Chatham Lodging Trust (NYSE:CLDT) has been assigned a $19.00 target price by stock analysts at Barclays PLC in a research note issued on Tuesday. The firm currently has a a “hold” rating on the stock. Barclays PLC’s target price suggests a potential upside of 5.56% from the stock’s previous close.
Other analysts also recently issued reports about the stock. Cantor Fitzgerald reaffirmed a “buy” rating on shares of Chatham Lodging Trust in a report on Thursday, June 30th. FBR & Co dropped their price objective on shares of Chatham Lodging Trust from $23.00 to $22.00 and set a “hold” rating for the company in a report on Tuesday. Zacks Investment Research raised shares of Chatham Lodging Trust from a “sell” rating to a “hold” rating in a report on Tuesday, October 4th. Finally, SunTrust Banks Inc. dropped their price objective on shares of Chatham Lodging Trust from $20.00 to $19.00 and set a “neutral” rating for the company in a report on Thursday, August 4th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Chatham Lodging Trust has a consensus rating of “Hold” and a consensus price target of $22.42.
Chatham Lodging Trust (NYSE:CLDT) traded down 4.36% during trading on Tuesday, hitting $18.00. The stock had a trading volume of 473,127 shares. Chatham Lodging Trust has a 1-year low of $16.12 and a 1-year high of $24.80. The firm has a market capitalization of $688.34 million, a PE ratio of 20.25 and a beta of 1.03. The firm has a 50 day moving average price of $19.82 and a 200-day moving average price of $21.31.
Chatham Lodging Trust (NYSE:CLDT) last released its quarterly earnings results on Wednesday, August 3rd. The company reported $0.69 EPS for the quarter, missing analysts’ consensus estimates of $0.71 by $0.02. The firm had revenue of $78 million for the quarter, compared to analysts’ expectations 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 for the quarter was up 7.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.71 earnings per share. On average, equities research analysts expect that Chatham Lodging Trust will post $2.30 EPS for the current year.
The firm also recently declared a monthly dividend, which will be paid on Friday, November 25th. Shareholders of record on Monday, October 31st will be paid a $0.11 dividend. This represents a $1.32 annualized dividend and a yield of 7.33%. The ex-dividend date is Thursday, October 27th. Chatham Lodging Trust’s dividend payout ratio is presently 150.00%.
A number of hedge funds have recently bought and sold shares of the company. Teacher Retirement System of Texas increased its position in shares of Chatham Lodging Trust by 13.7% in the second quarter. Teacher Retirement System of Texas now owns 5,371 shares of the company’s stock valued at $118,000 after buying an additional 647 shares during the period. Hillsdale Investment Management Inc. purchased a new position in shares of Chatham Lodging Trust during the second quarter valued at approximately $123,000. Societe Generale purchased a new position in shares of Chatham Lodging Trust during the second quarter valued at approximately $136,000. SG Americas Securities LLC purchased a new position in shares of Chatham Lodging Trust during the second quarter valued at approximately $136,000. Finally, PNC Financial Services Group Inc. increased its position in shares of Chatham Lodging Trust by 2,937.7% in the second quarter. PNC Financial Services Group Inc. now owns 6,197 shares of the company’s stock valued at $136,000 after buying an additional 5,993 shares during the period. 83.95% of the stock is owned by institutional investors and hedge funds.
About Chatham Lodging Trust
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.
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