Chatham Lodging Trust (CLDT) Declares Sep 13 Dividend of $0.07
Chatham Lodging Trust (NASDAQ:CLDT) declared a sep 13 dividend on Tuesday, September 10th, StockRatingsNetwork.com reports. Shareholders of record on Monday, September 30th will be given a dividend of $0.07 per share on Friday, October 25th.
On a related note, analysts at Zacks downgraded shares of Chatham Lodging Trust (NASDAQ:CLDT) from a “neutral” rating to an “underperform” rating in a research note to investors on Tuesday, July 9th. They now have a $16.50 price target on the stock.
One research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $19.88.
Chatham Lodging Trust (NASDAQ:CLDT) opened at 19.31 on Tuesday. Chatham Lodging Trust has a 1-year low of $12.74 and a 1-year high of $19.94. The stock has a 50-day moving average of $18.14 and a 200-day moving average of $17.84. The company’s market cap is $432.5 million.
Chatham Lodging Trust (NASDAQ:CLDT) last announced its earnings results on Monday, August 5th. The company reported $0.48 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.48. The company had revenue of $30.74 million for the quarter, compared to the consensus estimate of $29.91 million. During the same quarter in the prior year, the company posted $0.43 earnings per share. The company’s quarterly revenue was up 16.7% on a year-over-year basis.
Chatham Lodging Trust is a hotel investment company. The Company was formed to invest in extended-stay, select-service and full-service hotels.
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