Chatham Lodging Trust (CLDT) Declares Monthly Dividend of $0.11
Chatham Lodging Trust (NYSE:CLDT) declared a monthly dividend on Tuesday, October 11th. Stockholders of record on Monday, October 31st will be given a dividend of 0.11 per share on Friday, November 25th. This represents a $1.32 annualized dividend and a dividend yield of 7.33%. The ex-dividend date is Thursday, October 27th.
Chatham Lodging Trust (NYSE:CLDT) traded down 4.36% on Tuesday, hitting $18.00. 473,127 shares of the stock traded hands. Chatham Lodging Trust has a 12-month low of $16.12 and a 12-month high of $24.80. The stock has a 50-day moving average price of $19.87 and a 200 day moving average price of $21.31. The stock has a market cap of $688.34 million, a P/E ratio of 20.25 and a beta of 1.03.
Chatham Lodging Trust (NYSE:CLDT) last released its quarterly earnings data on Wednesday, August 3rd. The company reported $0.69 EPS for the quarter, missing analysts’ consensus estimates of $0.71 by $0.02. The business had revenue of $78 million for the quarter, compared to the consensus estimate of $78.81 million. Chatham Lodging Trust had a return on equity of 4.93% and a net margin of 11.72%. Chatham Lodging Trust’s revenue was up 7.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.71 earnings per share. On average, equities analysts expect that Chatham Lodging Trust will post $2.30 EPS for the current fiscal year.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/11/chatham-lodging-trust-cldt-declares-monthly-dividend-of-0-11.html
A number of research firms have recently commented on CLDT. FBR & Co reduced their price objective on shares of Chatham Lodging Trust from $23.00 to $22.00 and set a “hold” rating for the company in a report on Tuesday. Barclays PLC reduced their price objective on shares of Chatham Lodging Trust from $22.00 to $19.00 and set an “equal weight” rating for the company in a report on Tuesday. Zacks Investment Research raised shares of Chatham Lodging Trust from a “sell” rating to a “hold” rating in a report on Tuesday, July 12th. Cantor Fitzgerald reaffirmed a “buy” rating and set a $23.50 price objective on shares of Chatham Lodging Trust in a report on Monday, August 8th. Finally, SunTrust Banks Inc. reduced their price objective on shares of Chatham Lodging Trust from $20.00 to $19.00 and set a “neutral” rating for the company in a report on Thursday, August 4th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company. Chatham Lodging Trust presently has an average rating of “Hold” and a consensus price target of $22.42.
Institutional investors have recently made changes to their positions in the stock. WBI Investments Inc. bought a new stake in Chatham Lodging Trust during the second quarter valued at $1,989,000. Skandinaviska Enskilda Banken AB publ boosted its stake in Chatham Lodging Trust by 140.2% in the second quarter. Skandinaviska Enskilda Banken AB publ now owns 120,800 shares of the company’s stock valued at $2,655,000 after buying an additional 70,500 shares during the last quarter. BlackRock Inc. boosted its stake in Chatham Lodging Trust by 84.1% in the second quarter. BlackRock Inc. now owns 68,378 shares of the company’s stock valued at $1,502,000 after buying an additional 31,232 shares during the last quarter. Thrivent Financial for Lutherans boosted its stake in Chatham Lodging Trust by 23.1% in the second quarter. Thrivent Financial for Lutherans now owns 121,117 shares of the company’s stock valued at $2,662,000 after buying an additional 22,720 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Chatham Lodging Trust by 5.7% in the second quarter. Dimensional Fund Advisors LP now owns 393,858 shares of the company’s stock valued at $8,657,000 after buying an additional 21,119 shares during the last quarter. 83.95% of the stock is owned by hedge funds and other institutional investors.
Chatham Lodging Trust Company Profile
Chatham Lodging Trust is a real estate investment trust (REIT) organized to invest primarily in premium-branded upscale extended-stay and select-service hotels. The Company’s assets are held by, and all of its operations are conducted through Chatham Lodging, L.P (Operating Partnership). The Operating Partnership and its subsidiaries lease the Company’s hotels.
Receive News & Ratings for Chatham Lodging Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chatham Lodging Trust and related companies with MarketBeat.com's FREE daily email newsletter.