Chatham Lodging Trust (NYSE:CLDT) had declared a cash dividend of $0.1100 on Jun 10, 2016. The shares will quote ex-dividend on Jun 28, 2016 and the record date has been fixed for Jun 30, 2016. On Jun 10, 2016 share price, the yield comes out to be 6.2001%. The dividend payable date has been fixed on Jul 29, 2016.
In a different note, On Mar 29, 2016, Stifel Nicolaus said it Assumes its rating on Chatham Lodging Trust. The shares have been rated ‘Hold’ by the firm.
Chatham Lodging Trust (CLDT) made into the market gainers list on Wednesdays trading session with the shares advancing 1.20% or 0.25 points. Due to strong positive momentum, the stock ended at $21.1, which is also near the day’s high of $21.4565. The stock began the session at $20.91 and the volume stood at 2,09,841 shares. The 52-week high of the shares is $28.85 and the 52 week low is $16.12. The company has a current market capitalization of $809 M and it has 3,83,49,109 shares in outstanding.
Chatham Lodging Trust(CLDT) last announced its earnings results on May 5, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $68.85M. Analysts had an estimated revenue of $68.12M. Earnings per share were $0.46. Analysts had estimated an EPS of $0.46.
Several Insider Transactions has been reported to the SEC. On Jun 8, 2015, Jeffrey H Fisher (CEO) purchased 10,000 shares at $27.00 per share price.
Chatham Lodging Trust is a self-advised 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 operations are conducted through Chatham Lodging L.P (Operating Partnership). The Operating Partnership and its subsidiaries lease the Company’s wholly owned hotels. As of December 31 2014 the Company owned 34 hotels with an aggregate of 5115 (unaudited) rooms located in 15 states in the United States and the District of Columbia. The Company primarily invests in upscale extended-stay hotels such as Homewood Suites by Hilton and Residence Inn by Marriott. It also invests in premium-branded select-service hotels such as Courtyard by Marriott Hampton Inn and Suites Hyatt Place Hilton Garden Inn by Hilton and SpringHill Suites by Marriott.