Insider Buying: Dennis M. Craven Purchases 2,000 Shares of Chatham Lodging Trust Stock (CLDT)
Chatham Lodging Trust (NASDAQ:CLDT) CFO Dennis M. Craven bought 2,000 shares of the company’s stock in a transaction that occurred on Friday, August 8th. The stock was purchased at an average price of $21.93 per share, with a total value of $43,860.00. Following the acquisition, the chief financial officer now directly owns 57,904 shares in the company, valued at approximately $1,269,835. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at JMP Securities raised their price target on shares of Chatham Lodging Trust from $24.00 to $27.00 in a research note on Friday, July 11th. They now have an “outperform” rating on the stock. Separately, 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. Finally, 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. Six analysts have rated the stock with a buy rating, The stock currently has an average rating of “Buy” and an average price target of $24.60.
Chatham Lodging Trust (NASDAQ:CLDT) traded up 1.75% on Friday, hitting $22.11. The stock had a trading volume of 174,629 shares. Chatham Lodging Trust has a one year low of $17.50 and a one year high of $23.29. The stock’s 50-day moving average is $21.74 and its 200-day moving average is $21.28. The company has a market cap of $584.5 million and a P/E ratio of 8.50.
Chatham Lodging Trust (NASDAQ:CLDT) last released its earnings data on Tuesday, August 5th. The company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.04. The company had revenue of $47.10 million for the quarter, compared to the consensus estimate of $43.82 million. During the same quarter in the previous year, the company posted $0.48 earnings per share. The company’s revenue for the quarter was up 53.2% on a year-over-year basis. On average, analysts predict that Chatham Lodging Trust will post $1.94 earnings per share for the current fiscal year.
The company also recently announced a aug 14 dividend, which is scheduled for Friday, September 26th. Stockholders of record on Friday, August 29th 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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