Chatham Lodging Trust (CLDT) Price Target Lowered to $22.00 at FBR & Co
Several other research analysts also recently commented on the company. SunTrust Banks Inc. cut their target price on Chatham Lodging Trust from $20.00 to $19.00 and set a neutral rating on the stock in a report on Thursday, August 4th. Cantor Fitzgerald reaffirmed a buy rating on shares of Chatham Lodging Trust in a report on Thursday, June 30th. Zacks Investment Research raised Chatham Lodging Trust from a sell rating to a hold rating in a report on Tuesday, October 4th. Finally, Barclays PLC downgraded Chatham Lodging Trust from an overweight rating to an equal weight rating and cut their target price for the stock from $24.00 to $22.00 in a report on Thursday, August 4th. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of $22.42.
Chatham Lodging Trust (NYSE:CLDT) traded down 0.94% on Tuesday, hitting $17.83. The company had a trading volume of 102,029 shares. 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 has a one year low of $16.12 and a one year high of $24.80. The stock’s 50-day moving average price is $19.77 and its 200 day moving average price is $21.28.
Chatham Lodging Trust (NYSE:CLDT) last announced its earnings results on Wednesday, August 3rd. The company reported $0.69 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.71 by $0.02. The company had revenue of $78 million for the quarter, compared to analyst estimates of $78.81 million. Chatham Lodging Trust had a return on equity of 4.93% and a net margin of 11.72%. The firm’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.71 earnings per share. On average, analysts expect that Chatham Lodging Trust will post $2.30 EPS for the current fiscal year.
The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 25th. Stockholders of record on Monday, October 31st will be paid a $0.11 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 7.33%. The ex-dividend date is Thursday, October 27th. Chatham Lodging Trust’s dividend payout ratio is 150.00%.
Several hedge funds and other institutional investors have recently made changes to their positions in CLDT. Vanguard Group Inc. increased its position in shares of Chatham Lodging Trust by 1.8% in the second quarter. Vanguard Group Inc. now owns 4,478,224 shares of the company’s stock worth $98,432,000 after buying an additional 78,550 shares in the last quarter. Fuller & Thaler Asset Management Inc. increased its position in shares of Chatham Lodging Trust by 5.7% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 3,098,701 shares of the company’s stock worth $68,109,000 after buying an additional 167,838 shares in the last quarter. Forward Management LLC increased its position in shares of Chatham Lodging Trust by 2.7% in the second quarter. Forward Management LLC now owns 1,926,100 shares of the company’s stock worth $42,335,000 after buying an additional 50,700 shares in the last quarter. BlackRock Institutional Trust Company N.A. increased its position in shares of Chatham Lodging Trust by 0.7% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 1,715,785 shares of the company’s stock worth $37,713,000 after buying an additional 11,414 shares in the last quarter. Finally, V3 Capital Management L.P. increased its position in shares of Chatham Lodging Trust by 80.5% in the first quarter. V3 Capital Management L.P. now owns 1,190,047 shares of the company’s stock worth $25,503,000 after buying an additional 530,637 shares in the last quarter. 83.95% of the stock is currently owned by institutional investors.
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.
Receive News & Stock 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 stocks with our FREE daily email newsletter.