Condor Hospitality Trust, Inc. (CDOR) Receives $11.75 Average Price Target from Brokerages

Condor Hospitality Trust, Inc. (NYSEAMERICAN:CDOR) has received an average recommendation of “Buy” from the eight ratings firms that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $11.80.

CDOR has been the subject of a number of recent analyst reports. B. Riley set a $12.00 target price on Condor Hospitality Trust and gave the company a “buy” rating in a report on Tuesday, January 16th. Zacks Investment Research raised Condor Hospitality Trust from a “hold” rating to a “buy” rating and set a $12.00 target price for the company in a report on Friday.

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In related news, CEO J William Blackham III purchased 4,000 shares of the firm’s stock in a transaction on Wednesday, December 27th. The shares were acquired at an average cost of $9.98 per share, with a total value of $39,920.00. Following the purchase, the chief executive officer now directly 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 is accessible through the SEC website. Insiders own 44.20% of the company’s stock.

A number of institutional investors have recently made changes to their positions in CDOR. Vanguard Group Inc. increased its stake in shares of Condor Hospitality Trust by 30.2% during the second quarter. Vanguard Group Inc. now owns 13,092 shares of the financial services provider’s stock valued at $140,000 after buying an additional 3,039 shares during the period. Deutsche Bank AG increased its stake in shares of Condor Hospitality Trust by 120.4% during the fourth quarter. Deutsche Bank AG now owns 25,786 shares of the financial services provider’s stock valued at $256,000 after buying an additional 14,085 shares during the period. Renaissance Technologies LLC increased its stake in shares of Condor Hospitality Trust by 167.2% during the fourth quarter. Renaissance Technologies LLC now owns 39,791 shares of the financial services provider’s stock valued at $396,000 after buying an additional 24,900 shares during the period. Bank of New York Mellon Corp purchased a new position in shares of Condor Hospitality Trust during the fourth quarter valued at approximately $494,000. Finally, Janus Henderson Group PLC increased its stake in shares of Condor Hospitality Trust by 4.5% during the third quarter. Janus Henderson Group PLC now owns 179,336 shares of the financial services provider’s stock valued at $1,874,000 after buying an additional 7,700 shares during the period. 21.20% of the stock is currently owned by institutional investors and hedge funds.

Condor Hospitality Trust (NYSEAMERICAN:CDOR) traded down $0.08 during mid-day trading on Friday, reaching $10.28. The company’s stock had a trading volume of 8,590 shares, compared to its average volume of 16,182. The company has a quick ratio of 5.04, a current ratio of 5.04 and a debt-to-equity ratio of 0.74. The stock has a market cap of $121.41, a price-to-earnings ratio of 2.96 and a beta of 2.89. Condor Hospitality Trust has a 1-year low of $8.13 and a 1-year high of $11.25.

The company also recently announced a quarterly dividend, which will be paid on Monday, April 9th. Investors of record on Monday, April 2nd will be given a $0.195 dividend. The ex-dividend date is Thursday, March 29th. This represents a $0.78 dividend on an annualized basis and a yield of 7.59%. Condor Hospitality Trust’s payout ratio is 22.48%.

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Condor Hospitality Trust Company Profile

Condor Hospitality Trust, Inc (NYSE American: CDOR) is a self-administered real estate investment trust that specializes in the investment and ownership of upper midscale and upscale, premium-branded, select-service, extended-stay, and limited-service hotels in the top 100 Metropolitan Statistical Areas (?MSAs?) with a particular focus on the top 20 to 60 MSAs.

Analyst Recommendations for Condor Hospitality Trust (NYSEAMERICAN:CDOR)

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