Condor Hospitality Trust, Inc. (NYSEAMERICAN:CDOR) – Stock analysts at KeyCorp reduced their FY2017 earnings per share (EPS) estimates for shares of Condor Hospitality Trust in a report issued on Wednesday. KeyCorp analyst A. Wurschmidt now forecasts that the financial services provider will earn $0.59 per share for the year, down from their prior forecast of $0.70.

Other equities analysts also recently issued reports about the company. Zacks Investment Research upgraded Condor Hospitality Trust from a “hold” rating to a “buy” rating and set a $11.00 target price for the company in a research report on Tuesday, October 10th. FBR & Co initiated coverage on Condor Hospitality Trust in a research report on Wednesday, September 13th. They issued a “buy” rating and a $12.00 target price for the company. Finally, Robert W. Baird set a $11.00 target price on Condor Hospitality Trust and gave the company a “hold” rating in a research report on Sunday, October 29th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $11.60.

Condor Hospitality Trust (NYSEAMERICAN CDOR) opened at $9.98 on Monday. The company has a debt-to-equity ratio of 0.74, a current ratio of 5.04 and a quick ratio of 5.04. The company has a market capitalization of $117.61, a PE ratio of 2.88 and a beta of 3.19. Condor Hospitality Trust has a 1 year low of $8.13 and a 1 year high of $15.47.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 10th. Investors of record on Tuesday, January 2nd will be paid a dividend of $0.195 per share. The ex-dividend date is Friday, December 29th. This represents a $0.78 annualized dividend and a yield of 7.82%. Condor Hospitality Trust’s dividend payout ratio is currently 22.48%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Uniplan Investment Counsel Inc. bought a new position in Condor Hospitality Trust in the second quarter worth approximately $5,192,000. Janus Henderson Group PLC bought a new position in shares of Condor Hospitality Trust in the second quarter valued at approximately $1,840,000. Mesirow Financial Investment Management Inc. bought a new position in shares of Condor Hospitality Trust in the second quarter valued at approximately $315,000. Northpointe Capital LLC lifted its holdings in shares of Condor Hospitality Trust by 5.2% in the third quarter. Northpointe Capital LLC now owns 387,039 shares of the financial services provider’s stock valued at $4,045,000 after purchasing an additional 19,050 shares in the last quarter. Finally, Foundry Partners LLC lifted its holdings in shares of Condor Hospitality Trust by 9.3% in the third quarter. Foundry Partners LLC now owns 215,400 shares of the financial services provider’s stock valued at $2,251,000 after purchasing an additional 18,375 shares in the last quarter. 21.20% of the stock is owned by institutional investors and hedge funds.

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Condor Hospitality Trust Company Profile

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