Zacks Investment Research downgraded shares of Condor Hospitality Trust (NYSEAMERICAN:CDOR) from a buy rating to a hold rating in a research report sent to investors on Tuesday.
According to Zacks, “Condor Hospitality Trust, Inc. is a self-administered real estate investment trust. The Company specializes in the investment and ownership of upper midscale and upscale, premium-branded select-service, extended stay and limited service hotels. Condor Hospitality Trust, Inc., formerly known as Supertel Hospitality, Inc., is based in Norfolk, United States. “
Separately, B. Riley set a $12.00 price objective on shares of Condor Hospitality Trust and gave the company a buy rating in a research note on Thursday, August 9th.
NYSEAMERICAN:CDOR opened at $11.10 on Tuesday. Condor Hospitality Trust has a twelve month low of $9.26 and a twelve month high of $11.32. The company has a debt-to-equity ratio of 0.74, a quick ratio of 5.04 and a current ratio of 5.04.
Condor Hospitality Trust (NYSEAMERICAN:CDOR) last released its earnings results on Tuesday, August 7th. The financial services provider reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.07). The company had revenue of $17.83 million for the quarter, compared to analysts’ expectations of $18.92 million. Condor Hospitality Trust had a return on equity of 43.55% and a net margin of 27.30%.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 3rd. Shareholders of record on Friday, September 21st were paid a dividend of $0.195 per share. This represents a $0.78 annualized dividend and a yield of 7.03%. The ex-dividend date of this dividend was Thursday, September 20th.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Highland Capital Management LP acquired a new stake in Condor Hospitality Trust during the 1st quarter valued at approximately $252,000. BlackRock Inc. lifted its stake in Condor Hospitality Trust by 55.1% during the 2nd quarter. BlackRock Inc. now owns 30,074 shares of the financial services provider’s stock valued at $312,000 after acquiring an additional 10,685 shares during the period. Renaissance Technologies LLC lifted its stake in Condor Hospitality Trust by 68.2% during the 2nd quarter. Renaissance Technologies LLC now owns 97,350 shares of the financial services provider’s stock valued at $1,012,000 after acquiring an additional 39,459 shares during the period. Finally, Corbyn Investment Management Inc. MD lifted its stake in Condor Hospitality Trust by 58.7% during the 2nd quarter. Corbyn Investment Management Inc. MD now owns 435,018 shares of the financial services provider’s stock valued at $4,524,000 after acquiring an additional 160,842 shares during the period. Institutional investors and hedge funds own 21.20% of the company’s stock.
Condor Hospitality Trust Company Profile
Condor Hospitality Trust, Inc (NYSE American: CDOR) is a self-administered real estate investment trust that specializes in the investment and ownership of upper midscale and upscale, premium-branded, select-service, extended-stay, and limited-service hotels in the top 100 Metropolitan Statistical Areas (?MSAs?) with a particular focus on the top 20 to 60 MSAs.
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