Condor Hospitality Trust (CDOR) Given a $12.00 Price Target at B. Riley

B. Riley set a $12.00 target price on Condor Hospitality Trust (NYSEAMERICAN:CDOR) in a report released on Monday. The brokerage currently has a buy rating on the financial services provider’s stock. B. Riley also issued estimates for Condor Hospitality Trust’s Q2 2018 earnings at $0.30 EPS and FY2018 earnings at $1.07 EPS.

Separately, Zacks Investment Research lowered shares of Condor Hospitality Trust from a buy rating to a hold rating in a report on Monday, March 26th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of $11.75.

Condor Hospitality Trust opened at $10.00 on Monday, MarketBeat Ratings reports. The company has a quick ratio of 5.04, a current ratio of 5.04 and a debt-to-equity ratio of 0.74. Condor Hospitality Trust has a fifty-two week low of $8.13 and a fifty-two week high of $11.19.

Condor Hospitality Trust (NYSEAMERICAN:CDOR) last posted its quarterly earnings data on Monday, March 19th. The financial services provider reported $0.10 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.11). The company had revenue of $15.28 million for the quarter, compared to analysts’ expectations of $15.62 million. Condor Hospitality Trust had a return on equity of 43.55% and a net margin of 27.30%.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Highland Capital Management LP acquired a new stake in shares of Condor Hospitality Trust in the 1st quarter valued at $252,000. Dubuque Bank & Trust Co. raised its stake in Condor Hospitality Trust by 15.6% during the 1st quarter. Dubuque Bank & Trust Co. now owns 100,614 shares of the financial services provider’s stock worth $1,006,000 after acquiring an additional 13,608 shares in the last quarter. Corbyn Investment Management Inc. MD raised its stake in Condor Hospitality Trust by 3.0% during the 1st quarter. Corbyn Investment Management Inc. MD now owns 274,176 shares of the financial services provider’s stock worth $2,742,000 after acquiring an additional 7,878 shares in the last quarter. Deutsche Bank AG raised its stake in Condor Hospitality Trust by 120.4% during the 4th quarter. Deutsche Bank AG now owns 25,786 shares of the financial services provider’s stock worth $256,000 after acquiring an additional 14,085 shares in the last quarter. Finally, Renaissance Technologies LLC raised its stake in Condor Hospitality Trust by 167.2% during the 4th quarter. Renaissance Technologies LLC now owns 39,791 shares of the financial services provider’s stock worth $396,000 after acquiring an additional 24,900 shares in the last quarter. Institutional investors and hedge funds own 21.20% of the company’s stock.

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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