Foundry Partners LLC Purchases 18,375 Shares of Condor Hospitality Trust, Inc. (CDOR)
Foundry Partners LLC raised its position in Condor Hospitality Trust, Inc. (NASDAQ:CDOR) by 9.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 215,400 shares of the financial services provider’s stock after purchasing an additional 18,375 shares during the quarter. Foundry Partners LLC owned 1.85% of Condor Hospitality Trust worth $2,251,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Northpointe Capital LLC raised its stake in shares of Condor Hospitality Trust by 5.2% in the 3rd quarter. Northpointe Capital LLC now owns 387,039 shares of the financial services provider’s stock valued at $4,045,000 after purchasing an additional 19,050 shares during the period. Uniplan Investment Counsel Inc. bought a new position in shares of Condor Hospitality Trust in the 2nd quarter valued at about $5,192,000. Janus Henderson Group PLC bought a new position in shares of Condor Hospitality Trust in the 2nd quarter valued at about $1,840,000. Dubuque Bank & Trust Co. bought a new position in shares of Condor Hospitality Trust in the 2nd quarter valued at about $887,000. Finally, Mesirow Financial Investment Management Inc. bought a new position in shares of Condor Hospitality Trust in the 2nd quarter valued at about $315,000. 21.20% of the stock is currently owned by hedge funds and other institutional investors.
In other news, CEO J William Blackham III acquired 5,000 shares of the stock in a transaction on Friday, August 11th. The stock was acquired at an average cost of $10.49 per share, for a total transaction of $52,450.00. Following the completion of the transaction, the chief executive officer now directly owns 181,385 shares in the company, valued at $1,902,728.65. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 44.20% of the stock is currently owned by insiders.
Several equities analysts have recently weighed in on CDOR shares. Zacks Investment Research cut Condor Hospitality Trust from a “buy” rating to a “hold” rating in a report on Wednesday, October 18th. Robert W. Baird set a $11.00 price target on Condor Hospitality Trust and gave the stock a “hold” rating in a report on Sunday, October 29th. FBR & Co assumed coverage on Condor Hospitality Trust in a report on Wednesday, September 13th. They set a “buy” rating and a $12.00 price target for the company. Finally, ValuEngine cut Condor Hospitality Trust from a “hold” rating to a “sell” rating in a report on Monday, July 17th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $11.60.
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Shares of Condor Hospitality Trust, Inc. (NASDAQ CDOR) opened at $10.03 on Wednesday. The company has a current ratio of 5.04, a quick ratio of 5.04 and a debt-to-equity ratio of 0.74. Condor Hospitality Trust, Inc. has a 1 year low of $8.13 and a 1 year high of $15.47.
The firm also recently declared a quarterly dividend, which was paid on Monday, October 9th. Stockholders of record on Monday, October 2nd were given a $0.195 dividend. The ex-dividend date of this dividend was Friday, September 29th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 7.78%.
About Condor Hospitality Trust
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