Condor Hospitality Trust, Inc. (CDOR) to Issue Quarterly Dividend of $0.20 on January 10th
Condor Hospitality Trust, Inc. (NYSEAMERICAN:CDOR) announced a quarterly dividend on Wednesday, December 20th, Wall Street Journal reports. Investors of record on Tuesday, January 2nd will be paid a dividend of 0.195 per share by the financial services provider on Wednesday, January 10th. This represents a $0.78 dividend on an annualized basis and a yield of 7.75%. The ex-dividend date is Friday, December 29th.
Shares of Condor Hospitality Trust (CDOR) opened at $10.07 on Friday. Condor Hospitality Trust has a twelve month low of $8.13 and a twelve month high of $15.47. The stock has a market cap of $117.84, a price-to-earnings ratio of 2.90 and a beta of 3.19. The company has a current ratio of 5.04, a quick ratio of 5.04 and a debt-to-equity ratio of 0.74.
A hedge fund recently raised its stake in Condor Hospitality Trust stock. Vanguard Group Inc. grew its holdings in Condor Hospitality Trust, Inc. (NYSEAMERICAN:CDOR) by 30.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 13,092 shares of the financial services provider’s stock after purchasing an additional 3,039 shares during the quarter. Vanguard Group Inc. owned 0.11% of Condor Hospitality Trust worth $140,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 21.20% of the company’s stock.
CDOR has been the topic of several recent analyst reports. FBR & Co initiated coverage on shares of Condor Hospitality Trust in a report on Wednesday, September 13th. They set a “buy” rating and a $12.00 price objective on the stock. Zacks Investment Research raised shares of Condor Hospitality Trust from a “hold” rating to a “buy” rating and set a $11.00 price objective on the stock in a report on Tuesday, October 10th. Finally, Robert W. Baird set a $11.00 price objective on shares of Condor Hospitality Trust and gave the company a “hold” rating in a report on Sunday, October 29th. Two analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $11.60.
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About Condor Hospitality Trust
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