Condor Hospitality Trust, Inc. (NASDAQ:CDOR) has been given a consensus recommendation of “Hold” by the seven brokerages that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is $11.75.

A number of equities analysts have commented on the stock. Robert W. Baird assumed coverage on shares of Condor Hospitality Trust in a report on Thursday, July 13th. They issued a “neutral” rating and a $11.00 price objective for the company. ValuEngine raised shares of Condor Hospitality Trust from a “sell” rating to a “hold” rating in a report on Thursday, July 6th. Zacks Investment Research raised shares of Condor Hospitality Trust from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a report on Thursday, August 10th. Finally, FBR & Co assumed coverage on shares of Condor Hospitality Trust in a report on Wednesday, September 13th. They issued a “buy” rating and a $12.00 price objective for the company.

Condor Hospitality Trust (NASDAQ:CDOR) opened at 10.3447 on Tuesday. The firm’s market cap is $120.31 million. The stock has a 50 day moving average of $10.31 and a 200 day moving average of $10.47. Condor Hospitality Trust has a one year low of $8.13 and a one year high of $15.47.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 9th. Shareholders of record on Monday, October 2nd were issued a $0.195 dividend. This represents a $0.78 dividend on an annualized basis and a yield of 7.54%. The ex-dividend date of this dividend was Friday, September 29th. Condor Hospitality Trust’s dividend payout ratio is presently -8.22%.

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In other news, CEO J William Blackham III purchased 5,000 shares of Condor Hospitality Trust stock in a transaction dated Friday, August 11th. The stock was bought at an average price of $10.49 per share, with a total value of $52,450.00. Following the completion of the acquisition, the chief executive officer now owns 181,385 shares in the company, valued at approximately $1,902,728.65. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 44.20% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Northpointe Capital LLC boosted its holdings in shares of Condor Hospitality Trust by 5.2% during the third quarter. Northpointe Capital LLC now owns 387,039 shares of the financial services provider’s stock valued at $4,045,000 after acquiring an additional 19,050 shares during the period. Mesirow Financial Investment Management Inc. acquired a new position in shares of Condor Hospitality Trust during the second quarter valued at $315,000. Janus Henderson Group PLC acquired a new position in shares of Condor Hospitality Trust during the second quarter valued at $1,840,000. Vanguard Group Inc. boosted its holdings 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 acquiring an additional 3,039 shares during the period. Finally, Uniplan Investment Counsel Inc. acquired a new position in shares of Condor Hospitality Trust during the second quarter valued at $5,192,000. 21.20% of the stock is owned by institutional investors.

Condor Hospitality Trust Company Profile

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