Chatham Lodging Trust (CLDT) Releases Earnings Results, Reports EPS of $0.46 EPS

Chatham Lodging Trust (CLDT) reported quarterly earnings results on Thursday, May-5-2016. The company reported $0.46 EPS for the quarter. Analysts had a consensus estimate of $0.46. The company posted revenue of $68.90 million in the period, compared to analysts expectations of $67.90 million. The company’s revenue was up 17.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.40 EPS.

Many Wall Street Analysts have commented on Chatham Lodging Trust. Stifel Resumed Chatham Lodging Trust on Mar 29, 2016 to “Hold”, Price Target of the shares are set at $26.Shares were Reiterated by Barclays on Mar 9, 2016 to “Overweight” and Lowered the Price Target to $ 24 from a previous price target of $25 .

Chatham Lodging Trust opened for trading at $21.57 and hit $22.02 on the upside on Wednesday, eventually ending the session at $21.93, with a gain of 1.95% or 0.42 points. The heightened volatility saw the trading volume jump to 2,37,520 shares. Company has a market cap of $841 M.

In a different news, 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.

Chatham Lodging Trust

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