Condor Hospitality Trust, Inc. (CDOR) Upgraded to “Buy” by Zacks Investment Research
Zacks Investment Research upgraded shares of Condor Hospitality Trust, Inc. (NASDAQ:CDOR) from a hold rating to a buy rating in a research note released on Tuesday. Zacks Investment Research currently has $11.00 price target on the financial services provider’s stock.
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. “
CDOR has been the subject of several other research reports. ValuEngine upgraded shares of Condor Hospitality Trust from a sell rating to a hold rating in a research report on Thursday, July 6th. FBR & Co initiated coverage on shares of Condor Hospitality Trust in a research report on Wednesday, September 13th. They issued a buy rating and a $12.00 price target for the company. Finally, Robert W. Baird initiated coverage on shares of Condor Hospitality Trust in a research report on Thursday, July 13th. They set a neutral rating and a $11.00 price objective for the company. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company’s stock. Condor Hospitality Trust has a consensus rating of Buy and an average price target of $11.60.
Shares of Condor Hospitality Trust (CDOR) opened at 10.21 on Tuesday. The firm’s market cap is $118.74 million. Condor Hospitality Trust has a 52-week low of $8.13 and a 52-week high of $15.56. The company’s 50-day moving average is $10.38 and its 200 day moving average is $10.49.
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The company also recently disclosed a quarterly dividend, which was paid on Monday, October 9th. Shareholders of record on Monday, October 2nd were given a dividend of $0.195 per share. The ex-dividend date was Friday, September 29th. This represents a $0.78 dividend on an annualized basis and a yield of 7.64%. Condor Hospitality Trust’s payout ratio is currently -8.22%.
In other news, CEO J William Blackham III acquired 5,000 shares of the business’s stock in a transaction on Friday, August 11th. The stock was bought at an average price of $10.49 per share, for a total transaction of $52,450.00. Following the transaction, the chief executive officer now owns 181,385 shares in the company, valued at $1,902,728.65. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 44.20% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently made changes to their positions in CDOR. UBS Oconnor LLC purchased a new position in Condor Hospitality Trust during the 1st quarter worth $1,325,000. Dubuque Bank & Trust Co. acquired a new position in shares of Condor Hospitality Trust during the 2nd quarter worth $887,000. Thomson Horstmann & Bryant Inc. grew its stake in shares of Condor Hospitality Trust by 32.4% during the 2nd quarter. Thomson Horstmann & Bryant Inc. now owns 463,239 shares of the financial services provider’s stock worth $4,956,000 after purchasing an additional 113,239 shares during the period. RMR Advisors LLC grew its stake in shares of Condor Hospitality Trust by 17.9% during the 2nd 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. Finally, Corbyn Investment Management Inc. MD grew its stake in shares of Condor Hospitality Trust by 39.7% during the 2nd 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. Institutional investors own 21.20% of the company’s stock.
Condor Hospitality Trust Company Profile
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