Janus Henderson Group PLC Has $1.87 Million Position in Condor Hospitality Trust, Inc. (CDOR)
Janus Henderson Group PLC boosted its stake in shares of Condor Hospitality Trust, Inc. (NYSEAMERICAN:CDOR) by 4.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 179,336 shares of the financial services provider’s stock after purchasing an additional 7,700 shares during the quarter. Janus Henderson Group PLC owned approximately 1.54% of Condor Hospitality Trust worth $1,874,000 at the end of the most recent reporting period.
A number of other large investors also recently added to or reduced their stakes in CDOR. Uniplan Investment Counsel Inc. acquired a new position in Condor Hospitality Trust during the 2nd quarter valued at approximately $5,192,000. Mesirow Financial Investment Management Inc. acquired a new position in Condor Hospitality Trust during the 2nd quarter valued at approximately $315,000. Northpointe Capital LLC boosted its position in Condor Hospitality Trust by 5.2% during 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. Foundry Partners LLC boosted its position in Condor Hospitality Trust by 9.3% during the 3rd quarter. Foundry Partners LLC now owns 215,400 shares of the financial services provider’s stock valued at $2,251,000 after purchasing an additional 18,375 shares during the period. Finally, Vanguard Group Inc. boosted its position in Condor Hospitality Trust by 30.2% during the 2nd quarter. Vanguard Group Inc. now owns 13,092 shares of the financial services provider’s stock valued at $140,000 after purchasing an additional 3,039 shares during the period. Institutional investors and hedge funds own 21.20% of the company’s stock.
In other news, CEO J William Blackham III acquired 4,000 shares of the company’s stock in a transaction dated Wednesday, December 27th. The shares were bought at an average price of $9.98 per share, with a total value of $39,920.00. Following the purchase, the chief executive officer now owns 185,385 shares of the company’s stock, valued at $1,850,142.30. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders have acquired a total of 6,625 shares of company stock worth $66,301 in the last ninety days. 44.20% of the stock is owned by company insiders.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 10th. Shareholders of record on Tuesday, January 2nd will be paid a dividend of $0.195 per share. This represents a $0.78 annualized dividend and a yield of 7.84%. The ex-dividend date of this dividend is Friday, December 29th. Condor Hospitality Trust’s payout ratio is currently 22.48%.
Several brokerages have weighed in on CDOR. FBR & Co began coverage on Condor Hospitality Trust in a research note on Wednesday, September 13th. They set a “buy” rating and a $12.00 target price on the stock. Zacks Investment Research raised Condor Hospitality Trust from a “hold” rating to a “buy” rating and set a $11.00 target price on the stock in a research note on Tuesday, October 10th. Finally, Robert W. Baird set a $11.00 target price on Condor Hospitality Trust and gave the company a “hold” rating in a research note on Sunday, October 29th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $11.60.
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About Condor Hospitality Trust
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