Condor Hospitality Trust (CDOR) Receiving Somewhat Favorable Media Coverage, Analysis Finds

Press coverage about Condor Hospitality Trust (NASDAQ:CDOR) has trended somewhat positive on Saturday, according to Accern Sentiment Analysis. The research firm scores the sentiment of news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Condor Hospitality Trust earned a media sentiment score of 0.08 on Accern’s scale. Accern also gave media stories about the financial services provider an impact score of 47.0923995190156 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

Shares of Condor Hospitality Trust (NASDAQ:CDOR) traded up 5.80% during midday trading on Friday, reaching $10.39. The company’s stock had a trading volume of 3,301 shares. The stock has a 50-day moving average price of $10.29 and a 200 day moving average price of $10.46. Condor Hospitality Trust has a 52 week low of $8.13 and a 52 week high of $15.56. The stock’s market capitalization is $120.84 million.

The firm also recently announced a quarterly dividend, which was paid on Monday, October 9th. Stockholders of record on Monday, October 2nd were issued a dividend of $0.195 per share. The ex-dividend date of this dividend was Friday, September 29th. This represents a $0.78 annualized dividend and a dividend yield of 7.51%. Condor Hospitality Trust’s dividend payout ratio is presently -8.22%.

Several equities analysts recently weighed in on CDOR shares. Zacks Investment Research downgraded Condor Hospitality Trust from a “buy” rating to a “hold” rating in a research report on Monday, August 14th. ValuEngine upgraded Condor Hospitality Trust from a “sell” rating to a “hold” rating in a research report on Thursday, July 6th. FBR & Co started coverage on Condor Hospitality Trust in a research report on Wednesday, September 13th. They set a “buy” rating and a $12.00 target price on the stock. Finally, Robert W. Baird started coverage on Condor Hospitality Trust in a research report on Thursday, July 13th. They set a “neutral” rating and a $11.00 target price on the stock. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. Condor Hospitality Trust has an average rating of “Hold” and a consensus target price of $11.60.

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In other news, CEO J William Blackham III acquired 5,000 shares of the firm’s stock in a transaction that occurred on Friday, August 11th. The shares were acquired at an average cost of $10.49 per share, with a total value of $52,450.00. Following the completion of the purchase, the chief executive officer now directly owns 181,385 shares of the company’s stock, valued at approximately $1,902,728.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 44.20% of the company’s stock.

Condor Hospitality Trust Company Profile

Insider Buying and Selling by Quarter for Condor Hospitality Trust (NASDAQ:CDOR)

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