News articles about Chatham Lodging Trust (NYSE:CLDT) have trended positive this week, according to AlphaOne. AlphaOne, a unit of Accern, identifies negative and positive press coverage by analyzing more than 20 million news and blog sources. AlphaOne ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Chatham Lodging Trust earned a media sentiment score of 0.36 on AlphaOne’s scale. AlphaOne also gave media stories about the real estate investment trust an impact score of 100 out of 100, meaning that recent press coverage is extremely likely to have an impact on the stock’s share price in the immediate future.
These are some of the news articles that may have impacted AlphaOne Sentiment Analysis’s scoring:
- CHATHAM LODGING TRUST (NYSE:CLDT) Files An 8-K Submission of Matters to a Vote of Security Holders (4-traders.com)
- The Chatham Lodging Trust (CLDT) Earning Positive Press Coverage, Study Shows – BangaloreWeekly (bangaloreweekly.com)
- The Chatham Lodging Trust (CLDT) Stock Rating Reaffirmed by FBR & Co – BangaloreWeekly (bangaloreweekly.com)
- The FBR & Co Reaffirms Hold Rating for Chatham Lodging Trust (CLDT) – BangaloreWeekly (bangaloreweekly.com)
- Chatham Lodging Trust (CLDT) Downgraded by Zacks Investment Research to Hold (americanbankingnews.com)
Shares of Chatham Lodging Trust (NYSE:CLDT) opened at 18.97 on Friday. The company has a market cap of $727.35 million, a price-to-earnings ratio of 22.32 and a beta of 0.98. The company’s 50-day moving average is $19.49 and its 200-day moving average is $19.83. Chatham Lodging Trust has a 12-month low of $16.45 and a 12-month high of $24.80.
Chatham Lodging Trust (NYSE:CLDT) last released its quarterly earnings data on Tuesday, May 9th. The real estate investment trust reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.02. The firm had revenue of $69.22 million for the quarter, compared to analysts’ expectations of $69.16 million. Chatham Lodging Trust had a net margin of 11.34% and a return on equity of 4.82%. The company’s revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter last year, the business posted $0.46 earnings per share. Equities research analysts predict that Chatham Lodging Trust will post $0.73 earnings per share for the current year.
The business also recently disclosed a monthly dividend, which will be paid on Friday, June 30th. Stockholders of record on Wednesday, May 31st will be given a dividend of $0.11 per share. This represents a $1.32 annualized dividend and a dividend yield of 6.96%. The ex-dividend date of this dividend is Friday, May 26th. Chatham Lodging Trust’s payout ratio is currently 155.30%.
Several research firms have recently issued reports on CLDT. FBR & Co reissued a “hold” rating and issued a $20.00 price target on shares of Chatham Lodging Trust in a research report on Friday, May 12th. Zacks Investment Research lowered shares of Chatham Lodging Trust from a “buy” rating to a “hold” rating in a report on Monday, May 15th. Cantor Fitzgerald reaffirmed a “hold” rating and set a $19.00 target price on shares of Chatham Lodging Trust in a report on Monday, March 6th. Stifel Nicolaus upped their target price on shares of Chatham Lodging Trust to $19.00 in a report on Thursday, February 23rd. Finally, Barclays PLC reaffirmed a “hold” rating and set a $21.00 target price on shares of Chatham Lodging Trust in a report on Tuesday, February 14th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Chatham Lodging Trust has an average rating of “Hold” and a consensus price target of $19.60.
Chatham Lodging Trust Company Profile
Chatham Lodging Trust is a real estate investment trust. The Company invests primarily in upscale extended-stay and premium-branded select-service hotels. All of the Company’s assets are held by, and all of its operations are conducted through Chatham Lodging, L.P. (the Operating Partnership). As of December 31, 2016, the Company owned 38 hotels with an aggregate of 5,712 rooms located in 15 states and the District of Columbia.
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