Media headlines about Chatham Lodging Trust (NYSE:CLDT) have been trending somewhat positive recently, Alpha One Sentiment reports. The research group, a unit of Accern, identifies negative and positive news coverage by reviewing more than 20 million blog and news sources. Alpha One ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Chatham Lodging Trust earned a coverage optimism score of 0.24 on Alpha One’s scale. Alpha One also assigned headlines about the real estate investment trust an impact score of 85 out of 100, meaning that recent news coverage is very likely to have an effect on the stock’s share price in the immediate future.
CLDT has been the subject of a number of recent analyst reports. Stifel Nicolaus raised their price objective on shares of Chatham Lodging Trust to $19.00 in a research note on Thursday, February 23rd. Cantor Fitzgerald reaffirmed a “hold” rating and issued a $18.00 price objective on shares of Chatham Lodging Trust in a research note on Thursday, February 23rd. Zacks Investment Research raised shares of Chatham Lodging Trust from a “sell” rating to a “hold” rating in a research note on Monday, March 27th. Finally, Barclays PLC reaffirmed a “hold” rating and issued a $21.00 price objective on shares of Chatham Lodging Trust in a research note on Tuesday, February 14th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. Chatham Lodging Trust presently has an average rating of “Hold” and an average price target of $19.60.
Shares of Chatham Lodging Trust (NYSE:CLDT) traded down 0.80% during midday trading on Friday, hitting $19.89. 171,215 shares of the company’s stock were exchanged. The firm has a market cap of $760.91 million, a price-to-earnings ratio of 24.56 and a beta of 0.98. Chatham Lodging Trust has a 52 week low of $16.45 and a 52 week high of $24.80. The company has a 50-day moving average of $19.51 and a 200-day moving average of $19.65.
Chatham Lodging Trust (NYSE:CLDT) last posted its earnings results on Wednesday, February 22nd. The real estate investment trust reported $0.07 EPS for the quarter, topping the consensus estimate of $0.03 by $0.04. Chatham Lodging Trust had a net margin of 11.34% and a return on equity of 4.82%. The business had revenue of $67.24 million for the quarter, compared to the consensus estimate of $64.54 million. Equities research analysts expect that Chatham Lodging Trust will post $0.73 EPS for the current fiscal year.
The firm also recently announced a monthly dividend, which will be paid on Friday, May 26th. Investors of record on Friday, April 28th will be given a dividend of $0.11 per share. The ex-dividend date is Wednesday, April 26th. This represents a $1.32 annualized dividend and a yield of 6.58%. Chatham Lodging Trust’s dividend payout ratio is presently 155.30%.
About Chatham Lodging Trust
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). As of December 31, 2016, the Company owned 38 hotels with an aggregate of 5,712 rooms located in 15 states and the District of Columbia.
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