Condor Hospitality Trust, Inc. (NASDAQ:CDOR) declared a quarterly dividend on Friday, September 22nd, Wall Street Journal reports. Investors of record on Monday, October 2nd will be given a dividend of 0.195 per share by the financial services provider on Monday, October 9th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 7.46%. The ex-dividend date of this dividend is Friday, September 29th.

Condor Hospitality Trust (NASDAQ:CDOR) traded up 2.45% on Friday, hitting $10.45. The company had a trading volume of 3,308 shares. The firm’s market capitalization is $121.53 million. The firm has a 50-day moving average price of $10.48 and a 200-day moving average price of $10.77. Condor Hospitality Trust has a 12-month low of $8.13 and a 12-month high of $15.56.

Several analysts recently weighed in on the company. Robert W. Baird assumed coverage on Condor Hospitality Trust in a research report on Thursday, July 13th. They set a “neutral” rating and a $11.00 price objective for the company. Zacks Investment Research upgraded Condor Hospitality Trust from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a research report on Thursday, August 10th. ValuEngine downgraded Condor Hospitality Trust from a “hold” rating to a “sell” rating in a research report on Monday, July 17th. Finally, FBR & Co assumed coverage on Condor Hospitality Trust in a research report on Wednesday, September 13th. They set a “buy” rating and a $12.00 price objective for the company. One analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. Condor Hospitality Trust presently has a consensus rating of “Hold” and an average price target of $11.80.

TRADEMARK VIOLATION WARNING: “Condor Hospitality Trust, Inc. (CDOR) to Issue $0.20 Quarterly Dividend” was posted by Daily Political and is the property of of Daily Political. If you are reading this report on another website, it was copied illegally and republished in violation of U.S. & international copyright & trademark law. The original version of this report can be read at https://www.dailypolitical.com/2017/09/22/condor-hospitality-trust-inc-cdor-to-issue-0-20-quarterly-dividend.html.

In other Condor Hospitality Trust news, CEO J William Blackham III acquired 5,000 shares of the company’s stock in a transaction that occurred on Friday, August 11th. The stock was acquired at an average cost of $10.49 per share, for a total transaction of $52,450.00. Following the transaction, the chief executive officer now directly owns 181,385 shares in the company, valued at $1,902,728.65. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 44.20% of the stock is owned by corporate insiders.

A hedge fund recently raised its stake in Condor Hospitality Trust stock. Vanguard Group Inc. raised its position in Condor Hospitality Trust, Inc. (NASDAQ:CDOR) by 30.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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 as of its most recent SEC filing. 21.20% of the stock is owned by institutional investors.

About Condor Hospitality Trust

Dividend History for Condor Hospitality Trust (NASDAQ:CDOR)

Receive News & Ratings for Condor Hospitality Trust Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Condor Hospitality Trust Inc. and related companies with MarketBeat.com's FREE daily email newsletter.