Condor Hospitality Trust, Inc. (NYSEAMERICAN:CDOR) – Analysts at DA Davidson upped their Q1 2018 EPS estimates for Condor Hospitality Trust in a research report issued to clients and investors on Tuesday. DA Davidson analyst J. Lykins now anticipates that the financial services provider will post earnings per share of $0.21 for the quarter, up from their prior forecast of $0.19. DA Davidson also issued estimates for Condor Hospitality Trust’s Q2 2018 earnings at $0.30 EPS.
Other analysts have also recently issued reports about the company. B. Riley set a $12.00 price objective on Condor Hospitality Trust and gave the stock a “buy” rating in a report on Tuesday, January 16th. Robert W. Baird set a $11.00 price objective on Condor Hospitality Trust and gave the stock a “hold” rating in a report on Sunday, October 29th. Finally, Zacks Investment Research cut Condor Hospitality Trust from a “buy” rating to a “hold” rating in a report on Wednesday, October 18th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company’s stock. Condor Hospitality Trust currently has an average rating of “Hold” and a consensus target price of $11.67.
Condor Hospitality Trust (NYSEAMERICAN:CDOR) last issued its quarterly earnings data on Monday, November 6th. The financial services provider reported ($0.11) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by ($0.35). Condor Hospitality Trust had a return on equity of 43.55% and a net margin of 27.30%.
The business also recently declared a quarterly dividend, which was paid on Wednesday, January 10th. Investors of record on Tuesday, January 2nd were issued a dividend of $0.195 per share. The ex-dividend date of this dividend was Friday, December 29th. This represents a $0.78 annualized dividend and a yield of 7.66%. Condor Hospitality Trust’s payout ratio is presently 22.48%.
In related news, CEO J William Blackham III purchased 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 27th. The shares were bought at an average price of $9.98 per share, for a total transaction of $39,920.00. Following the acquisition, the chief executive officer now owns 185,385 shares of the company’s stock, valued at approximately $1,850,142.30. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders have purchased a total of 6,625 shares of company stock worth $66,301 in the last 90 days. 44.20% of the stock is currently owned by insiders.
A number of institutional investors have recently made changes to their positions in CDOR. Vanguard Group Inc. grew its position in Condor Hospitality Trust by 30.2% in the 2nd quarter. Vanguard Group Inc. now owns 13,092 shares of the financial services provider’s stock valued at $140,000 after acquiring an additional 3,039 shares during the last quarter. Janus Henderson Group PLC bought a new position in Condor Hospitality Trust in the 2nd quarter valued at $1,840,000. Mesirow Financial Investment Management Inc. bought a new position in Condor Hospitality Trust in the 2nd quarter valued at $315,000. Northpointe Capital LLC grew its position in Condor Hospitality Trust by 5.2% in the 3rd quarter. Northpointe Capital LLC now owns 387,039 shares of the financial services provider’s stock valued at $4,045,000 after acquiring an additional 19,050 shares during the last quarter. Finally, Foundry Partners LLC grew its position in Condor Hospitality Trust by 9.3% in the 3rd quarter. Foundry Partners LLC now owns 215,400 shares of the financial services provider’s stock valued at $2,251,000 after acquiring an additional 18,375 shares during the last quarter. 21.20% of the stock is currently owned by institutional investors.
Condor Hospitality Trust Company Profile
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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