Condor Hospitality Trust, Inc. (CDOR) Upgraded at Zacks Investment Research

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 Thursday. The brokerage currently has a $12.00 price target on the financial services provider’s stock. Zacks Investment Research‘s price target points to a potential upside of 13.53% from the stock’s previous close.

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. “

A number of other equities analysts have also recently commented on CDOR. Janney Montgomery Scott initiated coverage on Condor Hospitality Trust in a research note on Tuesday, April 25th. They issued a “buy” rating and a $12.00 price target on the stock. DA Davidson set a $12.00 price target on Condor Hospitality Trust and gave the stock a “buy” rating in a research note on Wednesday, May 17th. KeyCorp initiated coverage on Condor Hospitality Trust in a research note on Friday, May 19th. They issued a “sector weight” rating on the stock. ValuEngine raised Condor Hospitality Trust from a “sell” rating to a “hold” rating in a research note on Thursday, July 6th. Finally, Robert W. Baird initiated coverage on Condor Hospitality Trust in a research note on Thursday, July 13th. They issued a “neutral” rating and a $11.00 price target on the stock. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. Condor Hospitality Trust presently has an average rating of “Hold” and an average price target of $11.75.

Condor Hospitality Trust (CDOR) traded up 0.86% during trading on Thursday, hitting $10.57. 12,895 shares of the company traded hands. Condor Hospitality Trust has a 12-month low of $10.00 and a 12-month high of $20.52. The stock has a 50-day moving average price of $10.67 and a 200-day moving average price of $11.40. The firm’s market capitalization is $122.93 million.

Condor Hospitality Trust (NASDAQ:CDOR) last announced its quarterly earnings results on Monday, May 15th. The financial services provider reported ($4.75) EPS for the quarter, missing the Zacks’ 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%. Equities analysts expect that Condor Hospitality Trust will post $1.89 EPS for the current fiscal year.

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Several large investors have recently modified their holdings of CDOR. Dubuque Bank & Trust Co. acquired a new stake in shares of Condor Hospitality Trust during the second quarter worth $887,000. UBS Oconnor LLC acquired a new stake in shares of Condor Hospitality Trust during the first quarter worth $1,325,000. Thomson Horstmann & Bryant Inc. raised its stake in shares of Condor Hospitality Trust by 32.4% in the second quarter. Thomson Horstmann & Bryant Inc. now owns 463,239 shares of the financial services provider’s stock worth $4,956,000 after buying an additional 113,239 shares in the last quarter. RMR Advisors LLC raised its stake 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 worth $736,000 after buying an additional 10,400 shares in the last quarter. Finally, Uniplan Investment Counsel Inc. acquired a new stake in shares of Condor Hospitality Trust during the second quarter worth $5,192,000. Hedge funds and other institutional investors own 21.20% of the company’s stock.

About Condor Hospitality Trust

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