Chatham Lodging Trust Reaches New 12-Month High at $23.31 (CLDT)
Chatham Lodging Trust (NASDAQ:CLDT) hit a new 52-week high during trading on Friday , Analyst Ratings News reports. The stock traded as high as $23.31 and last traded at $23.05, with a volume of 112,069 shares trading hands. The stock had previously closed at $23.03.
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 investment analysts have rated the stock with a buy rating, Chatham Lodging Trust has an average rating of “Buy” and an average target price of $24.60.
The stock’s 50-day moving average is $21.73 and its 200-day moving average is $21.35. The company has a market cap of $617.3 million and a price-to-earnings ratio of 8.98.
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 declared a aug 14 dividend, which is scheduled for Friday, September 26th. Stockholders of record on Friday, August 29th will be given a dividend of $0.08 per share. This represents a yield of 4.29%. The ex-dividend date of this dividend is Wednesday, August 27th.
In other Chatham Lodging Trust news, CEO Jeffrey H. Fisher bought 10,000 shares of the company’s stock on the open market in a transaction dated Tuesday, August 12th. The stock was purchased at an average cost of $22.45 per share, for a total transaction of $224,500.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.
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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