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Consolidated-Tomoka Land Co. Buyback

OLI recorded this information on 4/13/2017

Company: Consolidated-Tomoka Land Co.
Buyback: CTO buyback
$Amount Authorized: $10,000,000
Buyback Details: Consolidated-Tomoka Land Co. (NYSE MKT:CTO) (the "Company") today announced that it has completed the $10 million share repurchase program announced in December 2015 (the "Completed Repurchase Program"), as a result of repurchasing approximately $2.6 million of its common stock in the last 60 days. In total, under the Completed Repurchase Program, the Company repurchased 201,430 shares at an average price of $49.80 per share. The Company also announced that under its new $10 million share repurchase program (the "New Repurchase Program"), authorized by the CTO Board of Directors (the "Board") and announced in March of this year, the Company repurchased 18,972 shares through April 7, 2017, for approximately $1.01 million, or an average price per share of $53.36.

CTO Realty Growth is a real estate operating company. Co.'s business includes the following: Management Services, which is a management business that is engaged in managing Alpine Income Property Trust, Inc.; Commercial Loan and Master Lease Investments, which include a portfolio of three commercial loan investments and one preferred equity investment which is classified as a commercial loan investment; and Real Estate Operations, which portfolio of subsurface mineral interests associated in various counties in the State of Florida; and an inventory of mitigation credits as well as mitigation credits to be produced by Co.'s formerly owned mitigation bank.

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Preferred: CTO.PRA


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Company Name:  CTO Realty Growth Inc (New)
Stock buyback:  CTO buyback
Website:  www.ctoreit.com
Sector:  REITs
Number of ETFs Holding CTO:  20
Total Market Value Held by ETFs:  $33.28M
Total Market Capitalization:  $381.00M
% of Market Cap. Held by ETFs:  8.73%
 

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March 28, 2024    12:22 PM Eastern
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Strong Buy (3.50 out of 4)
59th percentile
(ranked higher than approx. 59% of all stocks covered)

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