When a company such as SPPR conducts a reverse share split, it is usually because shares have fallen to a lower per-share pricepoint than the company would like. This can be important because, for example, certain types of mutual funds might have a limit governing which stocks they may buy, based upon per-share price. The $5 and $10 pricepoints tend to be important in this regard. Stock exchanges also tend to look at per-share price, setting a lower limit for listing eligibility. So when a company does a reverse split, it is looking mathematically at the market capitalization before and after the reverse split takes place, and concluding that if the market capitilization remains stable, the reduced share count should result in a higher price per share.

Looking at the SPPR split history from start to finish, an original position size of 1000 shares would have turned into 125 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into SPPR shares, starting with a $10,000 purchase of SPPR, presented on a split-history-adjusted basis factoring in the complete SPPR split history.

About SPPR

Condor Hospitality Trust is a self-administered real estate investment trust. Through its subsidiaries, Co. is engaged primarily in the business of owning equity interests in hotel properties. As of Dec 31 2013, Co. owned 69 limited service hotels in 21 states. Co.'s hotels operate under several franchise and independent brands. Co.'s 69 hotels owned at Dec 31 2013 operate under the following brands: Super 8, Comfort Inn/Comfort Suites, Days Inn, Savannah Suites, Quality Inn, Baymont Inn, Clarion, Hilton Garden Inn, Key West Inn, Rodeway Inn, Sleep Inn and Supertel Inn. According to our SPPR split history records, SPPR has had 1 split.

SPPR Split History | www.SplitHistory.com | Copyright © 2013 - 2024, All Rights Reserved