Condor Hospitality Trust (NYSEAMERICAN:CDOR) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Friday. The brokerage currently has a $12.00 price target on the financial services provider’s stock. Zacks Investment Research‘s target price would indicate a potential upside of 16.73% 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 set a $12.00 target price on shares of Condor Hospitality Trust and gave the company a “buy” rating in a report on Tuesday, January 16th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the stock. Condor Hospitality Trust currently has a consensus rating of “Buy” and a consensus target price of $11.83.
Shares of Condor Hospitality Trust (CDOR) traded down $0.08 during mid-day trading on Friday, hitting $10.28. 8,590 shares of the stock traded hands, compared to its average volume of 16,182. The stock has a market capitalization of $121.41, a P/E ratio of 2.96 and a beta of 2.89. The company has a debt-to-equity ratio of 0.74, a quick ratio of 5.04 and a current ratio of 5.04. Condor Hospitality Trust has a 52 week low of $8.13 and a 52 week high of $11.25.
In related 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 acquired at an average price of $9.98 per share, for a total transaction of $39,920.00. Following the completion of the acquisition, the chief executive officer now owns 185,385 shares of the company’s stock, valued at approximately $1,850,142.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 44.20% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of CDOR. Vanguard Group Inc. increased its stake in shares of Condor Hospitality Trust by 30.2% in the second quarter. Vanguard Group Inc. now owns 13,092 shares of the financial services provider’s stock worth $140,000 after purchasing an additional 3,039 shares in the last quarter. Janus Henderson Group PLC increased its stake in shares of Condor Hospitality Trust by 4.5% in the third quarter. Janus Henderson Group PLC now owns 179,336 shares of the financial services provider’s stock worth $1,874,000 after purchasing an additional 7,700 shares in the last quarter. Thomson Horstmann & Bryant Inc. increased its stake in shares of Condor Hospitality Trust by 4.6% in 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 in the last quarter. Corbyn Investment Management Inc. MD increased its stake in shares of Condor Hospitality Trust by 16.0% in 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 in the last quarter. Finally, Bank of New York Mellon Corp purchased a new position in shares of Condor Hospitality Trust in the fourth quarter worth about $494,000. Institutional investors and hedge funds 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.
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