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CLDT

Chatham Lodging Trust

https://www.chathamlodgingtrust.com

Industry

REIT - Hotel & Motel

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.

Open

8.83

Mkt cap

444M

Volume

200K

High

9.08

P/E Ratio

-41.23

52-wk high

11.32

Low

8.83

Div yield

0.03

52-wk low

7.60

Barclays analyst Anthony Powell maintains an Overweight rating on Chatham Lodging (NYSE:CLDT) but lowers the price target from $13 to $12.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 1:05 pm

Chatham Lodging Trust anticipates its Q1 adjusted Funds From Operations (FFO) per share to be in the range of $0.10-$0.14, which is below the estimated $0.16.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 11:34 am

Chatham Lodging (NYSE:CLDT) reported Q4 AFFO per share of $0.19, surpassing the $0.15 estimate, and sales of $72.28M, exceeding the $70.69M estimate. This represents a 5% decrease in AFFO per share year-over-year but a 2.78% increase in sales.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 11:31 am

Numerous companies are scheduled to report their earnings on February 27, 2024, covering a wide range of industries from technology and healthcare to energy and financial services. The report includes a mix of expected quarterly losses and earnings, highlighting the diverse financial health and performance outlooks within the corporate landscape.

Portfolio Pulse from Benzinga Insights

February 27, 2024 | 10:01 am

Chatham Lodging Trust (CLDT), a hotel REIT, has sold the Hilton Garden Inn Denver Tech Center for approximately $18 million. The planned $6 million renovation for 2023 was not completed due to the sale. Proceeds will be used for corporate investments and debt repayment.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 2:15 pm

Chatham Lodging (NYSE:CLDT) reported Q3 adjusted funds from operations of $0.40 per share, a 20% decrease YoY. However, the company's quarterly sales of $86.74M beat the analyst consensus estimate of $86.29M by 0.52%, despite being a 1.31% decrease YoY.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 10:32 am

Hersha Hospitality Trust (HT) announced a merger with KSL Capital Partners, with KSL acquiring all outstanding common shares of Hersha for $10 per share in an all-cash transaction of $1.4 billion. This is a 60% premium over Hersha's closing price on Aug. 25. The news triggered buying on several other hotel REITs, including Braemar Hotels & Resorts (BHR), Ashford Hospitality Trust (AHT), and Chatham Lodging Trust (CLDT). Other Hotel REITs with notable sympathy price changes were Summit Hotel Properties (INN), Xenia Hotels & Resorts (XHR), and Diamondrock Hospitality (DRH).

Portfolio Pulse from Ethan Roberts

August 30, 2023 | 10:00 am

Chatham Lodging Trust (CLDT) has announced that it will not be providing guidance at this time due to the uncertainty surrounding the hotel industry.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 10:50 am

Chatham Lodging (NYSE:CLDT) reported Q2 AFFO of $0.43 per share, beating the analyst consensus estimate of $0.39 by 10.26%. This is a 4.88% increase from the same period last year. The company also reported quarterly sales of $84.48 million, beating the analyst consensus estimate of $84.06 million by 0.49%. This is a 3.32% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 10:49 am

Chatham Lodging (NYSE:CLDT) has received various analyst ratings in the last quarter, with 1 bullish, 2 somewhat bullish, and 1 indifferent. Over the past 3 months, 4 analysts have offered 12-month price targets for Chatham Lodging, with an average price target of $13.75, a decrease of 10.31% from the previous average price target of $15.33.

Portfolio Pulse from Benzinga Insights

July 27, 2023 | 6:01 pm

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