Zacks Investment Research downgraded shares of Condor Hospitality Trust, Inc. (NASDAQ:CDOR) from a hold rating to a sell rating in a research note issued to investors on Friday morning.

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. “

Other research analysts have also recently issued research reports about the company. FBR & Co initiated coverage on Condor Hospitality Trust in a research note on Wednesday, September 13th. They set a buy rating and a $12.00 price objective for the company. Robert W. Baird set a $11.00 price objective on Condor Hospitality Trust and gave the company a hold rating in a research note on Sunday, October 29th. Finally, ValuEngine cut Condor Hospitality Trust from a hold rating to a sell rating in a research note on Monday, July 17th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus price target of $11.60.

Shares of Condor Hospitality Trust (NASDAQ CDOR) traded down $0.06 during mid-day trading on Friday, hitting $10.15. 3,542 shares of the company were exchanged, compared to its average volume of 9,880. Condor Hospitality Trust has a 12-month low of $8.13 and a 12-month high of $15.47. The company has a debt-to-equity ratio of 0.74, a current ratio of 5.04 and a quick ratio of 5.04.

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Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. raised 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 during the last quarter. Mesirow Financial Investment Management Inc. purchased a new position in shares of Condor Hospitality Trust in the second quarter worth $315,000. RMR Advisors LLC raised its stake in shares of Condor Hospitality Trust by 17.9% in the second quarter. RMR Advisors LLC now owns 68,655 shares of the financial services provider’s stock worth $736,000 after purchasing an additional 10,400 shares during the last quarter. Dubuque Bank & Trust Co. purchased a new position in shares of Condor Hospitality Trust in the second quarter worth $887,000. Finally, Bard Associates Inc. raised its stake in shares of Condor Hospitality Trust by 0.6% in the second quarter. Bard Associates Inc. now owns 163,650 shares of the financial services provider’s stock worth $1,751,000 after purchasing an additional 900 shares during the last quarter. Hedge funds and other institutional investors own 21.20% of the company’s stock.

Condor Hospitality Trust Company Profile

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