Chatham Lodging Trust Stock Rating Upgraded by Zacks (CLDT)
Chatham Lodging Trust (NASDAQ:CLDT) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research note issued to investors on Friday, AR Network reports. The firm currently has a $19.90 price objective on the stock. Zacks‘ price target points to a potential upside of 2.58% from the company’s current price.
Chatham Lodging Trust (NASDAQ:CLDT) traded up 0.21% during mid-day trading on Friday, hitting $19.44. 45,852 shares of the company’s stock traded hands. Chatham Lodging Trust has a 1-year low of $12.74 and a 1-year high of $19.95. The stock has a 50-day moving average of $18.22 and a 200-day moving average of $17.89. The company’s market cap is $435.4 million.
Chatham Lodging Trust (NASDAQ:CLDT) last issued its quarterly 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 announced a monthly dividend, which is scheduled for Friday, October 25th. Shareholders of record on Monday, September 30th will be paid a dividend of $0.07 per share. This represents a $0.84 annualized dividend and a dividend yield of 4.33%. The ex-dividend date 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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