Chatham Lodging Trust Reaches New 12-Month High at $19.95 (CLDT)
Chatham Lodging Trust (NASDAQ:CLDT)’s share price reached a new 52-week high on Wednesday, Analyst Ratings Network.com reports. The company traded as high as $19.95 and last traded at $19.76, with a volume of 67,232 shares traded. The stock had previously closed at $19.70.
Separately, 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 equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company’s stock. Chatham Lodging Trust currently has a consensus rating of “Buy” and a consensus price target of $19.88.
Chatham Lodging Trust has a 52 week low of $12.74 and a 52 week high of $19.94. The stock has a 50-day moving average of $18.17 and a 200-day moving average of $17.87. The company’s market cap is $443.0 million.
Chatham Lodging Trust (NASDAQ:CLDT) last released its earnings data 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.
The company also recently declared a monthly dividend, which is scheduled for Friday, October 25th. Stockholders of record on Monday, September 30th will be given a dividend of $0.07 per share. This represents a $0.84 dividend on an annualized basis and a yield of 4.25%. The ex-dividend date of this dividend is Thursday, September 26th.
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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