Condor Hospitality Trust, Inc. (CDOR) Given Average Recommendation of “Hold” by Brokerages

Shares of Condor Hospitality Trust, Inc. (NASDAQ:CDOR) have been assigned a consensus rating of “Hold” from the six brokerages that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $11.75.

CDOR has been the topic of a number of research analyst reports. Robert W. Baird began 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. 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 report on Thursday. ValuEngine downgraded Condor Hospitality Trust from a “hold” rating to a “sell” rating in a research report on Monday, July 17th. DA Davidson set a $12.00 price objective on Condor Hospitality Trust and gave the stock a “buy” rating in a research report on Wednesday, May 17th. Finally, Janney Montgomery Scott began coverage on Condor Hospitality Trust in a research report on Tuesday, April 25th. They set a “buy” rating and a $12.00 price objective on the stock.

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Condor Hospitality Trust (CDOR) traded up 0.86% during midday trading on Thursday, hitting $10.57. The company’s stock had a trading volume of 12,895 shares. The company’s market cap is $122.93 million. Condor Hospitality Trust has a one year low of $10.00 and a one year high of $20.52. The company’s 50-day moving average is $10.67 and its 200 day moving average is $11.40.

Condor Hospitality Trust (NASDAQ:CDOR) last issued its quarterly earnings data on Monday, May 15th. The financial services provider reported ($4.75) EPS for the quarter, missing the consensus estimate of $0.60 by $5.35. Condor Hospitality Trust had a net margin of 27.30% and a return on equity of 43.55%. On average, analysts predict that Condor Hospitality Trust will post $1.89 EPS for the current year.

Large investors have recently bought and sold shares of the stock. UBS Oconnor LLC bought a new position in Condor Hospitality Trust during the first quarter valued at approximately $1,325,000. Dubuque Bank & Trust Co. acquired a new position in Condor Hospitality Trust during the second quarter valued at about $887,000. Thomson Horstmann & Bryant Inc. boosted its position in 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 valued at $4,956,000 after buying an additional 113,239 shares in the last quarter. RMR Advisors LLC boosted its position 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. Finally, Corbyn Investment Management Inc. MD boosted its position in Condor Hospitality Trust by 39.7% in the second quarter. Corbyn Investment Management Inc. MD now owns 230,453 shares of the financial services provider’s stock valued at $2,466,000 after buying an additional 65,453 shares in the last quarter. Hedge funds and other institutional investors own 21.20% of the company’s stock.

About Condor Hospitality Trust

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