Chatham Lodging Trust (CLDT) Price Target Lowered to $22.00 at FBR & Co
CLDT has been the topic of a number of other research reports. Zacks Investment Research raised Chatham Lodging Trust from a sell rating to a hold rating in a research note on Tuesday, October 4th. Cantor Fitzgerald reaffirmed a buy rating on shares of Chatham Lodging Trust in a research note on Thursday, June 30th. SunTrust Banks Inc. reduced their price objective on Chatham Lodging Trust from $20.00 to $19.00 and set a neutral rating on the stock in a research note on Thursday, August 4th. Finally, Barclays PLC cut Chatham Lodging Trust from an overweight rating to an equal weight rating and reduced their price objective for the company from $24.00 to $22.00 in a research note on Thursday, August 4th. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Chatham Lodging Trust presently has a consensus rating of Hold and an average target price of $22.42.
Shares of Chatham Lodging Trust (NYSE:CLDT) traded down 0.94% during mid-day trading on Tuesday, reaching $17.83. The company had a trading volume of 102,029 shares. The firm has a 50-day moving average of $19.77 and a 200-day moving average of $21.28. Chatham Lodging Trust has a 12-month low of $16.12 and a 12-month high of $24.80. The company has a market capitalization of $681.84 million, a P/E ratio of 20.06 and a beta of 1.03.
Chatham Lodging Trust (NYSE:CLDT) last released its earnings results on Wednesday, August 3rd. The company reported $0.69 EPS for the quarter, missing the Zacks’ consensus estimate of $0.71 by $0.02. The firm earned $78 million during the quarter, compared to the consensus estimate of $78.81 million. Chatham Lodging Trust had a net margin of 11.72% and a return on equity of 4.93%. The firm’s revenue was up 7.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.71 EPS. On average, equities analysts anticipate that Chatham Lodging Trust will post $2.30 earnings per share for the current fiscal year.
The company also recently announced a monthly dividend, which will be paid on Friday, November 25th. Stockholders of record on Monday, October 31st will be issued a dividend of $0.11 per share. The ex-dividend date of this dividend is Thursday, October 27th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 7.33%. Chatham Lodging Trust’s dividend payout ratio is currently 150.00%.
Hedge funds have recently bought and sold shares of the company. Schwab Charles Investment Management Inc. raised its stake in Chatham Lodging Trust by 1.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 133,931 shares of the company’s stock worth $2,944,000 after buying an additional 2,340 shares in the last quarter. Hillsdale Investment Management Inc. purchased a new stake in Chatham Lodging Trust during the second quarter worth $123,000. Stifel Financial Corp raised its stake in Chatham Lodging Trust by 4.5% in the second quarter. Stifel Financial Corp now owns 190,742 shares of the company’s stock worth $4,192,000 after buying an additional 8,228 shares in the last quarter. Legal & General Group Plc raised its stake in Chatham Lodging Trust by 6.6% in the second quarter. Legal & General Group Plc now owns 73,466 shares of the company’s stock worth $1,613,000 after buying an additional 4,519 shares in the last quarter. Finally, Guggenheim Capital LLC raised its stake in Chatham Lodging Trust by 4.4% in the second quarter. Guggenheim Capital LLC now owns 244,530 shares of the company’s stock worth $5,375,000 after buying an additional 10,394 shares in the last quarter. Institutional investors own 83.95% of the company’s stock.
Chatham Lodging Trust Company Profile
Chatham Lodging Trust is a real estate investment trust (REIT) organized to invest primarily in premium-branded upscale extended-stay and select-service hotels. The Company’s assets are held by, and all of its operations are conducted through Chatham Lodging, L.P (Operating Partnership). The Operating Partnership and its subsidiaries lease the Company’s hotels.
Receive News & Ratings for Chatham Lodging Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chatham Lodging Trust and related companies with MarketBeat.com's FREE daily email newsletter.