Press coverage about Chatham Lodging Trust (REIT) (NYSE:CLDT) has been trending positive on Friday, according to Accern. The research group identifies positive and negative news coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Chatham Lodging Trust (REIT) earned a media sentiment score of 0.28 on Accern’s scale. Accern also gave headlines about the real estate investment trust an impact score of 41 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the news headlines that may have impacted Accern Sentiment’s scoring:
- Chatham Lodging Trust breached its 50 day moving average in a Bearish Manner : CLDT-US : August 10, 2017 (finance.yahoo.com)
- Chatham Lodging Trust (REIT) (NYSE:CLDT) to Issue Monthly Dividend of $0.11 (americanbankingnews.com)
- Chatham Lodging Trust (REIT) o (NYSE:CLDT) Trading Down – Insider Trading Activity – Modern Readers (modernreaders.com)
- Insider Selling: Chatham Lodging Trust (REIT) (CLDT) Director Sells 2,566 Shares of Stock (americanbankingnews.com)
- Chesapeake Lodging Trust (CHSP) & Chatham Lodging Trust (REIT) (NYSE:CLDT) Head to Head Review (americanbankingnews.com)
Several equities research analysts have recently commented on CLDT shares. Zacks Investment Research upgraded Chatham Lodging Trust (REIT) from a “sell” rating to a “hold” rating in a research note on Monday, May 1st. FBR & Co restated a “hold” rating and set a $20.00 price target on shares of Chatham Lodging Trust (REIT) in a research note on Friday, May 12th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $19.75.
Shares of Chatham Lodging Trust (CLDT) traded down 2.29% on Friday, reaching $19.59. The company had a trading volume of 346,299 shares. Chatham Lodging Trust has a 12 month low of $16.45 and a 12 month high of $21.75. The company has a market capitalization of $767.30 million, a price-to-earnings ratio of 29.68 and a beta of 1.05. The stock has a 50 day moving average price of $20.32 and a 200-day moving average price of $19.93.
Chatham Lodging Trust (REIT) (NYSE:CLDT) last announced its earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.65 by $0.52. The business had revenue of $77.90 million for the quarter, compared to the consensus estimate of $77.84 million. Chatham Lodging Trust (REIT) had a net margin of 8.73% and a return on equity of 3.76%. The firm’s revenue was down .1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.69 EPS. Analysts forecast that Chatham Lodging Trust will post $0.59 EPS for the current fiscal year.
The firm also recently announced a monthly dividend, which will be paid on Friday, September 29th. Shareholders of record on Thursday, August 31st will be paid a dividend of $0.11 per share. This represents a $1.32 annualized dividend and a yield of 6.74%. The ex-dividend date of this dividend is Tuesday, August 29th. Chatham Lodging Trust (REIT)’s payout ratio is currently 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 on Tuesday, August 8th. The stock was sold at an average price of $20.37, for a total transaction of $52,269.42. Following the sale, the director now owns 33,258 shares of the company’s stock, valued at approximately $677,465.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.60% of the stock is owned by insiders.
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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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