Media coverage about Chatham Lodging Trust (NYSE:CLDT) has been trending positive this week, according to Accern Sentiment Analysis. The research group rates the sentiment of media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Chatham Lodging Trust earned a coverage optimism score of 0.34 on Accern’s scale. Accern also assigned media coverage about the real estate investment trust an impact score of 46.3298937927684 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the news headlines that may have effected Accern’s analysis:
- Chatham Lodging Trust Refinances Unsecured Credit Facility (hotelinteractive.com)
- Chatham Boosts Flexibility With Credit Facility Refinancing (finance.yahoo.com)
- Financial Sector Update for 03/09/2018: GS,CLDT,HFWA – Nasdaq (nasdaq.com)
- Financial Sector Update for 03/09/2018: ACGL,AIG,GS,CLDT,HFWA – Nasdaq (nasdaq.com)
- Chatham Lodging Trust Refinances Unsecured Credit Facility, Reduces Interest Costs and Pushes Maturity to 2023 – Digital Journal (digitaljournal.com)
Chatham Lodging Trust (NYSE CLDT) traded up $0.02 during mid-day trading on Wednesday, hitting $19.47. 188,693 shares of the company traded hands, compared to its average volume of 369,281. Chatham Lodging Trust has a fifty-two week low of $17.90 and a fifty-two week high of $23.91. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.28 and a quick ratio of 1.28. The firm has a market capitalization of $896.71, a P/E ratio of 26.67 and a beta of 1.16.
The company also recently announced a monthly dividend, which will be paid on Friday, April 27th. Shareholders of record on Thursday, March 29th will be given a dividend of $0.11 per share. This represents a $1.32 dividend on an annualized basis and a yield of 6.78%. The ex-dividend date is Wednesday, March 28th. Chatham Lodging Trust’s dividend payout ratio is presently 180.82%.
A number of equities analysts have recently commented on the stock. Zacks Investment Research raised shares of Chatham Lodging Trust from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 20th. Barclays reissued a “hold” rating and set a $23.00 price target on shares of Chatham Lodging Trust in a report on Friday, December 15th. Stifel Nicolaus restated a “hold” rating and issued a $20.00 price objective on shares of Chatham Lodging Trust in a research report on Tuesday, February 27th. B. Riley lowered their price target on shares of Chatham Lodging Trust from $21.00 to $20.00 and set a “neutral” rating for the company in a research report on Tuesday, February 27th. Finally, Cantor Fitzgerald set a $20.00 price objective on shares of Chatham Lodging Trust and gave the company a “hold” rating in a report on Thursday, March 1st. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. Chatham Lodging Trust has a consensus rating of “Hold” and a consensus price target of $21.00.
In other Chatham Lodging Trust news, EVP Peter Willis bought 2,000 shares of the stock in a transaction dated Wednesday, February 28th. The shares were bought at an average cost of $18.30 per share, for a total transaction of $36,600.00. Following the purchase, the executive vice president now directly owns 68,233 shares of the company’s stock, valued at approximately $1,248,663.90. The purchase was disclosed in a document filed 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 that occurred on Monday, March 5th. The stock was purchased at an average cost of $18.32 per share, with a total value of $91,600.00. Following the acquisition, the director now owns 26,328 shares in the company, valued at approximately $482,328.96. The disclosure for this purchase can be found here. Insiders have acquired a total of 14,715 shares of company stock valued at $270,485 in the last three months. Insiders own 3.60% of the company’s stock.
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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). The Company owned 41 hotels with an aggregate of 6,163 rooms located in 16 states and the District of Columbia.
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