Condor Hospitality Trust, Inc. (CDOR) Now Covered by Robert W. Baird
Equities research analysts at Robert W. Baird started coverage on shares of Condor Hospitality Trust, Inc. (NASDAQ:CDOR) in a report issued on Thursday, MarketBeat.com reports. The brokerage set a “neutral” rating and a $11.00 price target on the financial services provider’s stock. Robert W. Baird’s price target would indicate a potential upside of 2.33% from the company’s current price.
A number of other equities analysts have also weighed in on the company. Janney Montgomery Scott initiated coverage on Condor Hospitality Trust in a research note on Tuesday, April 25th. They issued a “buy” rating and a $12.00 price objective for the company. KeyCorp initiated coverage on Condor Hospitality Trust in a research note on Friday, May 19th. They issued a “sector weight” rating for the company. DA Davidson set a $12.00 price objective on Condor Hospitality Trust and gave the stock a “buy” rating in a research note on Wednesday, May 17th. Finally, ValuEngine raised Condor Hospitality Trust from a “sell” rating to a “hold” rating in a research note on Thursday, July 6th. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $11.67.
Shares of Condor Hospitality Trust (NASDAQ:CDOR) traded down 0.84% during mid-day trading on Thursday, reaching $10.66. The company had a trading volume of 520 shares. Condor Hospitality Trust has a one year low of $9.94 and a one year high of $20.41. The firm has a 50 day moving average of $10.33 and a 200-day moving average of $11.87. The stock’s market capitalization is $123.17 million.
Condor Hospitality Trust (NASDAQ:CDOR) last released its quarterly earnings data on Monday, May 15th. The financial services provider reported ($4.75) earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by $5.35. Condor Hospitality Trust had a return on equity of 43.55% and a net margin of 27.30%. Analysts forecast that Condor Hospitality Trust will post $1.89 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 7th. Stockholders of record on Friday, June 30th were paid a $0.195 dividend. This represents a $0.78 dividend on an annualized basis and a dividend yield of 7.26%. The ex-dividend date was Wednesday, June 28th. Condor Hospitality Trust’s dividend payout ratio (DPR) is -8.22%.
An institutional investor recently bought a new position in Condor Hospitality Trust stock. UBS Oconnor LLC bought a new position in Condor Hospitality Trust, Inc. (NASDAQ:CDOR) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 125,000 shares of the financial services provider’s stock, valued at approximately $1,325,000. UBS Oconnor LLC owned approximately 1.08% of Condor Hospitality Trust at the end of the most recent quarter. Institutional investors own 21.20% of the company’s stock.
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