ValuEngine upgraded shares of Condor Hospitality Trust, Inc. (NASDAQ:CDOR) from a sell rating to a hold rating in a report issued on Thursday, July 6th.

CDOR has been the topic of several other research reports. KeyCorp began coverage on shares of Condor Hospitality Trust in a report on Friday, May 19th. They set a sector weight rating on the stock. Janney Montgomery Scott began coverage on shares of Condor Hospitality Trust in a report on Tuesday, April 25th. They set a buy rating and a $12.00 price objective on the stock. Finally, DA Davidson set a $12.00 price objective on shares of Condor Hospitality Trust and gave the company a buy rating in a report on Wednesday, May 17th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of Hold and a consensus price target of $11.67.

Shares of Condor Hospitality Trust (NASDAQ CDOR) traded up 0.57% during midday trading on Thursday, reaching $10.67. 3,154 shares of the company’s stock traded hands. The company has a 50-day moving average of $10.67 and a 200-day moving average of $11.48. The company’s market capitalization is $123.28 million. Condor Hospitality Trust has a one year low of $9.94 and a one year high of $20.41.

Condor Hospitality Trust (NASDAQ:CDOR) last posted its quarterly earnings data on Monday, May 15th. The financial services provider reported ($4.75) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by $5.35. Condor Hospitality Trust had a net margin of 27.30% and a return on equity of 43.55%. Equities research analysts anticipate that Condor Hospitality Trust will post $1.89 EPS for the current year.

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The firm also recently declared a quarterly dividend, which was paid on Friday, July 7th. Investors of record on Friday, June 30th were issued a $0.195 dividend. The ex-dividend date was Wednesday, June 28th. This represents a $0.78 annualized dividend and a yield of 7.31%. Condor Hospitality Trust’s dividend payout ratio (DPR) is presently -8.22%.

A number of institutional investors have recently modified their holdings of the company. Dubuque Bank & Trust Co. acquired a new position in shares of Condor Hospitality Trust during the second quarter valued at $887,000. UBS Oconnor LLC acquired a new position in shares of Condor Hospitality Trust during the first quarter valued at $1,325,000. Thomson Horstmann & Bryant Inc. increased its position in shares of Condor Hospitality Trust by 32.4% in the second quarter. Thomson Horstmann & Bryant Inc. now owns 463,239 shares of the financial services provider’s stock valued at $4,956,000 after buying an additional 113,239 shares during the period. RMR Advisors LLC increased its position in shares of Condor Hospitality Trust by 17.9% in the second quarter. RMR Advisors LLC now owns 68,655 shares of the financial services provider’s stock valued at $736,000 after buying an additional 10,400 shares during the period. Finally, Northpointe Capital LLC increased its position in shares of Condor Hospitality Trust by 22.7% in the second quarter. Northpointe Capital LLC now owns 367,989 shares of the financial services provider’s stock valued at $3,937,000 after buying an additional 67,989 shares during the period. Institutional investors own 21.20% of the company’s stock.

About Condor Hospitality Trust

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