Shares of Condor Hospitality Trust, Inc. (NYSEAMERICAN:CDOR) have received an average rating of “Hold” from the eight ratings firms that are currently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $11.80.
Several brokerages recently weighed in on CDOR. B. Riley set a $12.00 price objective on Condor Hospitality Trust and gave the stock a “buy” rating in a research report on Friday, February 23rd. Zacks Investment Research downgraded Condor Hospitality Trust from a “hold” rating to a “sell” rating in a research report on Friday, November 10th.
Condor Hospitality Trust (NYSEAMERICAN:CDOR) traded down $0.14 during trading hours on Monday, hitting $10.05. The stock had a trading volume of 681 shares, compared to its average volume of 18,813. The company has a market cap of $121.18, a P/E ratio of 2.94 and a beta of 3.04. The company has a current ratio of 5.04, a quick ratio of 5.04 and a debt-to-equity ratio of 0.74. Condor Hospitality Trust has a 1 year low of $8.13 and a 1 year high of $14.76.
A number of institutional investors have recently bought and sold shares of CDOR. Bank of New York Mellon Corp bought a new position in Condor Hospitality Trust in the fourth quarter valued at about $494,000. Corbyn Investment Management Inc. MD raised its position in Condor Hospitality Trust by 16.0% in the fourth quarter. Corbyn Investment Management Inc. MD now owns 266,298 shares of the financial services provider’s stock valued at $2,650,000 after purchasing an additional 36,635 shares during the last quarter. Renaissance Technologies LLC raised its position in Condor Hospitality Trust by 167.2% in the fourth quarter. Renaissance Technologies LLC now owns 39,791 shares of the financial services provider’s stock valued at $396,000 after purchasing an additional 24,900 shares during the last quarter. Foundry Partners LLC raised its position in Condor Hospitality Trust by 9.3% in the third quarter. Foundry Partners LLC now owns 215,400 shares of the financial services provider’s stock valued at $2,251,000 after purchasing an additional 18,375 shares during the last quarter. Finally, Thomson Horstmann & Bryant Inc. raised its position in Condor Hospitality Trust by 4.6% in the fourth quarter. Thomson Horstmann & Bryant Inc. now owns 410,713 shares of the financial services provider’s stock valued at $4,086,000 after purchasing an additional 17,946 shares during the last quarter. Hedge funds and other institutional investors own 21.20% of the company’s stock.
About Condor Hospitality Trust
Condor Hospitality Trust Inc is an equity real estate investment trust. The firm invests in the real estate markets of the United States. It primarily invests in limited-service hotels. The firm specializes in the select-service segment of the lodging industry. It was formerly known as Supertel Hospitality, Inc Condor Hospitality Trust Inc was launched on August 23, 1994 and is based in Norfolk, Nebraska.
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