The stock of Chatham Lodging Trust (NYSE:CLDT) is a huge mover today! Chatham Lodging Trust (NYSE:CLDT) has declined 10.42% since March 8, 2016 and is downtrending. It has underperformed by 19.74% the S&P500.
The move comes after 6 months negative chart setup for the $720.66M company. It was reported on Oct, 11 by Barchart.com. We have $17.33 PT which if reached, will make NYSE:CLDT worth $50.45M less.
Analysts await Chatham Lodging Trust (NYSE:CLDT) to report earnings on November, 3. They expect $0.75 EPS, down 1.32% or $0.01 from last year’s $0.76 per share. CLDT’s profit will be $29.01 million for 6.21 P/E if the $0.75 EPS becomes a reality. After $0.69 actual EPS reported by Chatham Lodging Trust for the previous quarter, Wall Street now forecasts 8.70% EPS growth.
Chatham Lodging Trust (NYSE:CLDT) Ratings Coverage
Out of 6 analysts covering Chatham Lodging (NYSE:CLDT), 2 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 33% are positive. Chatham Lodging has been the topic of 9 analyst reports since August 11, 2015 according to StockzIntelligence Inc. The stock of Chatham Lodging Trust (NYSE:CLDT) has “Equal-Weight” rating given on Thursday, August 4 by Barclays Capital. The firm earned “Market Outperform” rating on Tuesday, August 11 by JMP Securities. The stock of Chatham Lodging Trust (NYSE:CLDT) earned “Buy” rating by BB&T Capital on Friday, January 8. The stock has “Market Perform” rating given by FBR Capital on Thursday, August 4. As per Thursday, August 4, the company rating was maintained by SunTrust. FBR Capital initiated the stock with “Outperform” rating in Friday, November 20 report. The rating was reinitiated by Stifel Nicolaus on Tuesday, March 29 with “Hold”. Barclays Capital maintained the stock with “Overweight” rating in Wednesday, March 9 report.
According to Zacks Investment Research, “Chatham Lodging Trust is a self-advised hotel REIT, formed to invest in premium-branded upscale extended-stay and select-service hotels. The Company intends to invest primarily in hotels in large metropolitan markets in the United States. Chatham Lodging Trust expects that a significant portion of its portfolio will consist of hotels in the upscale extended-stay market, including brands such as Residence Inn by Marriott, Homewood Suites by Hilton and Summerfield Suites by Hyatt. It also intends to invest in premium-branded select-service hotels such as Courtyard by Marriott, Hampton Inn and Hampton Inn and Suites.”
Insitutional Activity: The institutional sentiment increased to 1.27 in Q2 2016. Its up 0.35, from 0.92 in 2016Q1. The ratio is positive, as 11 funds sold all Chatham Lodging Trust shares owned while 37 reduced positions. 8 funds bought stakes while 53 increased positions. They now own 30.71 million shares or 8.45% less from 33.54 million shares in 2016Q1.
Renaissance Technologies Limited Liability Corporation has 965,000 shares for 0.04% of their US portfolio. Teacher Retirement Systems Of Texas last reported 0% of its portfolio in the stock. California State Teachers Retirement Sys accumulated 78,701 shares or 0% of the stock. Advantus Capital Mgmt Inc holds 0.03% or 52,082 shares in its portfolio. Rhumbline Advisers has 47,669 shares for 0% of their US portfolio. Prudential has 0.01% invested in the company for 156,483 shares. Nj State Employees Deferred Compensation Plan accumulated 40,000 shares or 0.19% of the stock. Mufg Americas last reported 0% of its portfolio in the stock. Credit Agricole S A holds 14,262 shares or 0% of its portfolio. Clearbridge Investments Limited Liability Corp accumulated 600 shares or 0% of the stock. Zurcher Kantonalbank (Zurich Cantonalbank) has 1,808 shares for 0% of their US portfolio. Thompson Siegel And Walmsley Limited owns 569,289 shares or 0.2% of their US portfolio. 1492 Capital Mgmt Ltd Liability Corporation owns 12,948 shares or 0.26% of their US portfolio. Shinko Asset Mgmt Ltd accumulated 56,476 shares or 0.01% of the stock. State Street Corporation has invested 0% of its portfolio in Chatham Lodging Trust (NYSE:CLDT).
More notable recent Chatham Lodging Trust (NYSE:CLDT) news were published by: Streetinsider.com which released: “Chatham Lodging Trust (CLDT) Lowers Q3 Outlook” on October 10, 2016, also Forbes.com with their article: “Ex-Dividend Reminder: SunTrust Banks, Chatham Lodging Trust and Qualcomm” published on August 25, 2016, Businesswire.com published: “Chatham Lodging Trust Announces First Quarter 2016 Results” on May 05, 2016. More interesting news about Chatham Lodging Trust (NYSE:CLDT) were released by: Businesswire.com and their article: “Chatham Lodging Trust Announces Second Quarter 2016 Results” published on August 03, 2016 as well as Valuewalk.com‘s news article titled: “The Best Of The Best Monthly Dividend Stocks: Chatham Lodging Trust” with publication date: May 25, 2016.
CLDT Company Profile
Chatham Lodging Trust, incorporated on October 26, 2009, is a real estate investment trust (REIT) organized to invest primarily in premium-branded upscale extended-stay and select-service hotels. All of the Company’s assets are held by, and all of its activities are conducted through, Chatham Lodging, L.P (Operating Partnership). The Operating Partnership and its subsidiaries lease the Company’s hotels. The Firm owns approximately 40 hotels with over 5,680 (unaudited) rooms located in 15 states in the United States and the District of Columbia.
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