$0.24 EPS Expected for Condor Hospitality Trust, Inc. (CDOR) This Quarter
Analysts expect that Condor Hospitality Trust, Inc. (NASDAQ:CDOR) will report earnings per share of $0.24 for the current quarter, according to Zacks. Three analysts have made estimates for Condor Hospitality Trust’s earnings, with the highest EPS estimate coming in at $0.26 and the lowest estimate coming in at $0.22. Condor Hospitality Trust posted earnings per share of $2.41 in the same quarter last year, which would indicate a negative year-over-year growth rate of 90%. The business is scheduled to announce its next earnings results on Tuesday, November 14th.
On average, analysts expect that Condor Hospitality Trust will report full-year earnings of $0.69 per share for the current year, with EPS estimates ranging from $0.68 to $0.70. For the next financial year, analysts expect that the firm will post earnings of $1.03 per share, with EPS estimates ranging from $0.99 to $1.08. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that follow Condor Hospitality Trust.
Several research analysts have recently commented on the company. Robert W. Baird assumed coverage on Condor Hospitality Trust in a research report on Thursday, July 13th. They set a “neutral” rating and a $11.00 price target for the company. ValuEngine upgraded Condor Hospitality Trust from a “sell” rating to a “hold” rating in a research note on Thursday, July 6th. Zacks Investment Research upgraded Condor Hospitality Trust from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a research note on Thursday, August 10th. DA Davidson set a $12.00 price objective on Condor Hospitality Trust and gave the company a “buy” rating in a research note on Wednesday, May 17th. Finally, KeyCorp began coverage on Condor Hospitality Trust in a research note on Friday, May 19th. They issued a “sector weight” rating on the stock. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $11.75.
Shares of Condor Hospitality Trust (NASDAQ CDOR) traded up 0.10% during midday trading on Friday, reaching $10.42. The company’s stock had a trading volume of 16,255 shares. The company’s market capitalization is $121.18 million. The stock’s 50-day moving average is $10.56 and its 200-day moving average is $11.02. Condor Hospitality Trust has a one year low of $10.00 and a one year high of $20.52.
In related news, CEO J William Blackham III acquired 5,000 shares of Condor Hospitality Trust stock in a transaction dated Friday, August 11th. The shares were acquired at an average cost of $10.49 per share, for a total transaction of $52,450.00. Following the completion of the purchase, the chief executive officer now owns 181,385 shares in the company, valued at $1,902,728.65. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last quarter, insiders bought 9,000 shares of company stock worth $94,050. Insiders own 44.20% of the company’s stock.
A number of institutional investors have recently bought and sold shares of CDOR. Vanguard Group Inc. raised its stake in 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 valued at $140,000 after buying an additional 3,039 shares in the last quarter. Mesirow Financial Investment Management Inc. acquired a new stake in Condor Hospitality Trust in the second quarter valued at $315,000. RMR Advisors LLC raised its stake in 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 valued at $736,000 after buying an additional 10,400 shares in the last quarter. Dubuque Bank & Trust Co. acquired a new stake in Condor Hospitality Trust in the second quarter valued at $887,000. Finally, UBS Oconnor LLC acquired a new stake in Condor Hospitality Trust in the first quarter valued at $1,325,000. Institutional investors own 21.20% of the company’s stock.
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About Condor Hospitality Trust
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