ValuEngine upgraded shares of Chatham Lodging (NYSE:CLDT) from a hold rating to a buy rating in a research note published on Saturday, March 17th.
A number of other equities research analysts have also weighed in on CLDT. Zacks Investment Research raised shares of Chatham Lodging from a strong sell rating to a hold rating in a report on Tuesday, February 20th. B. Riley dropped their price objective on shares of Chatham Lodging from $21.00 to $20.00 and set a neutral rating on the stock in a report on Tuesday, February 27th. Barclays reissued a hold rating and set a $23.00 price objective on shares of Chatham Lodging in a report on Friday, December 15th. Cantor Fitzgerald set a $20.00 price objective on shares of Chatham Lodging and gave the company a hold rating in a report on Thursday, March 1st. Finally, Stifel Nicolaus reissued a hold rating and set a $20.00 price objective on shares of Chatham Lodging in a report on Tuesday, February 27th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus target price of $21.00.
NYSE CLDT traded up $0.16 on Friday, hitting $19.40. The stock had a trading volume of 266,821 shares, compared to its average volume of 362,816. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.66. Chatham Lodging has a 52-week low of $17.90 and a 52-week high of $23.91. The firm has a market capitalization of $869.19, a P/E ratio of 9.07 and a beta of 1.07.
Chatham Lodging (NYSE:CLDT) last released its quarterly earnings results on Monday, February 26th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by ($0.02). Chatham Lodging had a return on equity of 4.11% and a net margin of 9.86%. The firm had revenue of $70.32 million during the quarter, compared to analysts’ expectations of $68.50 million. During the same period in the prior year, the firm posted $0.44 earnings per share. Chatham Lodging’s revenue for the quarter was up 6.2% compared to the same quarter last year. sell-side analysts predict that Chatham Lodging will post 1.91 earnings per share for the current fiscal year.
The firm also recently announced a monthly dividend, which will be paid on Friday, May 25th. Investors of record on Monday, April 30th will be given a dividend of $0.11 per share. The ex-dividend date is Friday, April 27th. This represents a $1.32 dividend on an annualized basis and a yield of 6.80%. Chatham Lodging’s dividend payout ratio is presently 61.68%.
In other news, Chairman Jeffrey H. Fisher acquired 5,500 shares of the firm’s stock in a transaction on Wednesday, February 28th. The stock was acquired at an average price of $18.48 per share, for a total transaction of $101,640.00. Following the completion of the transaction, the chairman now owns 691,545 shares in the company, valued at approximately $12,779,751.60. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director C Gerald Goldsmith acquired 5,000 shares of the firm’s stock in a transaction on Monday, March 5th. The stock was purchased at an average price of $18.32 per share, with a total value of $91,600.00. Following the transaction, the director now owns 26,328 shares of the company’s stock, valued at approximately $482,328.96. The disclosure for this purchase can be found here. Insiders have purchased 14,715 shares of company stock valued at $270,485 over the last 90 days. 3.40% of the stock is currently owned by insiders.
Several hedge funds have recently added to or reduced their stakes in CLDT. Sterling Capital Management LLC purchased a new stake in Chatham Lodging during the 4th quarter valued at about $1,002,000. MetLife Investment Advisors LLC purchased a new stake in Chatham Lodging during the 4th quarter valued at about $428,000. Millennium Management LLC purchased a new stake in Chatham Lodging during the 4th quarter valued at about $8,829,000. Teachers Advisors LLC grew its stake in Chatham Lodging by 8.4% during the 4th quarter. Teachers Advisors LLC now owns 374,892 shares of the real estate investment trust’s stock valued at $8,533,000 after acquiring an additional 29,178 shares in the last quarter. Finally, California State Teachers Retirement System grew its stake in Chatham Lodging by 14.0% during the 4th quarter. California State Teachers Retirement System now owns 70,427 shares of the real estate investment trust’s stock valued at $1,603,000 after acquiring an additional 8,667 shares in the last quarter. 88.76% of the stock is owned by institutional investors and hedge funds.
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Chatham Lodging Company Profile
Chatham Lodging Trust is a self-advised, publicly-traded real estate investment trust focused primarily on investing in upscale, extended-stay hotels and premium-branded, select-service hotels. The company owns interests in 135 hotels totaling 18,516 rooms/suites, comprised of 40 properties it wholly owns with an aggregate of 6,018 rooms/suites in 15 states and the District of Columbia and a minority investment in two joint ventures that own 95 hotels with an aggregate of 12,498 rooms/suites.
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