News headlines about Chatham Lodging Trust (NYSE:CLDT) have trended positive on Wednesday, Accern reports. Accern scores the sentiment of press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Chatham Lodging Trust earned a news impact score of 0.27 on Accern’s scale. Accern also assigned news headlines about the real estate investment trust an impact score of 46.6535632471915 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Shares of CLDT traded up $0.17 on Wednesday, reaching $21.33. The stock had a trading volume of 151,080 shares, compared to its average volume of 254,755. The stock has a market cap of $970.64 million, a P/E ratio of 9.97 and a beta of 1.06. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.39 and a quick ratio of 1.39. Chatham Lodging Trust has a twelve month low of $17.90 and a twelve month high of $23.91.
Chatham Lodging Trust (NYSE:CLDT) last released its quarterly earnings results on Tuesday, May 1st. The real estate investment trust reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.29). The firm had revenue of $74.03 million during the quarter, compared to analyst estimates of $70.78 million. Chatham Lodging Trust had a return on equity of 3.69% and a net margin of 9.12%. research analysts expect that Chatham Lodging Trust will post 1.93 EPS for the current fiscal year.
The company also recently declared a monthly dividend, which will be paid on Friday, July 27th. Investors of record on Friday, June 29th will be issued a $0.11 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 6.19%. The ex-dividend date of this dividend is Thursday, June 28th. Chatham Lodging Trust’s dividend payout ratio is currently 61.68%.
A number of equities analysts have recently issued reports on the company. Zacks Investment Research downgraded Chatham Lodging Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, June 12th. ValuEngine cut Chatham Lodging Trust from a “buy” rating to a “hold” rating in a report on Wednesday, May 2nd. Seven research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $21.00.
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 135 hotels totaling 18,518 rooms/suites, comprised of 40 properties it wholly owns with an aggregate of 6,020 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.
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.