JMP Securities Increases Chatham Lodging Trust Price Target to $27.00 (CLDT)
Equities researchers at JMP Securities lifted their price objective on shares of Chatham Lodging Trust (NASDAQ:CLDT) to $27.00 in a research report issued on Friday. The firm currently has an “outperform” rating on the stock. JMP Securities’ target price indicates a potential upside of 23.18% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Barclays initiated coverage on shares of Chatham Lodging Trust in a research note on Thursday, July 3rd. They set an “overweight” rating and a $26.00 price target on the stock. Separately, analysts at FBR Capital Markets raised their price target on shares of Chatham Lodging Trust from $25.00 to $26.00 in a research note on Wednesday, June 18th. They now have an “outperform” rating on the stock. Finally, analysts at Zacks upgraded shares of Chatham Lodging Trust from a “neutral” rating to an “outperform” rating in a research note on Wednesday, June 11th. They now have a $24.70 price target on the stock. Seven investment analysts have rated the stock with a buy rating, The stock currently has an average rating of “Buy” and a consensus price target of $24.62.
Shares of Chatham Lodging Trust (NASDAQ:CLDT) traded down 0.50% on Friday, hitting $21.81. The stock had a trading volume of 41,494 shares. Chatham Lodging Trust has a 52 week low of $17.22 and a 52 week high of $23.29. The stock’s 50-day moving average is $22.43 and its 200-day moving average is $21.13. The company has a market cap of $571.7 million and a P/E ratio of 197.48.
Chatham Lodging Trust (NASDAQ:CLDT) last posted its quarterly earnings results on Friday, May 9th. The company reported $0.28 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.28. The company had revenue of $36.87 million for the quarter, compared to the consensus estimate of $34.42 million. During the same quarter in the previous year, the company posted $0.26 earnings per share. The company’s revenue for the quarter was up 43.0% on a year-over-year basis. Analysts expect that Chatham Lodging Trust will post $1.83 EPS for the current fiscal year.
The company also recently announced a jul 14 dividend, which is scheduled for Friday, August 29th. Shareholders of record on Thursday, July 31st will be paid a dividend of $0.08 per share.
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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