Condor Hospitality Trust (CDOR) Releases Quarterly Earnings Results

Condor Hospitality Trust (NYSEAMERICAN:CDOR) announced its earnings results on Monday. The financial services provider reported ($0.10) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.09) by ($0.01), MarketWatch Earnings reports. The business had revenue of $15.08 million during the quarter, compared to analyst estimates of $16.38 million.

Condor Hospitality Trust stock opened at $8.61 on Wednesday. Condor Hospitality Trust has a fifty-two week low of $6.10 and a fifty-two week high of $11.32.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 2nd. Stockholders of record on Friday, March 15th will be paid a dividend of $0.195 per share. This represents a $0.78 annualized dividend and a dividend yield of 9.06%. The ex-dividend date of this dividend is Thursday, March 14th.



Several research firms have recently weighed in on CDOR. Robert W. Baird set a $10.00 price target on shares of Condor Hospitality Trust and gave the company a “hold” rating in a research note on Monday, December 17th. Zacks Investment Research raised shares of Condor Hospitality Trust from a “strong sell” rating to a “hold” rating in a research note on Monday, February 18th.

A hedge fund recently raised its stake in Condor Hospitality Trust stock. Dimensional Fund Advisors LP increased its holdings in Condor Hospitality Trust Inc (NYSEAMERICAN:CDOR) by 23.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,808 shares of the financial services provider’s stock after buying an additional 3,140 shares during the period. Dimensional Fund Advisors LP owned about 0.14% of Condor Hospitality Trust worth $116,000 as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 21.20% of the company’s stock.

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About Condor Hospitality Trust

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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Earnings History for Condor Hospitality Trust (NYSEAMERICAN:CDOR)

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