Chatham Lodging Trust (NYSE:CLDT) EVP Peter Willis purchased 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 8th. The stock was acquired at an average price of $17.44 per share, for a total transaction of $34,880.00. Following the acquisition, the executive vice president now directly owns 64,626 shares of the company’s stock, valued at approximately $1,127,077.44. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.

Chatham Lodging Trust (NYSE:CLDT) opened at 19.44 on Monday. The company’s 50-day moving average price is $18.35 and its 200 day moving average price is $20.79. The company has a market capitalization of $743.54 million, a PE ratio of 22.58 and a beta of 1.03. Chatham Lodging Trust has a 52 week low of $16.12 and a 52 week high of $24.80.

Chatham Lodging Trust (NYSE:CLDT) last posted its quarterly earnings results on Thursday, November 3rd. The company reported $0.71 earnings per share for the quarter, missing analysts’ consensus estimates of $0.72 by $0.01. Chatham Lodging Trust had a return on equity of 4.82% and a net margin of 11.34%. The firm had revenue of $79.73 million for the quarter, compared to analyst estimates of $80.51 million. During the same period last year, the company posted $0.76 earnings per share. The firm’s quarterly revenue was up 1.8% compared to the same quarter last year. On average, equities research analysts anticipate that Chatham Lodging Trust will post $2.23 EPS for the current year.

The company also recently declared a monthly dividend, which will be paid on Friday, December 30th. Investors of record on Wednesday, November 30th will be paid a dividend of $0.11 per share. This represents a $1.32 dividend on an annualized basis and a yield of 6.79%. The ex-dividend date of this dividend is Monday, November 28th. Chatham Lodging Trust’s dividend payout ratio (DPR) is currently 155.30%.

Hedge funds and other institutional investors have recently bought and sold shares of the company. State Board of Administration of Florida Retirement System increased its position in Chatham Lodging Trust by 0.4% in the second quarter. State Board of Administration of Florida Retirement System now owns 38,775 shares of the company’s stock worth $852,000 after buying an additional 165 shares during the period. Phocas Financial Corp. increased its position in Chatham Lodging Trust by 1.3% in the first quarter. Phocas Financial Corp. now owns 13,397 shares of the company’s stock worth $287,000 after buying an additional 174 shares during the period. Mizuho Trust & Banking Co. Ltd. increased its position in Chatham Lodging Trust by 6.5% in the second quarter. Mizuho Trust & Banking Co. Ltd. now owns 7,538 shares of the company’s stock worth $166,000 after buying an additional 460 shares during the period. TIAA CREF Investment Management LLC increased its position in Chatham Lodging Trust by 0.3% in the first quarter. TIAA CREF Investment Management LLC now owns 186,888 shares of the company’s stock worth $4,005,000 after buying an additional 481 shares during the period. Finally, Nomura Asset Management Co. Ltd. increased its position in Chatham Lodging Trust by 2.3% in the third quarter. Nomura Asset Management Co. Ltd. now owns 23,480 shares of the company’s stock worth $452,000 after buying an additional 520 shares during the period. 82.59% of the stock is currently owned by institutional investors and hedge funds.

Several analysts have issued reports on CLDT shares. Zacks Investment Research downgraded shares of Chatham Lodging Trust from a “hold” rating to a “sell” rating in a research report on Thursday, August 4th. Barclays PLC reaffirmed a “hold” rating and issued a $18.00 price objective on shares of Chatham Lodging Trust in a research report on Monday, November 7th. SunTrust Banks Inc. decreased their price target on shares of Chatham Lodging Trust from $20.00 to $19.00 and set a “neutral” rating for the company in a research report on Thursday, August 4th. Cantor Fitzgerald downgraded shares of Chatham Lodging Trust from a “buy” rating to a “hold” rating and set a $19.00 price target for the company. in a research report on Wednesday, October 12th. Finally, FBR & Co decreased their price target on shares of Chatham Lodging Trust from $23.00 to $22.00 and set a “hold” rating for the company in a research report on Tuesday, October 11th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $21.17.

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.

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