American: CTO) changed -0.12% to recent value of $59.02. The stock transacted 27527 shares during most recent day however it has an average volume of 29.04K shares. It spotted trading -11.93% off 52-week high price. On the other end, the stock has been noted 19.89% away from the low price over the last 52-weeks.

 Consolidated-Tomoka Land Co. (NYSE American: CTO) 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 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.

About Consolidated-Tomoka Land Co.

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 over 5,300 acres of land in the Daytona Beach area.  CTO has a gross margin of 74.40% . Its earnings per share (EPS) expected to touch remained 108.60% for this year

 The company has 5.03M of outstanding shares and 4.83M shares were floated in the market. . The price moved ahead of -1.24% from the mean of 20 days, -2.21% from mean of 50 days SMA and performed -0.71% from mean of 200 days price. Company’s performance for the week was -0.30%, -1.44% for month and YTD performance remained 12.42%.

Leave a Reply

Your email address will not be published. Required fields are marked *

Next Post

Eye Catching Stock: L Brands (LB)

L Brands (LB) spotted trading -35.29% off 52-week high price. On the other end, the stock has been noted 14.67% away from the low price over the last 52-weeks. The stock changed 2.80% to recent value of $24.59. The stock transacted 6430783 shares during most recent day however it has […]