According to Zacks, “Chatham Lodging Trust is a self-advised hotel REIT, formed to invest in premium-branded upscale extended-stay and select-service hotels. The Company intends to invest primarily in hotels in large metropolitan markets in the United States. Chatham Lodging Trust expects that a significant portion of its portfolio will consist of hotels in the upscale extended-stay market, including brands such as Residence Inn by Marriott, Homewood Suites by Hilton and Summerfield Suites by Hyatt. It also intends to invest in premium-branded select-service hotels such as Courtyard by Marriott, Hampton Inn and Hampton Inn and Suites. “
CLDT has been the topic of several other reports. TheStreet downgraded shares of Chatham Lodging Trust from a b rating to a c+ rating in a research note on Thursday, March 7th. B. Riley set a $20.00 target price on shares of Chatham Lodging Trust and gave the stock a hold rating in a research note on Tuesday, February 26th. Four analysts have rated the stock with a hold rating, The company currently has a consensus rating of Hold and a consensus price target of $20.00.
Chatham Lodging Trust (NYSE:CLDT) last announced its earnings results on Wednesday, May 1st. The real estate investment trust reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.29). Chatham Lodging Trust had a return on equity of 3.77% and a net margin of 9.35%. The business had revenue of $75.68 million for the quarter, compared to analysts’ expectations of $73.69 million. On average, research analysts forecast that Chatham Lodging Trust will post 1.85 earnings per share for the current fiscal year.
The company also recently disclosed a monthly dividend, which will be paid on Friday, May 31st. Shareholders of record on Tuesday, April 30th will be given a $0.11 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 6.55%. The ex-dividend date of this dividend is Monday, April 29th. Chatham Lodging Trust’s dividend payout ratio is presently 67.69%.
Several large investors have recently made changes to their positions in CLDT. Private Capital Group LLC increased its position in shares of Chatham Lodging Trust by 2,733.8% in the 1st quarter. Private Capital Group LLC now owns 1,927 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 1,859 shares during the last quarter. PNC Financial Services Group Inc. increased its position in shares of Chatham Lodging Trust by 112.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,699 shares of the real estate investment trust’s stock valued at $66,000 after purchasing an additional 1,954 shares during the last quarter. Advisory Services Network LLC increased its position in shares of Chatham Lodging Trust by 1,548.8% in the 4th quarter. Advisory Services Network LLC now owns 4,930 shares of the real estate investment trust’s stock valued at $87,000 after purchasing an additional 4,631 shares during the last quarter. Quantamental Technologies LLC purchased a new stake in shares of Chatham Lodging Trust in the 4th quarter valued at approximately $90,000. Finally, Eii Capital Management Inc. purchased a new stake in shares of Chatham Lodging Trust in the 4th quarter valued at approximately $91,000. 85.15% of the stock is currently owned by institutional investors.
Chatham Lodging Trust Company Profile
Chatham Lodging Trust is a self-advised, publicly-traded real estate investment trust focused primarily on investing in upscale, extended-stay hotels and premium-branded, select-service hotels. The company owns interests in 137 hotels totaling 18,783 rooms/suites, comprised of 42 properties it wholly owns with an aggregate of 6,283 rooms/suites in 15 states and the District of Columbia and a minority investment in two joint ventures that own 95 hotels with an aggregate of 12,500 rooms/suites.
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