Condor Hospitality Trust, Inc. (CDOR) to Issue Quarterly Dividend of $0.20

Condor Hospitality Trust, Inc. (NYSEAMERICAN:CDOR) declared a quarterly dividend on Thursday, March 22nd, Fidelity reports. Shareholders of record on Monday, April 2nd will be given a dividend of 0.195 per share by the financial services provider on Monday, April 9th. This represents a $0.78 annualized dividend and a yield of 7.59%. The ex-dividend date is Thursday, March 29th.

CDOR stock opened at $10.28 on Friday. 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 stock has a market cap of $121.41, a P/E 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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CDOR has been the topic of several recent research reports. B. Riley set a $12.00 price target on shares of Condor Hospitality Trust and gave the stock a “buy” rating in a research report on Friday, February 23rd. Zacks Investment Research upgraded shares of Condor Hospitality Trust from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a research report on Friday. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company’s stock. Condor Hospitality Trust has a consensus rating of “Buy” and a consensus price target of $11.83.

In other news, CEO J William Blackham III acquired 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 27th. The stock was purchased at an average price of $9.98 per share, with a total value of $39,920.00. Following the purchase, the chief executive officer now owns 185,385 shares of the company’s stock, valued at approximately $1,850,142.30. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 44.20% of the company’s stock.

An institutional investor recently raised its position in Condor Hospitality Trust stock. Vanguard Group Inc. increased its position in Condor Hospitality Trust, Inc. (NYSEAMERICAN:CDOR) by 30.2% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 13,092 shares of the financial services provider’s stock after purchasing an additional 3,039 shares during the period. Vanguard Group Inc. owned about 0.11% of Condor Hospitality Trust worth $140,000 at the end of the most recent reporting period. 21.20% of the stock is owned by institutional investors and hedge funds.

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Condor Hospitality Trust Company Profile

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.

Dividend History for Condor Hospitality Trust (NYSEAMERICAN:CDOR)

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