Trading Report: The Chatham Lodging Trust (CLDT) gets “Hold” status at Cantor Fitzgerald

The Chatham Lodging Trust (CLDT) gets “Hold” status at Cantor Fitzgerald

Cantor Fitzgerald lowered shares of Chatham Lodging Trust (NYSE:CLDT) from a buy rating to a hold rating in a report published on Wednesday morning.

Several other equities analysts have also issued reports on CLDT. FBR & Co lowered Chatham Lodging Trust from an outperform rating to a market perform rating and decreased their price objective for the company from $26.00 to $23.00 in a research report on Thursday, August 4th. Zacks Investment Research upgraded Chatham Lodging Trust from a sell rating to a hold rating in a research report on Tuesday, July 12th. Barclays PLC lowered Chatham Lodging Trust from an overweight rating to an equal weight rating and decreased their price objective for the company from $24.00 to $22.00 in a research report on Thursday, August 4th. Finally, SunTrust Banks Inc. decreased their price objective on 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. 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 stock. The stock has a consensus rating of Hold and an average price target of $22.42.

Shares of Chatham Lodging Trust (NYSE:CLDT) traded up 0.67% during trading on Wednesday, reaching $18.02. The company’s stock had a trading volume of 114,638 shares. Chatham Lodging Trust has a 52 week low of $16.12 and a 52 week high of $24.80. The stock’s 50 day moving average price is $19.67 and its 200 day moving average price is $21.26. The company has a market cap of $689.10 million, a PE ratio of 20.27 and a beta of 1.03.

Chatham Lodging Trust (NYSE:CLDT) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported $0.69 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.71 by $0.02. Chatham Lodging Trust had a net margin of 11.72% and a return on equity of 4.93%. The business earned $78 million during the quarter, compared to analyst estimates of $78.81 million. During the same quarter in the prior year, the firm posted $0.71 earnings per share. Chatham Lodging Trust’s revenue for the quarter was up 7.7% compared to the same quarter last year. Equities research analysts predict that Chatham Lodging Trust will post $2.30 EPS for the current year.

The business 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 dividend of $0.11 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 7.37%. The ex-dividend date is Thursday, October 27th. Chatham Lodging Trust’s dividend payout ratio is currently 150.00%.

Large investors have recently made changes to their positions in the company. TIAA CREF Investment Management LLC boosted its stake in shares of 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 in the last quarter. BlackRock Group LTD boosted its stake in shares of Chatham Lodging Trust by 2.7% in the first quarter. BlackRock Group LTD now owns 316,873 shares of the company’s stock worth $6,790,000 after buying an additional 8,436 shares in the last quarter. Emerald Acquisition Ltd. bought a new stake in shares of Chatham Lodging Trust during the second quarter worth about $1,945,000. Boston Partners boosted its stake in shares of Chatham Lodging Trust by 1.4% in the second quarter. Boston Partners now owns 1,024,750 shares of the company’s stock worth $22,524,000 after buying an additional 13,903 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp bought a new stake in shares of Chatham Lodging Trust during the first quarter worth about $347,000. Institutional investors own 83.95% of the company’s stock.

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