Stock in Review: Condor Hospitality Trust, Inc. (NASDAQ:CDOR)

Shares of Condor Hospitality Trust, Inc. (NASDAQ:CDOR) ended Wednesday session in red amid volatile trading. The shares closed down -0.02 points or -1.16% at $1.70 with 5,578 shares getting traded. Post opening the session at $1.68, the shares hit an intraday low of $1.66 and an intraday high of $1.75 and the price vacillated in this range throughout the day.

Market Cap/Outstanding Shares

The company has a market cap of $8.43 million and the number of outstanding shares have been calculated to be 4.96 million shares.

Performance weekly/monthly/quarterly/yearly in percentage (%)

The performance for the week is valued at 1.19%, resulting in a performance for the month at -5.03%. Therefore, the stated figure displays a quarterly performance of -5.68% and an annual performance of 20.47% traded down -1.16% on 23 November, 2016 hitting $1.70.

P/S-P/B-P/C

Condor Hospitality Trust, Inc. has a P/S value of 0.16, measuring P/B at 2.66. Its P/Cash is valued at 0.75.

Beta/ATR/Volatility

Beta factor is stands at 3.14 and Avg. true range is 0.12. Historically, the volatility of this stock is about 8.27% a week and 7.33% a month.

Condor Hospitality Trust, Inc. (CDOR) recently declared closing on the sale of two legacy assets, the 59-room Days Inn located at 2015 South Main Street, Farmville, VA 23901 for $2.4 million and the 61-room Comfort Inn located at 1730 North Main Street, Rocky Mount, VA 24151 for $2.2 million.  The net proceeds from these sales will be used for general corporate purposes and for future acquisitions of hotels that meet the Company’s new investment strategy.

“We continue to execute the strategy of disposing the legacy assets at what we believe to be attractive valuations and recycling the net sales proceeds into high-quality, select-service hotels mainly in secondary markets.  Condor has now sold 20 legacy hotels in 2016, generating $47.9 million in gross proceeds,” said Bill Blackham, Condor’s Chief Executive Officer.  “Presently, the Company has signed contracts to sell 4 additional legacy hotels although there can be no guarantee that all of these transactions will actually close.  We anticipate closing on a total of 22 asset sales in 2016 with the net sales proceeds expected to be reinvested into higher quality, select-service lodging assets such as the downtown Atlanta Aloft attained in August and the Aloft Leawood in Kansas City, KS that is expected to close before year-end,” Mr. Blackham continued.

 

 

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