Brokerages predict that Condor Hospitality Trust, Inc. (NASDAQ:CDOR) will announce sales of $15.21 million for the current quarter, Zacks reports. Three analysts have issued estimates for Condor Hospitality Trust’s earnings, with the highest sales estimate coming in at $16.10 million and the lowest estimate coming in at $14.40 million. Condor Hospitality Trust posted sales of $13.52 million in the same quarter last year, which would indicate a positive year over year growth rate of 12.5%. The business is expected to report its next quarterly earnings results on Tuesday, November 14th.

On average, analysts expect that Condor Hospitality Trust will report full year sales of $15.21 million for the current fiscal year, with estimates ranging from $54.15 million to $57.20 million. For the next fiscal year, analysts forecast that the firm will report sales of $71.14 million per share, with estimates ranging from $64.77 million to $81.05 million. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Condor Hospitality Trust.

CDOR has been the subject of several analyst reports. DA Davidson set a $12.00 price target on shares of Condor Hospitality Trust and gave the company a “buy” rating in a report on Wednesday, May 17th. KeyCorp initiated coverage on shares of Condor Hospitality Trust in a report on Friday, May 19th. They set a “sector weight” rating for the company. ValuEngine raised shares of Condor Hospitality Trust from a “sell” rating to a “hold” rating in a report on Thursday, July 6th. Robert W. Baird initiated coverage on shares of Condor Hospitality Trust in a report on Thursday, July 13th. They set a “neutral” rating and a $11.00 price target for the company. Finally, Zacks Investment Research raised shares of Condor Hospitality Trust from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a report on Thursday, August 10th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $11.75.

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Condor Hospitality Trust (NASDAQ:CDOR) opened at 10.42 on Monday. The stock’s market cap is $121.18 million. Condor Hospitality Trust has a one year low of $9.94 and a one year high of $20.41. The stock has a 50 day moving average of $10.56 and a 200-day moving average of $11.02.

In related news, CEO J William Blackham III acquired 5,000 shares of Condor Hospitality Trust stock in a transaction that occurred on Friday, August 11th. The stock was acquired at an average price of $10.49 per share, with a total value of $52,450.00. Following the completion of the acquisition, the chief executive officer now directly owns 181,385 shares of the company’s stock, valued at approximately $1,902,728.65. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 44.20% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the stock. Bard Associates Inc. lifted its holdings in Condor Hospitality Trust by 0.6% in the second quarter. Bard Associates Inc. now owns 163,650 shares of the financial services provider’s stock worth $1,751,000 after purchasing an additional 900 shares during the period. Vanguard Group Inc. lifted its holdings in Condor Hospitality Trust by 30.2% in the second quarter. Vanguard Group Inc. now owns 13,092 shares of the financial services provider’s stock worth $140,000 after purchasing an additional 3,039 shares during the period. RMR Advisors LLC lifted its holdings in 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 worth $736,000 after purchasing an additional 10,400 shares during the period. Mesirow Financial Investment Management Inc. acquired a new stake in Condor Hospitality Trust in the second quarter worth about $315,000. Finally, Corbyn Investment Management Inc. MD lifted its holdings in Condor Hospitality Trust by 39.7% in the second quarter. Corbyn Investment Management Inc. MD now owns 230,453 shares of the financial services provider’s stock worth $2,466,000 after purchasing an additional 65,453 shares during the period. 21.20% of the stock is owned by institutional investors and hedge funds.

Condor Hospitality Trust Company Profile

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