Chatham Lodging Trust (REIT) (CLDT) Getting Positive News Coverage, Analysis Shows
Media headlines about Chatham Lodging Trust (REIT) (NYSE:CLDT) have been trending positive this week, according to Accern. Accern rates the sentiment of media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Chatham Lodging Trust (REIT) earned a news impact score of 0.29 on Accern’s scale. Accern also gave press coverage about the real estate investment trust an impact score of 46.8632815970052 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the news stories that may have impacted Accern Sentiment Analysis’s rankings:
- Chatham Lodging Trust (REIT) o (NYSE:CLDT) Experiences … – Modern Readers (modernreaders.com)
- Chatham Lodging Trust : CLDT-US: Dividend Analysis : August 31st, 2017 (record date) : By the numbers : August 29, 2017 (finance.yahoo.com)
- Chatham Lodging Trust (REIT) (CLDT) Ex-Dividend Date Scheduled for August 29, 2017 – Nasdaq (nasdaq.com)
- Chatham Lodging Trust (REIT) (CLDT) Upgraded at JMP Securities (americanbankingnews.com)
- Ex-Dividend Reminder: Chatham Lodging Trust, Badger Meter and Maxim Integrated Products (nasdaq.com)
CLDT has been the topic of several research analyst reports. Zacks Investment Research lowered Chatham Lodging Trust (REIT) from a “buy” rating to a “hold” rating in a report on Monday, May 15th. FBR & Co reissued a “hold” rating and issued a $20.00 price objective on shares of Chatham Lodging Trust (REIT) in a report on Friday, May 12th. Finally, JMP Securities raised Chatham Lodging Trust (REIT) from a “market perform” rating to an “outperform” rating in a report on Monday. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $19.75.
Shares of Chatham Lodging Trust (NYSE:CLDT) opened at 20.01 on Thursday. The firm has a market capitalization of $783.75 million, a price-to-earnings ratio of 30.32 and a beta of 1.05. The firm has a 50-day moving average price of $20.22 and a 200 day moving average price of $19.87. Chatham Lodging Trust has a one year low of $16.45 and a one year high of $21.70.
Chatham Lodging Trust (REIT) (NYSE:CLDT) last posted its quarterly earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.65 by $0.52. The business had revenue of $77.90 million during the quarter, compared to analyst estimates of $77.84 million. Chatham Lodging Trust (REIT) had a return on equity of 3.76% and a net margin of 8.73%. The company’s quarterly revenue was down .1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.69 EPS. Equities analysts forecast that Chatham Lodging Trust will post $0.59 earnings per share for the current fiscal year.
The firm also recently declared a monthly dividend, which will be paid on Friday, September 29th. Shareholders of record on Thursday, August 31st will be given a $0.11 dividend. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a $1.32 annualized dividend and a yield of 6.60%. Chatham Lodging Trust (REIT)’s dividend payout ratio (DPR) is 200.00%.
In other Chatham Lodging Trust (REIT) news, Director Robert D. Perlmutter sold 2,566 shares of Chatham Lodging Trust (REIT) stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $20.37, for a total transaction of $52,269.42. Following the transaction, the director now directly owns 33,258 shares in the company, valued at approximately $677,465.46. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 3.60% of the company’s stock.
Chatham Lodging Trust (REIT) Company Profile
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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