Chatham Lodging Trust (NYSE:CLDT) announced a monthly dividend on Friday, November 8th, Zacks reports. Shareholders of record on Friday, November 29th will be paid a dividend of 0.11 per share by the real estate investment trust on Friday, December 27th. This represents a $1.32 dividend on an annualized basis and a yield of 7.40%. The ex-dividend date of this dividend is Wednesday, November 27th.
Shares of Chatham Lodging Trust stock opened at $17.84 on Monday. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.74. The business has a 50-day moving average price of $17.87 and a two-hundred day moving average price of $18.27. Chatham Lodging Trust has a 1-year low of $16.29 and a 1-year high of $21.74. The company has a market cap of $834.79 million, a P/E ratio of 9.15 and a beta of 1.06.
Chatham Lodging Trust (NYSE:CLDT) last issued its quarterly earnings results on Thursday, October 31st. The real estate investment trust reported $0.21 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.57 by ($0.36). Chatham Lodging Trust had a return on equity of 2.62% and a net margin of 6.31%. The business had revenue of $90.08 million for the quarter, compared to analyst estimates of $89.05 million. Equities research analysts forecast that Chatham Lodging Trust will post 1.83 EPS for the current fiscal year.
A number of equities analysts have recently issued reports on the stock. BMO Capital Markets assumed coverage on shares of Chatham Lodging Trust in a research report on Wednesday, October 16th. They set a “market perform” rating and a $17.00 price objective on the stock. B. Riley cut their price objective on shares of Chatham Lodging Trust from $20.00 to $19.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. Barclays set a $18.00 price objective on shares of Chatham Lodging Trust and gave the stock a “hold” rating in a research report on Monday, August 12th. Zacks Investment Research raised shares of Chatham Lodging Trust from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a research report on Monday, November 4th. Finally, ValuEngine raised shares of Chatham Lodging Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. Chatham Lodging Trust has an average rating of “Hold” and a consensus target price of $18.50.
Chatham Lodging Trust 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 137 hotels totaling 18,783 rooms/suites, comprised of 42 properties it wholly owns with an aggregate of 6,283 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 12,500 rooms/suites.
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