Crow Point Partners LLC maintained its position in Condor Hospitality Trust, Inc. (NASDAQ:CDOR) during the second quarter, Holdings Channel reports. The firm owned 475,000 shares of the financial services provider’s stock at the end of the second quarter. Condor Hospitality Trust accounts for approximately 0.8% of Crow Point Partners LLC’s holdings, making the stock its 29th largest position. Crow Point Partners LLC owned approximately 4.11% of Condor Hospitality Trust worth $5,011,000 as of its most recent SEC filing.
Separately, UBS Oconnor LLC bought a new stake in Condor Hospitality Trust during the first quarter valued at $1,325,000. Hedge funds and other institutional investors own 21.20% of the company’s stock.
Shares of Condor Hospitality Trust, Inc. (NASDAQ CDOR) traded down 1.21% during midday trading on Monday, reaching $10.62. 11,471 shares of the company’s stock were exchanged. Condor Hospitality Trust, Inc. has a 1-year low of $9.94 and a 1-year high of $20.41. The company’s market capitalization is $122.70 million. The firm has a 50-day moving average of $10.33 and a 200-day moving average of $11.87.
Condor Hospitality Trust (NASDAQ:CDOR) last announced its quarterly earnings data on Monday, May 15th. The financial services provider reported ($4.75) EPS for the quarter, missing the Zacks’ consensus estimate of $0.60 by $5.35. Condor Hospitality Trust had a return on equity of 43.55% and a net margin of 27.30%. Equities analysts expect that Condor Hospitality Trust, Inc. will post $1.89 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, July 7th. Investors of record on Friday, June 30th were given a $0.195 dividend. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $0.78 dividend on an annualized basis and a yield of 7.34%. Condor Hospitality Trust’s payout ratio is -8.22%.
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Several equities research analysts recently weighed in on CDOR shares. Janney Montgomery Scott started coverage on shares of Condor Hospitality Trust in a report on Tuesday, April 25th. They issued a “buy” rating and a $12.00 price objective for the company. KeyCorp started coverage on shares of Condor Hospitality Trust in a report on Friday, May 19th. They issued a “sector weight” rating for the company. DA Davidson set a $12.00 price objective on shares of Condor Hospitality Trust and gave the stock a “buy” rating in a report on Wednesday, May 17th. ValuEngine raised shares of Condor Hospitality Trust from a “sell” rating to a “hold” rating in a report on Thursday, July 6th. Finally, Robert W. Baird started coverage on shares of Condor Hospitality Trust in a report on Thursday. They issued a “neutral” rating and a $11.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Condor Hospitality Trust presently has an average rating of “Buy” and an average target price of $11.67.
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