Chatham Lodging Trust Announces Monthly Dividend of $0.07 (CLDT)
Chatham Lodging Trust (NASDAQ:CLDT) announced a monthly dividend on Monday, January 13th, AmericanBankingNews.com reports. Investors of record on Friday, January 31st will be paid a dividend of 0.07 per share on Friday, February 28th. This represents a $0.84 annualized dividend and a dividend yield of 4.20%. The ex-dividend date is Wednesday, January 29th.
CLDT has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of Chatham Lodging Trust from an “outperform” rating to a “neutral” rating in a research note to investors on Monday, December 9th. They now have a $22.40 price target on the stock. On a related note, analysts at Stifel Nicolaus raised their price target on shares of Chatham Lodging Trust from $21.00 to $22.50 in a research note to investors on Tuesday, November 5th. They now have a “buy” rating on the stock. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $21.68.
Shares of Chatham Lodging Trust (NASDAQ:CLDT) traded down 0.85% during mid-day trading on Monday, hitting $19.85. 124,194 shares of the company’s stock traded hands. Chatham Lodging Trust has a 1-year low of $14.70 and a 1-year high of $21.48. The stock has a 50-day moving average of $20.20 and a 200-day moving average of $19.08. The company has a market cap of $509.2 million and a price-to-earnings ratio of 834.17.
Chatham Lodging Trust (NASDAQ:CLDT) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.02. The company had revenue of $35.40 million for the quarter, compared to the consensus estimate of $34.16 million. During the same quarter in the previous year, the company posted $0.46 earnings per share. The company’s revenue for the quarter was up 31.1% on a year-over-year basis. Analysts expect that Chatham Lodging Trust will post $1.49 EPS for the current fiscal year.
Chatham Lodging Trust is a hotel investment company. The Company was formed to invest in extended-stay, select-service and full-service hotels.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.