Condor Hospitality Trust, Inc. (NASDAQ:CDOR) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Tuesday. The brokerage presently has a $11.00 price objective on the financial services provider’s stock. Zacks Investment Research‘s price target indicates a potential upside of 7.74% from the company’s previous close.
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. “
Several other brokerages have also recently commented on CDOR. Robert W. Baird started coverage on shares of Condor Hospitality Trust in a report on Thursday, July 13th. They set a “neutral” rating and a $11.00 target price for the company. ValuEngine cut shares of Condor Hospitality Trust from a “hold” rating to a “sell” rating in a report on Monday, July 17th. Finally, FBR & Co started coverage on shares of Condor Hospitality Trust in a report on Wednesday, September 13th. They set a “buy” rating and a $12.00 target price for the company. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $11.60.
Condor Hospitality Trust (NASDAQ:CDOR) traded up 2.10% on Tuesday, hitting $10.21. 6,011 shares of the stock were exchanged. The company has a 50 day moving average of $10.39 and a 200 day moving average of $10.49. Condor Hospitality Trust has a one year low of $8.13 and a one year high of $15.56. The stock’s market capitalization is $118.74 million.
In other news, CEO J William Blackham III purchased 5,000 shares of the company’s stock in a transaction on Friday, August 11th. The shares were purchased at an average cost of $10.49 per share, with a total value of $52,450.00. Following the completion of the transaction, the chief executive officer now owns 181,385 shares of the company’s stock, valued at approximately $1,902,728.65. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 44.20% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Uniplan Investment Counsel Inc. bought a new stake in Condor Hospitality Trust during the second quarter worth $5,192,000. Dubuque Bank & Trust Co. bought a new stake in Condor Hospitality Trust during the second quarter worth $887,000. Thomson Horstmann & Bryant Inc. raised its position in Condor Hospitality Trust by 32.4% during the second quarter. Thomson Horstmann & Bryant Inc. now owns 463,239 shares of the financial services provider’s stock worth $4,956,000 after acquiring an additional 113,239 shares in the last quarter. UBS Oconnor LLC bought a new stake in Condor Hospitality Trust during the first quarter worth $1,325,000. Finally, Bard Associates Inc. raised its position in Condor Hospitality Trust by 0.6% during the second quarter. Bard Associates Inc. now owns 163,650 shares of the financial services provider’s stock worth $1,751,000 after acquiring an additional 900 shares in the last quarter. 21.20% of the stock is currently owned by hedge funds and other institutional investors.
Condor Hospitality Trust Company Profile
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