Chatham Lodging Trust (CLDT) Director Sells $64,911.00 in Stock

Chatham Lodging Trust (NYSE:CLDT) Director C Gerald Goldsmith sold 3,300 shares of the stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $19.67, for a total transaction of $64,911.00. Following the completion of the sale, the director now owns 24,015 shares of the company’s stock, valued at approximately $472,375.05. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

CLDT stock opened at $20.15 on Thursday. Chatham Lodging Trust has a 12-month low of $17.29 and a 12-month high of $22.18. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.25 and a quick ratio of 1.25. The company has a market capitalization of $937.23 million, a price-to-earnings ratio of 10.33 and a beta of 1.22.

Chatham Lodging Trust (NYSE:CLDT) last released its earnings results on Wednesday, May 1st. The real estate investment trust reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.29). The company had revenue of $75.68 million during the quarter, compared to analysts’ expectations of $73.69 million. Chatham Lodging Trust had a return on equity of 3.64% and a net margin of 8.92%. On average, research analysts expect that Chatham Lodging Trust will post 1.87 earnings per share for the current fiscal year.

The firm also recently declared a monthly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, May 31st will be issued a dividend of $0.11 per share. The ex-dividend date is Thursday, May 30th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 6.55%. Chatham Lodging Trust’s dividend payout ratio is currently 67.69%.

A number of research firms have issued reports on CLDT. Zacks Investment Research upgraded shares of Chatham Lodging Trust from a “sell” rating to a “hold” rating in a research report on Monday, May 6th. B. Riley set a $20.00 target price on shares of Chatham Lodging Trust and gave the stock a “hold” rating in a research report on Tuesday, February 26th. Finally, TheStreet downgraded shares of Chatham Lodging Trust from a “b” rating to a “c+” rating in a research report on Thursday, March 7th. Four research analysts have rated the stock with a hold rating, The stock has an average rating of “Hold” and a consensus price target of $20.00.

Several institutional investors have recently added to or reduced their stakes in the company. Raymond James Financial Services Advisors Inc. raised its holdings in shares of Chatham Lodging Trust by 4.8% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 11,011 shares of the real estate investment trust’s stock valued at $212,000 after purchasing an additional 500 shares in the last quarter. Piedmont Investment Advisors Inc. raised its holdings in shares of Chatham Lodging Trust by 4.8% during the 4th quarter. Piedmont Investment Advisors Inc. now owns 11,059 shares of the real estate investment trust’s stock valued at $196,000 after purchasing an additional 503 shares in the last quarter. Mason Street Advisors LLC raised its holdings in shares of Chatham Lodging Trust by 3.5% during the 1st quarter. Mason Street Advisors LLC now owns 14,952 shares of the real estate investment trust’s stock valued at $288,000 after purchasing an additional 506 shares in the last quarter. Algert Global LLC raised its holdings in shares of Chatham Lodging Trust by 3.4% during the 1st quarter. Algert Global LLC now owns 20,766 shares of the real estate investment trust’s stock valued at $400,000 after purchasing an additional 686 shares in the last quarter. Finally, Comerica Bank raised its holdings in shares of Chatham Lodging Trust by 1.3% during the 4th quarter. Comerica Bank now owns 60,925 shares of the real estate investment trust’s stock valued at $1,221,000 after purchasing an additional 802 shares in the last quarter. Institutional investors and hedge funds own 84.76% of the company’s stock.

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About Chatham Lodging Trust

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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