Last $52.25 USD
Change Today -0.22 / -0.42%
Volume 28.3K
CTO On Other Exchanges
Symbol
Exchange
NYSE Amex
As of 8:04 PM 09/19/14 All times are local (Market data is delayed by at least 15 minutes).

cons tomoka land co-florida (CTO) Snapshot

Open
$52.59
Previous Close
$52.47
Day High
$53.24
Day Low
$51.00
52 Week High
09/3/14 - $60.82
52 Week Low
02/10/14 - $33.11
Market Cap
305.9M
Average Volume 10 Days
15.2K
EPS TTM
$0.84
Shares Outstanding
5.9M
EX-Date
05/7/14
P/E TM
62.2x
Dividend
$0.06
Dividend Yield
0.12%
Current Stock Chart for CONS TOMOKA LAND CO-FLORIDA (CTO)

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cons tomoka land co-florida (CTO) Details

Consolidated-Tomoka Land Co., through its subsidiaries, operates as a diversified real estate operating company in the United States. It owns and manages commercial real estate properties and self-developed properties. As of December 31, 2013, the company's land holdings included approximately 10,000 acres in Daytona Beach area of Volusia County, Florida; approximately 1 acre in Highlands County; 35 retail buildings located on approximately 109 acres throughout Arizona, California, Colorado, Florida, Georgia, Illinois, North Carolina, and Washington; 2 self-developed flex-office properties located on 12 acres in Daytona Beach, Florida; and full or fractional subsurface oil, gas, and mineral interests of approximately 490,000 surface acres in 20 counties in Florida. It is also involved in the golf course operation, which consists of the operation of two 18-hole championship golf courses with an additional 3-hole practice facility, a clubhouse facility, and food and beverage activities; and leases property for billboards, agricultural, and hunting operations. Its agricultural lands encompass approximately 9,700 acres for hay production, timber harvesting, and hunting leases on the west side of Daytona Beach, Florida. Consolidated-Tomoka Land Co. was founded in 1902 and is based in Daytona Beach, Florida.

13 Employees
Last Reported Date: 03/10/14
Founded in 1902

cons tomoka land co-florida (CTO) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $720.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $280.0K
Compensation as of Fiscal Year 2013.

cons tomoka land co-florida (CTO) Key Developments

Consolidated Tomoka Land Co. Presents at BMO 9th Annual North American Real Estate Conference, Sep-15-2014 04:30 PM

Consolidated Tomoka Land Co. Presents at BMO 9th Annual North American Real Estate Conference, Sep-15-2014 04:30 PM. Venue: Four Seasons Hotel, Chicago, Illinois, United States.

Consolidated Tomoka Land Co. Amends its Unsecured Revolving Credit Facility

Consolidated Tomoka Land Co. announced the closing of an amendment to its unsecured revolving credit facility. The third amendment included the following modifications: Increased the lending commitment up to $75 million under the accordion feature; Reduced the interest rate to a range of LIBOR plus 135 basis points up to LIBOR plus 200 basis points, based on the Company's debt level, from the prior range of LIBOR plus 150 basis points up to LIBOR plus 225 basis points; Extended the maturity date to August 1, 2018 from March, 2016 with a one-year extension option at the Company's election; and Included the payment of a customary fee by the Company.

Consolidated Tomoka Land Co. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Consolidated Tomoka Land Co. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company's total revenue increased 29% to approximately $6.3 million, as compared to approximately $4.8 million during the same period in 2013. This increase was primarily the result of an increase of approximately $359,000, or 11%, in revenue generated by the company's income properties, an increase of approximately $701,000, or 231%, in revenue from the company's real estate operations, and approximately $256,000 in revenue from the company's commercial loan investments, which the company did not have in 2013. Net income was approximately $723,000 or $0.13 per share compared to approximately $252,000 or $0.04 per share in the same period in 2013. Operating income was $1,680,299 against $218,655 a year ago. Income from continuing operations before income tax expense was $1,176,892 against loss of $249,716 for the same period a year ago. Income from continuing operations was $722,908 or $0.13 basic and diluted per share against loss from continuing operations of $149,035 or $0.03 basic and diluted per share a year ago. For the six months, the company's total revenue increased 38% to approximately $13.4 million, as compared to approximately $9.7 million during the same period in 2013. This increase was primarily the result of an increase of approximately $809,000, or 13%, in revenue generated by the company's income properties, an increase of approximately $1.6 million, or 256%, in revenue from the company's real estate operations, and approximately $1.2 million in revenue from the company's commercial loan investments, which the company did not have in 2013. Net income was approximately $2.2 million or $0.39 per share as compared to approximately $589,000 or $0.10 per share in the same period in 2013. The company's results in the first six months of 2014 benefited from approximately $3.7 million, or 38%, in increased revenues and a decrease in operating expenses of approximately $86,000, or 1%. Included in the net decrease of approximately $86,000 was approximately $213,000 of increased direct costs of revenues for the company's income properties, of which approximately $101,000 was related to the company's acquisition of the property in Katy, Texas, increased depreciation and amortization of approximately $223,000 reflecting its larger income property portfolio, and increased general administrative expenses of approximately $41,000. Operating income was $4,584,168 against $831,198 a year ago. Income from continuing operations before income tax expense was $3,627,057 against $25,461 for the same period a year ago. Income from continuing operations was $2,223,315 or $0.39 basic and diluted per share against $25,053 or $0.00 basic and diluted per share a year ago.

 

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CTO

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Valuation CTO Industry Range
Price/Earnings 63.2x
Price/Sales 10.2x
Price/Book 2.5x
Price/Cash Flow 36.3x
TEV/Sales 7.7x
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