Chatham Lodging Trust (NYSE:CLDT) PT Lowered to $12.00

Chatham Lodging Trust (NYSE:CLDT) had its price objective cut by Barclays from $13.00 to $12.00 in a report released on Wednesday morning, Benzinga reports. They currently have an overweight rating on the real estate investment trust’s stock.

Chatham Lodging Trust Price Performance

CLDT stock opened at $9.29 on Wednesday. The stock has a market cap of $454.32 million, a PE ratio of -84.45 and a beta of 1.74. Chatham Lodging Trust has a 12 month low of $8.92 and a 12 month high of $11.32. The company has a 50-day moving average price of $10.07 and a 200 day moving average price of $10.17. The company has a current ratio of 3.08, a quick ratio of 3.08 and a debt-to-equity ratio of 0.49.

Chatham Lodging Trust (NYSE:CLDT) last announced its quarterly earnings data on Tuesday, February 27th. The real estate investment trust reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.38). The firm had revenue of $72.28 million during the quarter, compared to the consensus estimate of $70.46 million. Chatham Lodging Trust had a return on equity of 0.33% and a net margin of 0.85%. During the same period in the previous year, the business earned $0.20 EPS. Equities research analysts anticipate that Chatham Lodging Trust will post 1.15 earnings per share for the current year.

Chatham Lodging Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were given a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 3.01%. The ex-dividend date of this dividend was Wednesday, March 27th. Chatham Lodging Trust’s dividend payout ratio (DPR) is presently -254.55%.

Institutional Trading of Chatham Lodging Trust

Several institutional investors and hedge funds have recently made changes to their positions in the business. Price T Rowe Associates Inc. MD increased its stake in Chatham Lodging Trust by 1.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 56,138 shares of the real estate investment trust’s stock worth $689,000 after buying an additional 800 shares during the period. State of Tennessee Treasury Department increased its position in shares of Chatham Lodging Trust by 2.8% during the fourth quarter. State of Tennessee Treasury Department now owns 35,192 shares of the real estate investment trust’s stock worth $431,000 after acquiring an additional 969 shares during the period. The Manufacturers Life Insurance Company increased its position in shares of Chatham Lodging Trust by 5.5% during the second quarter. The Manufacturers Life Insurance Company now owns 20,905 shares of the real estate investment trust’s stock worth $196,000 after acquiring an additional 1,086 shares during the period. Great West Life Assurance Co. Can raised its stake in shares of Chatham Lodging Trust by 1.2% during the first quarter. Great West Life Assurance Co. Can now owns 100,562 shares of the real estate investment trust’s stock valued at $1,054,000 after acquiring an additional 1,239 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its holdings in shares of Chatham Lodging Trust by 8.7% in the third quarter. Nisa Investment Advisors LLC now owns 17,740 shares of the real estate investment trust’s stock valued at $170,000 after purchasing an additional 1,420 shares during the period. 88.37% of the stock is currently owned by institutional investors.

Chatham Lodging Trust Company Profile

Chatham Lodging Trust is a self-advised, publicly traded real estate investment trust (REIT) focused primarily on investing in upscale, extended-stay hotels and premium-branded, select-service hotels. The company owns 39 hotels totaling 5,915 rooms/suites in 16 states and the District of Columbia.