Chatham Lodging Trust (NYSE:CLDT) has been given a consensus rating of “Hold” by the nine research firms that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $20.50.
Several equities research analysts have recently weighed in on CLDT shares. Barclays reiterated a “hold” rating and set a $23.00 price target on shares of Chatham Lodging Trust in a research report on Friday, December 15th. Zacks Investment Research cut Chatham Lodging Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, January 2nd. B. Riley decreased their price objective on shares of Chatham Lodging Trust from $21.00 to $20.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 27th. Cantor Fitzgerald set a $20.00 price objective on shares of Chatham Lodging Trust and gave the stock a “hold” rating in a research report on Thursday, March 1st. Finally, Stifel Nicolaus restated a “hold” rating and issued a $20.00 price objective on shares of Chatham Lodging Trust in a research report on Tuesday, February 27th.
In other Chatham Lodging Trust news, COO Dennis M. Craven purchased 2,215 shares of Chatham Lodging Trust stock in a transaction on Wednesday, February 28th. The shares were acquired at an average cost of $18.35 per share, for a total transaction of $40,645.25. Following the completion of the transaction, the chief operating officer now directly owns 85,943 shares of the company’s stock, valued at $1,577,054.05. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, EVP Peter Willis purchased 2,000 shares of Chatham Lodging Trust stock in a transaction on Wednesday, February 28th. The shares were acquired at an average price of $18.30 per share, for a total transaction of $36,600.00. Following the completion of the transaction, the executive vice president now directly owns 68,233 shares of the company’s stock, valued at $1,248,663.90. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 14,715 shares of company stock worth $270,485. 3.60% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Sterling Capital Management LLC bought a new position in Chatham Lodging Trust during the fourth quarter valued at approximately $1,002,000. MetLife Investment Advisors LLC bought a new position in Chatham Lodging Trust during the fourth quarter valued at approximately $428,000. Millennium Management LLC bought a new position in Chatham Lodging Trust during the fourth quarter valued at approximately $8,829,000. Teachers Advisors LLC grew its position in Chatham Lodging Trust by 8.4% during the fourth quarter. Teachers Advisors LLC now owns 374,892 shares of the real estate investment trust’s stock valued at $8,533,000 after acquiring an additional 29,178 shares during the last quarter. Finally, California State Teachers Retirement System grew its position in Chatham Lodging Trust by 14.0% during the fourth quarter. California State Teachers Retirement System now owns 70,427 shares of the real estate investment trust’s stock valued at $1,603,000 after acquiring an additional 8,667 shares during the last quarter. Institutional investors and hedge funds own 88.61% of the company’s stock.
Shares of Chatham Lodging Trust (CLDT) opened at $19.50 on Friday. Chatham Lodging Trust has a 52-week low of $17.90 and a 52-week high of $23.91. The firm has a market capitalization of $894.42, a PE ratio of 26.71 and a beta of 1.16. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.66.
Chatham Lodging Trust (NYSE:CLDT) last announced its quarterly earnings results on Monday, February 26th. The real estate investment trust reported $0.36 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by ($0.02). Chatham Lodging Trust had a net margin of 9.86% and a return on equity of 4.11%. The company had revenue of $70.32 million for the quarter, compared to the consensus estimate of $68.50 million. During the same quarter in the prior year, the company earned $0.44 earnings per share. The company’s quarterly revenue was up 6.2% on a year-over-year basis. sell-side analysts predict that Chatham Lodging Trust will post 1.91 EPS for the current year.
The business also recently disclosed a monthly dividend, which will be paid on Friday, April 27th. Investors of record on Thursday, March 29th will be given a $0.11 dividend. This represents a $1.32 annualized dividend and a dividend yield of 6.77%. The ex-dividend date of this dividend is Wednesday, March 28th. Chatham Lodging Trust’s dividend payout ratio (DPR) is 180.82%.
Chatham Lodging Trust Company Profile
Chatham Lodging Trust is a real estate investment trust. The Company invests primarily in upscale extended-stay and premium-branded select-service hotels. All of the Company’s assets are held by, and all of its operations are conducted through Chatham Lodging, L.P. (the Operating Partnership). The Company owned 41 hotels with an aggregate of 6,163 rooms located in 16 states and the District of Columbia.
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.