B. Riley Reaffirms “Buy” Rating for Condor Hospitality Trust (CDOR)

B. Riley reiterated their buy rating on shares of Condor Hospitality Trust (NYSEAMERICAN:CDOR) in a research note issued to investors on Tuesday.

Condor Hospitality Trust (NYSEAMERICAN:CDOR) opened at $10.28 on Tuesday. The company has a debt-to-equity ratio of 0.74, a current ratio of 5.04 and a quick ratio of 5.04. The company has a market capitalization of $121.41, a price-to-earnings ratio of 2.96 and a beta of 2.89. Condor Hospitality Trust has a 12 month low of $8.13 and a 12 month high of $11.25.

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The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 9th. Shareholders of record on Monday, April 2nd will be paid a dividend of $0.195 per share. The ex-dividend date is Thursday, March 29th. This represents a $0.78 annualized dividend and a yield of 7.59%. Condor Hospitality Trust’s dividend payout ratio is currently 22.48%.

In related news, CEO J William Blackham III acquired 4,000 shares of the company’s stock in a transaction on Wednesday, December 27th. The stock was purchased at an average cost of $9.98 per share, for a total transaction of $39,920.00. Following the completion of the purchase, the chief executive officer now directly owns 185,385 shares of the company’s stock, valued at approximately $1,850,142.30. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 44.20% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. Deutsche Bank AG grew its holdings in shares of Condor Hospitality Trust by 120.4% during the fourth quarter. Deutsche Bank AG now owns 25,786 shares of the financial services provider’s stock worth $256,000 after purchasing an additional 14,085 shares during the last quarter. Renaissance Technologies LLC grew its holdings in shares of Condor Hospitality Trust by 167.2% during the fourth quarter. Renaissance Technologies LLC now owns 39,791 shares of the financial services provider’s stock worth $396,000 after purchasing an additional 24,900 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in shares of Condor Hospitality Trust during the fourth quarter worth $494,000. Corbyn Investment Management Inc. MD grew its holdings in shares of Condor Hospitality Trust by 16.0% during the fourth quarter. Corbyn Investment Management Inc. MD now owns 266,298 shares of the financial services provider’s stock worth $2,650,000 after purchasing an additional 36,635 shares during the last quarter. Finally, Thomson Horstmann & Bryant Inc. grew its holdings in shares of Condor Hospitality Trust by 4.6% during the fourth quarter. Thomson Horstmann & Bryant Inc. now owns 410,713 shares of the financial services provider’s stock worth $4,086,000 after purchasing an additional 17,946 shares during the last quarter. Institutional investors own 21.20% of the company’s stock.

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About Condor Hospitality Trust

Condor Hospitality Trust, Inc (NYSE American: CDOR) is a self-administered real estate investment trust that specializes in the investment and ownership of upper midscale and upscale, premium-branded, select-service, extended-stay, and limited-service hotels in the top 100 Metropolitan Statistical Areas (?MSAs?) with a particular focus on the top 20 to 60 MSAs.

Analyst Recommendations for Condor Hospitality Trust (NYSEAMERICAN:CDOR)

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