Condor Hospitality Trust Inc (NYSEAMERICAN:CDOR) Sees Large Decrease in Short Interest

Condor Hospitality Trust Inc (NYSEAMERICAN:CDOR) was the target of a significant decline in short interest during the month of May. As of May 31st, there was short interest totalling 1,400 shares, a decline of 75.0% from the April 30th total of 5,600 shares. Based on an average daily volume of 12,400 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s shares are sold short.

A number of equities analysts have issued reports on CDOR shares. Zacks Investment Research cut shares of Condor Hospitality Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, April 17th. DA Davidson restated a “buy” rating on shares of Condor Hospitality Trust in a research report on Tuesday, March 12th. Finally, B. Riley set a $11.00 price objective on shares of Condor Hospitality Trust and gave the company a “buy” rating in a research report on Tuesday, March 26th.

Hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc increased its position in shares of Condor Hospitality Trust by 7.7% in the third quarter. Vanguard Group Inc now owns 176,839 shares of the financial services provider’s stock valued at $1,891,000 after acquiring an additional 12,675 shares during the period. Dubuque Bank & Trust Co. increased its position in shares of Condor Hospitality Trust by 3.1% in the first quarter. Dubuque Bank & Trust Co. now owns 113,702 shares of the financial services provider’s stock valued at $1,023,000 after acquiring an additional 3,375 shares during the period. Vanguard Group Inc. increased its position in shares of Condor Hospitality Trust by 7.7% in the third quarter. Vanguard Group Inc. now owns 176,839 shares of the financial services provider’s stock valued at $1,891,000 after acquiring an additional 12,675 shares during the period. Resource America Inc. increased its position in shares of Condor Hospitality Trust by 10.7% in the first quarter. Resource America Inc. now owns 332,402 shares of the financial services provider’s stock valued at $2,992,000 after acquiring an additional 32,089 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in shares of Condor Hospitality Trust by 23.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 16,808 shares of the financial services provider’s stock valued at $116,000 after acquiring an additional 3,140 shares during the period. Hedge funds and other institutional investors own 21.20% of the company’s stock.

Shares of CDOR stock traded down $0.06 during mid-day trading on Monday, reaching $9.56. The stock had a trading volume of 101 shares, compared to its average volume of 11,066. Condor Hospitality Trust has a 52-week low of $6.10 and a 52-week high of $11.32.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Monday, June 24th will be given a $0.195 dividend. This represents a $0.78 dividend on an annualized basis and a dividend yield of 8.16%. The ex-dividend date is Friday, June 21st.

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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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