Condor Hospitality Trust, Inc. (CDOR) Upgraded by Zacks Investment Research to “Buy”
Condor Hospitality Trust, Inc. (NASDAQ:CDOR) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Tuesday. The firm presently has a $11.00 price objective on the financial services provider’s stock. Zacks Investment Research‘s target price would suggest a potential upside of 7.74% from the company’s current price.
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. “
Other equities analysts also recently issued research reports about the company. Robert W. Baird began coverage on Condor Hospitality Trust in a report on Thursday, July 13th. They set a “neutral” rating and a $11.00 price target on the stock. ValuEngine downgraded Condor Hospitality Trust from a “hold” rating to a “sell” rating in a report on Monday, July 17th. Finally, FBR & Co began coverage on Condor Hospitality Trust in a report on Wednesday, September 13th. They set a “buy” rating and a $12.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the stock. Condor Hospitality Trust presently has a consensus rating of “Buy” and a consensus price target of $11.60.
Condor Hospitality Trust (NASDAQ:CDOR) traded up 2.10% on Tuesday, hitting $10.21. 6,011 shares of the stock were exchanged. The company’s 50 day moving average price is $10.39 and its 200-day moving average price is $10.49. The company’s market cap is $118.74 million. Condor Hospitality Trust has a one year low of $8.13 and a one year high of $15.56.
In other Condor Hospitality Trust news, CEO J William Blackham III acquired 5,000 shares of Condor Hospitality Trust stock in a transaction dated Friday, August 11th. The stock was bought at an average cost of $10.49 per share, with a total value of $52,450.00. Following the completion of the transaction, the chief executive officer now owns 181,385 shares of the company’s stock, valued at $1,902,728.65. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 44.20% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. boosted its position 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 valued at $140,000 after acquiring an additional 3,039 shares during the period. Mesirow Financial Investment Management Inc. bought a new stake in shares of Condor Hospitality Trust in the second quarter valued at approximately $315,000. RMR Advisors LLC boosted its position 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 valued at $736,000 after acquiring an additional 10,400 shares during the period. Dubuque Bank & Trust Co. bought a new stake in shares of Condor Hospitality Trust in the second quarter valued at approximately $887,000. Finally, UBS Oconnor LLC bought a new stake in shares of Condor Hospitality Trust in the first quarter valued at approximately $1,325,000. 21.20% of the stock is owned by institutional investors.
About Condor Hospitality Trust
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