The price of Chatham Lodging Trust (NYSE:CLDT) shares last traded on Wall Street fell -0.29% to $10.26.
Based on available information, 5 analysts follow Chatham Lodging Trust (NYSE:CLDT). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $16.00 and a low of $13.00, we find $15.00. Given the previous closing price of $10.29, this indicates a potential upside of 45.77 percent. CLDT stock price is now -19.65% away from the 50-day moving average and -16.31% away from the 200-day moving average. The market capitalization of the company currently stands at $519.26M.
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Among analysts, 1 rate the stock a hold while 3 rate it a buy. Brokers who have rated the stock have averaged $14.90 as their price target over the next twelve months.
With the price target of $19, Oppenheimer recently initiated with Outperform rating for Chatham Lodging Trust (NYSE: CLDT). On September 01, 2021, Barclays Upgraded its previous ‘Equal Weight’ rating to ‘Overweight’ on the stock keeping its target price maintained at $16, while ‘B. Riley Securities’ rates the stock as ‘Buy’.
In other news, FISHER JEFFREY H, Chairman, President and CEO bought 10,000 shares of the company’s stock on Mar 16. The stock was bought for $102,800 at an average price of $10.28. Upon completion of the transaction, the Chairman, President and CEO now directly owns 611,545 shares in the company, valued at $6.27 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 15, EVP & Chief Operating Officer CRAVEN DENNIS M bought 4,000 shares of the business’s stock. A total of $41,200 was incurred on buying the stock at an average price of $10.30. This leaves the insider owning 97,943 shares of the company worth $1.0 million. A total of 2.61% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in CLDT stock. A new stake in Chatham Lodging Trust shares was purchased by DONALD SMITH & CO., INC. during the first quarter worth $2,585,000. CORNERCAP INVESTMENT COUNSEL INC invested $733,000 in shares of CLDT during the first quarter. In the first quarter, GRAHAM CAPITAL MANAGEMENT, L.P. acquired a new stake in Chatham Lodging Trust valued at approximately $680,000. AMUNDI acquired a new stake in CLDT for approximately $513,000. TRUIST FINANCIAL CORP purchased a new stake in CLDT valued at around $390,000 in the second quarter. In total, there are 260 active investors with 87.60% ownership of the company’s stock.
A candlestick chart of Chatham Lodging Trust (NYSE: CLDT) showed a price of $10.29 on Thursday morning. During the past 12 months, Chatham Lodging Trust has had a low of $9.59 and a high of $15.04. The fifty day moving average price for CLDT is $12.77 and a two-hundred day moving average price translates $12.26 for the stock.
The latest earnings results from Chatham Lodging Trust (NYSE: CLDT) was released for Sep, 2022. According to the REIT – Hotel & Motel Company, earnings per share came in at $0.21, beating analysts’ expectations of $0.06 by 0.15. This compares to -$0.27 EPS in the same period last year. The net profit margin was 0.60% and return on equity was 0.20% for CLDT. The company reported revenue of $70.32 million for the quarter, compared to $57.32 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 22.68 percent. For the current quarter, analysts expect CLDT to generate $68.16M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 04/17/2023. Investors who held shares on 03/31/2023 were paid a $0.07 dividend. On an annualized basis, this represents a $0.28 dividend and a 2.73% percent yield. There was an ex-dividend date of 03/30/2023 for this dividend. In terms of dividend payout ratio, CLDT is presently at 184.30%.
Chatham Lodging Trust(CLDT) 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. At September, 30, 2020, The company owns interests in 86 hotels totaling 12,040 rooms/suites, comprised of 40 properties it wholly owns with an aggregate of 6,092 rooms/suites in 15 states and the District of Columbia and a minority investment in the Innkeepers joint ventures that owns 46 hotels with an aggregate of 5,948 rooms/suites.
