Chatham Lodging Trust (NYSE:CLDT – Get Rating) announced its quarterly earnings data on Wednesday. The real estate investment trust reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.30), MarketWatch Earnings reports. Chatham Lodging Trust had a negative return on equity of 3.73% and a negative net margin of 13.46%. During the same period in the previous year, the business earned ($0.15) EPS.
Shares of NYSE:CLDT opened at $12.92 on Friday. The stock’s 50-day moving average is $13.72 and its 200-day moving average is $13.45. Chatham Lodging Trust has a 52-week low of $11.00 and a 52-week high of $15.12. The company has a quick ratio of 3.62, a current ratio of 1.26 and a debt-to-equity ratio of 0.68.
Several brokerages recently issued reports on CLDT. TheStreet upgraded Chatham Lodging Trust from a “d+” rating to a “c-” rating in a report on Monday, April 18th. Zacks Investment Research upgraded Chatham Lodging Trust from a “hold” rating to a “buy” rating and set a $16.00 price objective for the company in a report on Tuesday, April 26th. Oppenheimer began coverage on Chatham Lodging Trust in a report on Thursday, April 21st. They set an “outperform” rating and a $19.00 target price on the stock. Finally, StockNews.com upgraded Chatham Lodging Trust from a “sell” rating to a “hold” rating in a report on Thursday. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $16.40.
Chatham Lodging Trust Company Profile (Get Rating)
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.
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