Condor Hospitality Trust (CDOR) Stock Rating Upgraded by Zacks Investment Research

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Condor Hospitality Trust (NYSEAMERICAN:CDOR) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a report issued on Monday. The brokerage currently has a $12.00 price objective on the financial services provider’s stock. Zacks Investment Research‘s target price would indicate a potential upside of 12.36% from the company’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. “

Separately, B. Riley reaffirmed a “buy” rating on shares of Condor Hospitality Trust in a report on Tuesday, March 20th.

Shares of Condor Hospitality Trust opened at $10.68 on Monday, according to MarketBeat Ratings. The company has a debt-to-equity ratio of 0.74, a current ratio of 5.04 and a quick ratio of 5.04. Condor Hospitality Trust has a one year low of $8.13 and a one year high of $11.19.

Condor Hospitality Trust (NYSEAMERICAN:CDOR) last issued its quarterly earnings results on Wednesday, May 9th. The financial services provider reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.06). The business had revenue of $16.68 million for the quarter, compared to analyst estimates of $16.95 million. Condor Hospitality Trust had a net margin of 27.30% and a return on equity of 43.55%.

A number of large investors have recently added to or reduced their stakes in CDOR. Corbyn Investment Management Inc. MD boosted its position in shares of Condor Hospitality Trust by 3.0% in the 1st quarter. Corbyn Investment Management Inc. MD now owns 274,176 shares of the financial services provider’s stock valued at $2,742,000 after purchasing an additional 7,878 shares during the period. Dubuque Bank & Trust Co. boosted its position in shares of Condor Hospitality Trust by 15.6% in the 1st quarter. Dubuque Bank & Trust Co. now owns 100,614 shares of the financial services provider’s stock valued at $1,006,000 after purchasing an additional 13,608 shares during the period. Deutsche Bank AG boosted its position in shares of Condor Hospitality Trust by 120.4% in the 4th quarter. Deutsche Bank AG now owns 25,786 shares of the financial services provider’s stock valued at $256,000 after purchasing an additional 14,085 shares during the period. Renaissance Technologies LLC boosted its position in shares of Condor Hospitality Trust by 167.2% in the 4th 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 period. Finally, Highland Capital Management LP acquired a new position in shares of Condor Hospitality Trust in the 1st quarter valued at $252,000. 21.20% of the stock is currently owned by hedge funds and other institutional investors.

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.

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