Chatham Lodging Trust (CLDT) COO Dennis M. Craven Purchases 2,215 Shares
Chatham Lodging Trust (NYSE:CLDT) COO Dennis M. Craven bought 2,215 shares of the stock in a transaction on Wednesday, February 28th. The shares were acquired at an average cost of $18.35 per share, for a total transaction of $40,645.25. Following the completion of the transaction, the chief operating officer now directly owns 85,943 shares of the company’s stock, valued at $1,577,054.05. The purchase was disclosed in a filing with the SEC, which is available through the SEC website.
Shares of Chatham Lodging Trust (NYSE CLDT) traded down $0.14 on Friday, reaching $18.18. 442,169 shares of the company’s stock were exchanged, compared to its average volume of 374,978. The company has a market capitalization of $824.92, a PE ratio of 24.90 and a beta of 1.16. The company has a current ratio of 1.28, a quick ratio of 1.42 and a debt-to-equity ratio of 0.66. Chatham Lodging Trust has a 1 year low of $17.90 and a 1 year high of $23.91.
Chatham Lodging Trust (NYSE:CLDT) last announced its quarterly earnings results on Monday, February 26th. The real estate investment trust reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.02). The business had revenue of $70.32 million for the quarter, compared to the consensus estimate of $68.50 million. Chatham Lodging Trust had a return on equity of 4.11% and a net margin of 9.86%. The firm’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.44 EPS. analysts expect that Chatham Lodging Trust will post 1.91 earnings per share for the current fiscal year.
Several equities analysts have commented on the stock. Stifel Nicolaus reissued a “hold” rating and set a $20.00 target price on shares of Chatham Lodging Trust in a research report on Tuesday. Barclays lowered their price target on Chatham Lodging Trust from $23.00 to $22.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Zacks Investment Research raised Chatham Lodging Trust from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 20th. Cantor Fitzgerald set a $20.00 price target on Chatham Lodging Trust and gave the company a “hold” rating in a research report on Thursday. Finally, B. Riley lowered their price target on Chatham Lodging Trust from $21.00 to $20.00 and set a “neutral” rating on the stock in a research report on Tuesday. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company’s stock. Chatham Lodging Trust has an average rating of “Hold” and a consensus price target of $21.00.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Sterling Capital Management LLC bought a new position in Chatham Lodging Trust during the fourth quarter worth about $1,002,000. MetLife Investment Advisors LLC bought a new position in Chatham Lodging Trust during the fourth quarter worth about $428,000. Millennium Management LLC bought a new position in Chatham Lodging Trust during the fourth quarter worth about $8,829,000. Teachers Advisors LLC lifted its stake in Chatham Lodging Trust by 8.4% during the fourth quarter. Teachers Advisors LLC now owns 374,892 shares of the real estate investment trust’s stock worth $8,533,000 after purchasing an additional 29,178 shares during the period. Finally, California State Teachers Retirement System lifted its stake in Chatham Lodging Trust by 14.0% during the fourth quarter. California State Teachers Retirement System now owns 70,427 shares of the real estate investment trust’s stock worth $1,603,000 after purchasing an additional 8,667 shares during the period. Hedge funds and other institutional investors own 82.52% of the company’s stock.
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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). The Company owned 41 hotels with an aggregate of 6,163 rooms located in 16 states and the District of Columbia.
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