FY2017 EPS Estimates for Condor Hospitality Trust, Inc. Decreased by KeyCorp (CDOR)

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

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

Condor Hospitality Trust (NYSEAMERICAN CDOR) opened at $10.07 on Monday. The company has a quick ratio of 5.04, a current ratio of 5.04 and a debt-to-equity ratio of 0.74. The stock has a market capitalization of $117.61, a P/E ratio of 2.90 and a beta of 3.19. Condor Hospitality Trust has a fifty-two week low of $8.13 and a fifty-two week high of $15.47.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 10th. Shareholders of record on Tuesday, January 2nd will be given a $0.195 dividend. This represents a $0.78 annualized dividend and a yield of 7.75%. The ex-dividend date of this dividend is Friday, December 29th. Condor Hospitality Trust’s payout ratio is 22.48%.

A number of large investors have recently added to or reduced their stakes in CDOR. Uniplan Investment Counsel Inc. purchased a new position in Condor Hospitality Trust in the second quarter worth $5,192,000. Janus Henderson Group PLC acquired a new stake in Condor Hospitality Trust in the second quarter valued at $1,840,000. Mesirow Financial Investment Management Inc. acquired a new stake in Condor Hospitality Trust in the second quarter valued at $315,000. Northpointe Capital LLC grew its holdings in 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 during the last quarter. Finally, Foundry Partners LLC grew its holdings in 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 during the last quarter. Hedge funds and other institutional investors own 21.20% of the company’s stock.

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Condor Hospitality Trust Company Profile

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