Revenue Update on Chatham Lodging Trust(NYSE:CLDT)

Chatham Lodging Trust(NYSE:CLDT) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Aug 3, 2016. Company reported revenue of $78.00M. Analysts estimated a revenue of $78.81M. Earnings per share were $0.69. Analysts had estimated an EPS of $0.71.

Chatham Lodging Trust (CLDT) shares turned negative on Fridays trading session with the shares closing down -0.07 points or -0.33% at a volume of 1,25,974. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $21.75. The peak price level was also seen at $21.75 while the days lowest was $21.31. Finally the shares closed at $21.39. The 52-week high of the shares is $24.8 while the 52-week low is $16.12. According to the latest information available, the market cap of the company is $820 M.

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.

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