B. Riley set a $12.00 price target on Condor Hospitality Trust (NYSEAMERICAN:CDOR) in a research note released on Tuesday. The firm currently has a buy rating on the financial services provider’s stock.
A number of other research firms have also weighed in on CDOR. Zacks Investment Research lowered Condor Hospitality Trust from a buy rating to a hold rating in a research note on Wednesday, October 18th. Robert W. Baird set a $11.00 target price on Condor Hospitality Trust and gave the stock a hold rating in a research note on Sunday, October 29th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. The stock has an average rating of Hold and a consensus price target of $11.67.
Shares of Condor Hospitality Trust (CDOR) opened at $10.57 on Tuesday. The company has a debt-to-equity ratio of 0.74, a current ratio of 5.04 and a quick ratio of 5.04. Condor Hospitality Trust has a 52 week low of $8.13 and a 52 week high of $15.47. The firm has a market capitalization of $122.83, a price-to-earnings ratio of 3.05 and a beta of 3.19.
Condor Hospitality Trust (NYSEAMERICAN:CDOR) last released its earnings results on Monday, November 6th. The financial services provider reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.35). Condor Hospitality Trust had a return on equity of 43.55% and a net margin of 27.30%.
The company also recently declared a quarterly dividend, which was paid on Wednesday, January 10th. Stockholders of record on Tuesday, January 2nd were paid a dividend of $0.195 per share. The ex-dividend date of this dividend was Friday, December 29th. This represents a $0.78 annualized dividend and a dividend yield of 7.38%. Condor Hospitality Trust’s dividend payout ratio is currently 22.48%.
In other news, CEO J William Blackham III purchased 4,000 shares of the business’s stock in a transaction dated Wednesday, December 27th. The shares were purchased at an average price of $9.98 per share, for a total transaction of $39,920.00. Following the completion of the purchase, the chief executive officer now owns 185,385 shares in the company, valued at approximately $1,850,142.30. The purchase was disclosed in a document filed with the SEC, which is available at this link. In the last 90 days, insiders have bought 6,625 shares of company stock worth $66,301. Insiders own 44.20% of the company’s stock.
Hedge funds have recently modified their holdings of the stock. Foundry Partners LLC boosted its position in Condor Hospitality Trust by 9.3% during the third quarter. Foundry Partners LLC now owns 215,400 shares of the financial services provider’s stock valued at $2,251,000 after purchasing an additional 18,375 shares in the last quarter. Northpointe Capital LLC boosted its holdings in Condor Hospitality Trust by 5.2% in the third quarter. Northpointe Capital LLC now owns 387,039 shares of the financial services provider’s stock worth $4,045,000 after acquiring an additional 19,050 shares in the last quarter. Thomson Horstmann & Bryant Inc. boosted its holdings in Condor Hospitality Trust by 4.6% in the fourth quarter. Thomson Horstmann & Bryant Inc. now owns 410,713 shares of the financial services provider’s stock worth $4,086,000 after acquiring an additional 17,946 shares in the last quarter. Janus Henderson Group PLC acquired a new stake in Condor Hospitality Trust in the second quarter worth about $1,840,000. Finally, Mesirow Financial Investment Management Inc. acquired a new stake in Condor Hospitality Trust in the second quarter worth about $315,000. 21.20% of the stock is currently owned by institutional investors.
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About Condor Hospitality Trust
Condor Hospitality Trust Inc is an equity real estate investment trust. The firm invests in the real estate markets of the United States. It primarily invests in limited-service hotels. The firm specializes in the select-service segment of the lodging industry. It was formerly known as Supertel Hospitality, Inc Condor Hospitality Trust Inc was launched on August 23, 1994 and is based in Norfolk, Nebraska.
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