News coverage about Chatham Lodging Trust (NYSE:CLDT) has been trending positive on Wednesday, 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 0.33 on Accern’s scale. Accern also assigned news stories about the real estate investment trust an impact score of 45.769453278431 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:
- Analysts Anticipate Chatham Lodging Trust (REIT) (CLDT) Will Post Quarterly Sales of $68.39 Million (americanbankingnews.com)
- Chatham Lodging Trust (REIT) (CLDT) Declares Monthly Dividend of $0.11 (americanbankingnews.com)
- Homewood Suites by Hilton Carlsbad, CA Sold for $33 Million (hotelnewsresource.com)
- Chatham Lodging Trust (CLDT) Sells Homewood Suites by Hilton Carlsbad, Calif. for $33M (streetinsider.com)
- BRIEF-Chatham Lodging Trust Sells Homewood Suites By Hilton Carlsbad, Calif. (CLDT) (markets.businessinsider.com)
CLDT has been the topic of several analyst reports. BidaskClub downgraded shares of Chatham Lodging Trust from a “buy” rating to a “hold” rating in a report on Tuesday, October 3rd. Barclays upped their target price on shares of Chatham Lodging Trust from $21.00 to $22.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 1st. Zacks Investment Research upgraded shares of Chatham Lodging Trust from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research note on Friday, October 6th. Finally, B. Riley restated a “neutral” rating on shares of Chatham Lodging Trust in a research note on Thursday, November 2nd. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $21.25.
Chatham Lodging Trust (NYSE:CLDT) last issued its earnings results on Tuesday, October 31st. The real estate investment trust reported $0.68 EPS for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.01. The business had revenue of $81.40 million for the quarter, compared to the consensus estimate of $80.12 million. Chatham Lodging Trust had a net margin of 9.03% and a return on equity of 3.90%. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.71 EPS. sell-side analysts anticipate that Chatham Lodging Trust will post 2.16 earnings per share for the current fiscal year.
The business also recently announced a monthly dividend, which will be paid on Friday, January 26th. Shareholders of record on Friday, December 29th will be paid a $0.11 dividend. The ex-dividend date is Thursday, December 28th. This represents a $1.32 dividend on an annualized basis and a yield of 5.77%. Chatham Lodging Trust’s dividend payout ratio is currently 197.01%.
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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.
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