Trading Report: The FBR & Co Trims Chatham Lodging Trust (CLDT) Target Price to $22.00

The FBR & Co Trims Chatham Lodging Trust (CLDT) Target Price to $22.00

Chatham Lodging Trust (NYSE:CLDT) had its price objective lowered by FBR & Co from $23.00 to $22.00 in a research report sent to investors on Tuesday. The brokerage currently has a hold rating on the stock.

A number of other brokerages also recently issued reports on CLDT. 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. SunTrust Banks Inc. cut their price objective 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 reissued a buy rating on shares of Chatham Lodging Trust in a research report on Thursday, June 30th. Finally, Barclays PLC downgraded shares of Chatham Lodging Trust from an overweight rating to an equal weight rating and cut their price objective for the company from $24.00 to $22.00 in a research report on Thursday, August 4th. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. Chatham Lodging Trust has an average rating of Hold and an average price target of $21.67.

Chatham Lodging Trust (NYSE:CLDT) opened at 17.84 on Tuesday. The company has a market cap of $682.22 million, a PE ratio of 20.07 and a beta of 1.03. Chatham Lodging Trust has a 1-year low of $16.12 and a 1-year high of $24.80. The company has a 50-day moving average price of $19.57 and a 200-day moving average price of $21.24.

Chatham Lodging Trust (NYSE:CLDT) last posted its earnings results on Wednesday, August 3rd. The company reported $0.69 EPS for the quarter, missing analysts’ consensus estimates of $0.71 by $0.02. Chatham Lodging Trust had a return on equity of 4.93% and a net margin of 11.72%. The company earned $78 million during the quarter, compared to the consensus estimate of $78.81 million. During the same period last year, the firm posted $0.71 EPS. The company’s revenue for the quarter was up 7.7% on a year-over-year basis. On average, analysts expect that Chatham Lodging Trust will post $2.30 EPS for the current fiscal year.

The company also recently announced a monthly dividend, which will be paid on Friday, November 25th. Investors 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 7.40%. The ex-dividend date is Thursday, October 27th. Chatham Lodging Trust’s dividend payout ratio (DPR) is 150.00%.

A number of hedge funds have recently made changes to their positions in the company. Ngam Advisors L.P. boosted its stake in shares of Chatham Lodging Trust by 4.6% in the first quarter. Ngam Advisors L.P. now owns 99,002 shares of the company’s stock valued at $2,122,000 after buying an additional 4,323 shares during the last quarter. 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 valued at $4,005,000 after buying an additional 481 shares during the last quarter. BlackRock Inc. boosted its stake in shares of Chatham Lodging Trust by 13.6% in the first quarter. BlackRock Inc. now owns 37,146 shares of the company’s stock valued at $796,000 after buying an additional 4,437 shares during 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 valued at $6,790,000 after buying an additional 8,436 shares during the last quarter. Finally, OMERS ADMINISTRATION Corp bought a new stake in shares of Chatham Lodging Trust during the first quarter valued at approximately $347,000. Institutional investors and hedge funds own 83.95% of the company’s stock.

About Chatham Lodging Trust

Related posts

Leave a Comment