Positive News Coverage Somewhat Unlikely to Affect Chatham Lodging Trust (CLDT) Stock Price

News coverage about Chatham Lodging Trust (NYSE:CLDT) has trended positive recently, Accern reports. Accern identifies negative and positive media coverage by monitoring more than twenty million blog and news sources. 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 media sentiment score of 0.32 on Accern’s scale. Accern also gave news articles about the real estate investment trust an impact score of 46.2103164219294 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

These are some of the media stories that may have impacted Accern Sentiment’s scoring:

Several equities research analysts have recently weighed in on CLDT shares. Cantor Fitzgerald reaffirmed a “hold” rating and issued a $20.00 price target on shares of Chatham Lodging Trust in a research report on Thursday, September 21st. BidaskClub raised shares of Chatham Lodging Trust from a “hold” rating to a “buy” rating in a research report on Tuesday, September 26th. Zacks Investment Research cut shares of Chatham Lodging Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, October 3rd. Barclays upped their price target on shares of Chatham Lodging Trust from $21.00 to $22.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 1st. Finally, B. Riley reaffirmed a “neutral” rating on shares of Chatham Lodging Trust in a research report on Thursday, November 2nd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $21.25.

Shares of Chatham Lodging Trust (CLDT) opened at $22.60 on Tuesday. Chatham Lodging Trust has a 52-week low of $18.66 and a 52-week high of $23.91. The firm has a market cap of $1,025.42, a P/E 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 (NYSE:CLDT) last announced its quarterly earnings results on Tuesday, October 31st. The real estate investment trust reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.01. Chatham Lodging Trust had a net margin of 9.03% and a return on equity of 3.90%. The firm had revenue of $81.40 million during the quarter, compared to analysts’ expectations of $80.12 million. During the same quarter in the prior year, the company earned $0.71 EPS. The company’s revenue was up 2.1% compared to the same quarter last year. research analysts expect that Chatham Lodging Trust will post 2.16 earnings per share for the current fiscal year.

The company also recently announced a monthly dividend, which will be paid on Friday, February 23rd. Investors of record on Wednesday, January 31st will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Tuesday, January 30th. This represents a $1.32 dividend on an annualized basis and a yield of 5.84%. Chatham Lodging Trust’s payout ratio is 194.12%.

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Chatham Lodging Trust 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). 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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