Insider Buying: Chatham Lodging Trust CEO Buys 10,000 Shares of Stock (CLDT)
Chatham Lodging Trust (NASDAQ:CLDT) CEO Jeffrey H. Fisher purchased 10,000 shares of Chatham Lodging Trust stock in a transaction that occurred on Tuesday, August 12th. The shares were purchased at an average price of $22.45 per share, with a total value of $224,500.00. Following the purchase, the chief executive officer now directly owns 663,170 shares in the company, valued at approximately $14,888,167. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of Chatham Lodging Trust (NASDAQ:CLDT) traded up 0.27% during mid-day trading on Tuesday, hitting $22.46. 186,038 shares of the company’s stock traded hands. Chatham Lodging Trust has a 52 week low of $17.54 and a 52 week high of $23.29. The stock has a 50-day moving average of $21.71 and a 200-day moving average of $21.31. The company has a market cap of $593.8 million and a P/E ratio of 8.77.
Chatham Lodging Trust (NASDAQ:CLDT) last announced its earnings results 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. Analysts expect that Chatham Lodging Trust will post $1.94 EPS for the current fiscal year.
The company also recently announced a aug 14 dividend, which is scheduled for Friday, September 26th. Investors of record on Friday, August 29th will be paid a dividend of $0.08 per share. This represents a dividend yield of 4.29%. The ex-dividend date is Wednesday, August 27th.
A number of research firms have recently commented on CLDT. 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 research analysts have rated the stock with a buy rating, The company currently has an average rating of “Buy” and an average price target of $24.60.
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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