Chatham Lodging Trust (CLDT) Receiving Positive Press Coverage, Report Shows

News coverage about Chatham Lodging Trust (NYSE:CLDT) has been trending positive on Tuesday, according to Accern Sentiment. The research group ranks the sentiment of media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Chatham Lodging Trust earned a daily sentiment score of 0.32 on Accern’s scale. Accern also assigned news stories about the real estate investment trust an impact score of 46.2103164219294 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

Here are some of the news stories that may have impacted Accern Sentiment’s analysis:

Shares of Chatham Lodging Trust (NYSE:CLDT) opened at $22.60 on Tuesday. The stock has a market cap of $1,025.42, a PE ratio of 33.24 and a beta of 1.06. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.42 and a quick ratio of 1.42. Chatham Lodging Trust has a 52-week low of $18.66 and a 52-week high of $23.91.

Chatham Lodging Trust (NYSE:CLDT) last released its quarterly earnings data on Tuesday, October 31st. The real estate investment trust reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.01. The company had revenue of $81.40 million during the quarter, compared to analysts’ expectations of $80.12 million. Chatham Lodging Trust had a net margin of 9.03% and a return on equity of 3.90%. The firm’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.71 EPS. equities research analysts anticipate that Chatham Lodging Trust will post 2.16 earnings per share for the current year.

The business also recently disclosed a monthly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Wednesday, January 31st will be given a $0.11 dividend. The ex-dividend date is Tuesday, January 30th. This represents a $1.32 annualized dividend and a yield of 5.84%. Chatham Lodging Trust’s dividend payout ratio (DPR) is 194.12%.

Several equities analysts recently commented on CLDT shares. BidaskClub downgraded shares of Chatham Lodging Trust from a “buy” rating to a “hold” rating in a report on Tuesday, October 3rd. B. Riley reiterated a “neutral” rating on shares of Chatham Lodging Trust in a report on Thursday, November 2nd. Zacks Investment Research downgraded shares of Chatham Lodging Trust from a “hold” rating to a “sell” rating in a report on Tuesday, October 3rd. Barclays reiterated a “hold” rating on shares of Chatham Lodging Trust in a report on Sunday, November 5th. Finally, Cantor Fitzgerald reiterated a “hold” rating and set a $20.00 price target on shares of Chatham Lodging Trust in a report on Thursday, September 21st. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $21.25.

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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 40 hotels with an aggregate of 5,939 rooms located in 16 states and the District of Columbia.

Insider Buying and Selling by Quarter for Chatham Lodging Trust (NYSE:CLDT)

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