Zacks Investment Research downgraded shares of Condor Hospitality Trust, Inc. (NASDAQ:CDOR) from a hold rating to a sell rating in a research note published on Friday morning.

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. “

Several other research firms have also weighed in on CDOR. Robert W. Baird began 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. ValuEngine lowered shares of Condor Hospitality Trust from a hold rating to a sell rating in a research report on Monday, July 17th. Finally, FBR & Co began coverage on shares of Condor Hospitality Trust in a research report on Wednesday, September 13th. They set a buy rating and a $12.00 price objective for the company. Two analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. Condor Hospitality Trust has an average rating of Hold and an average price target of $11.60.

Shares of Condor Hospitality Trust (NASDAQ CDOR) traded up $0.26 during midday trading on Friday, hitting $10.18. The company’s stock had a trading volume of 1,273 shares, compared to its average volume of 10,343. Condor Hospitality Trust has a 12 month low of $8.13 and a 12 month high of $15.47. The company has a debt-to-equity ratio of 0.74, a current ratio of 5.04 and a quick ratio of 5.04.

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Institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in shares of 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 buying an additional 3,039 shares during the period. Mesirow Financial Investment Management Inc. acquired a new position in shares of Condor Hospitality Trust in the second quarter worth about $315,000. RMR Advisors LLC boosted its holdings 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 worth $736,000 after buying an additional 10,400 shares during the period. Dubuque Bank & Trust Co. acquired a new position in shares of Condor Hospitality Trust in the second quarter worth about $887,000. Finally, Bard Associates Inc. boosted its holdings in shares of 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 buying an additional 900 shares during the period. Institutional investors own 21.20% of the company’s stock.

Condor Hospitality Trust Company Profile

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