Brokerages Anticipate Condor Hospitality Trust, Inc. (CDOR) to Announce $0.06 Earnings Per Share
Equities research analysts predict that Condor Hospitality Trust, Inc. (NASDAQ:CDOR) will announce $0.06 earnings per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Condor Hospitality Trust’s earnings. Condor Hospitality Trust posted earnings of ($24.10) per share in the same quarter last year, which indicates a positive year over year growth rate of 100.2%. The business is scheduled to issue its next quarterly earnings report on Tuesday, June 20th.
On average, analysts expect that Condor Hospitality Trust will report full year earnings of $0.64 per share for the current financial year. For the next financial year, analysts expect that the business will post earnings of $1.04 per share, with EPS estimates ranging from $0.98 to $1.10. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover Condor Hospitality Trust.
Condor Hospitality Trust (NASDAQ:CDOR) last released its quarterly earnings results on Monday, May 15th. The financial services provider reported ($4.75) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by $5.35. Condor Hospitality Trust had a return on equity of 43.55% and a net margin of 27.30%.
CDOR has been the subject of a number of analyst reports. DA Davidson restated a “buy” rating and issued a $12.00 price objective on shares of Condor Hospitality Trust in a research note on Friday, March 31st. Janney Montgomery Scott started coverage on shares of Condor Hospitality Trust in a research note on Tuesday, April 25th. They set a “buy” rating and a $12.00 target price for the company. Finally, KeyCorp started coverage on shares of Condor Hospitality Trust in a research note on Friday, May 19th. They set a “sector weight” rating for the company.
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Condor Hospitality Trust (NASDAQ:CDOR) traded down 0.75% during midday trading on Friday, reaching $10.55. 13,781 shares of the company traded hands. The stock’s market capitalization is $121.89 million. Condor Hospitality Trust has a 12 month low of $9.81 and a 12 month high of $20.41. The firm has a 50 day moving average of $10.33 and a 200-day moving average of $11.95.
The business also recently announced a quarterly dividend, which will be paid on Friday, July 7th. Investors of record on Friday, June 30th will be paid a dividend of $0.195 per share. This represents a $0.78 annualized dividend and a yield of 7.34%. The ex-dividend date is Wednesday, June 28th. Condor Hospitality Trust’s payout ratio is currently -8.22%.
In related news, CEO J William Blackham III bought 71,428 shares of the business’s stock in a transaction that occurred on Wednesday, March 29th. The stock was purchased at an average cost of $10.50 per share, for a total transaction of $749,994.00. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Over the last quarter, insiders have purchased 80,017 shares of company stock valued at $838,441. Corporate insiders own 44.20% of the company’s stock.
A hedge fund recently bought a new stake in Condor Hospitality Trust stock. UBS Oconnor LLC bought a new stake in shares of Condor Hospitality Trust, Inc. (NASDAQ:CDOR) during the first quarter, according to its most recent filing with the SEC. The firm bought 125,000 shares of the financial services provider’s stock, valued at approximately $1,325,000. UBS Oconnor LLC owned approximately 1.08% of Condor Hospitality Trust at the end of the most recent quarter. 21.20% of the stock is owned by institutional investors.
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