Condor Hospitality Trust Inc (NYSEAMERICAN:CDOR) declared a quarterly dividend on Tuesday, June 11th, Wall Street Journal reports. Shareholders of record on Monday, June 24th will be given a dividend of 0.195 per share by the financial services provider on Monday, July 1st. This represents a $0.78 dividend on an annualized basis and a yield of 8.01%. The ex-dividend date is Friday, June 21st.

Condor Hospitality Trust has a payout ratio of 71.6% indicating that its dividend is sufficiently covered by earnings.

CDOR stock traded up $0.06 during mid-day trading on Wednesday, reaching $9.74. The company had a trading volume of 94 shares, compared to its average volume of 11,296. Condor Hospitality Trust has a 52 week low of $6.10 and a 52 week high of $11.32.

Condor Hospitality Trust (NYSEAMERICAN:CDOR) last released its quarterly earnings results on Monday, March 11th. The financial services provider reported ($0.10) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.09) by ($0.01). The company had revenue of $15.08 million during the quarter, compared to analyst estimates of $16.38 million.

Several equities analysts have recently issued reports on CDOR shares. Zacks Investment Research lowered Condor Hospitality Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, April 17th. DA Davidson reiterated a “buy” rating on shares of Condor Hospitality Trust in a research report on Tuesday, March 12th. Finally, B. Riley set a $11.00 price target on Condor Hospitality Trust and gave the company a “buy” rating in a research report on Tuesday, March 26th.

An institutional investor recently raised its position in Condor Hospitality Trust stock. Dimensional Fund Advisors LP increased its position in shares of Condor Hospitality Trust Inc (NYSEAMERICAN:CDOR) by 23.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 16,808 shares of the financial services provider’s stock after buying an additional 3,140 shares during the quarter. Dimensional Fund Advisors LP owned about 0.14% of Condor Hospitality Trust worth $116,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 21.20% of the company’s stock.

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Condor Hospitality Trust Company Profile

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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Dividend History for Condor Hospitality Trust (NYSEAMERICAN:CDOR)

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