Chatham Lodging Trust Plans Oct 13 Dividend of $0.07 (CLDT)
Chatham Lodging Trust (NASDAQ:CLDT) announced a oct 13 dividend on Thursday, October 10th, StockRatingsNetwork.com reports. Investors of record on Thursday, October 31st will be paid a dividend of $0.07 per share on Friday, November 29th.
CLDT has been the subject of a number of recent research reports. Analysts at Cantor Fitzgerald initiated coverage on shares of Chatham Lodging Trust in a research note to investors on Monday. They set a “buy” rating and a $21.50 price target on the stock. Analysts at Zacks upgraded shares of Chatham Lodging Trust from an “underperform” rating to a “neutral” rating in a research note to investors on Friday, September 13th. They now have a $19.90 price target on the stock. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $20.88.
Chatham Lodging Trust (NASDAQ:CLDT) opened at 18.28 on Thursday. Chatham Lodging Trust has a 52 week low of $12.74 and a 52 week high of $19.97. The stock has a 50-day moving average of $18.65 and a 200-day moving average of $18.15. The company’s market cap is $409.4 million.
Chatham Lodging Trust (NASDAQ:CLDT) last posted its quarterly 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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