Last $21.78 USD
Change Today -0.14 / -0.64%
Volume 149.4K
CLDT On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 07/11/14 All times are local (Market data is delayed by at least 15 minutes).

chatham lodging trust (CLDT) Snapshot

Open
$22.02
Previous Close
$21.92
Day High
$22.03
Day Low
$21.76
52 Week High
06/17/14 - $23.29
52 Week Low
08/1/13 - $17.22
Market Cap
574.8M
Average Volume 10 Days
244.1K
EPS TTM
$0.15
Shares Outstanding
26.4M
EX-Date
07/29/14
P/E TM
148.2x
Dividend
$0.96
Dividend Yield
3.99%
Current Stock Chart for CHATHAM LODGING TRUST (CLDT)

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chatham lodging trust (CLDT) Details

Chatham Lodging Trust is an equity real estate investment trust. The firm invests in the real estate markets of the United States. It primarily invests in premium-branded upscale extended-stay and select-service hotels to create its portfolio. Chatham Lodging Trust was founded on October 26, 2009 and is based in Palm Beach, Florida.

27 Employees
Last Reported Date: 03/11/14
Founded in 2009

chatham lodging trust (CLDT) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $1.4M
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $630.0K
Chief Investment Officer and Executive Vice P...
Total Annual Compensation: $630.0K
Compensation as of Fiscal Year 2013.

chatham lodging trust (CLDT) Key Developments

Chatham Lodging Trust Declares Dividend for July 2014 Payable on August 29, 2014

Chatham Lodging Trust announced that its board of trustees has declared a monthly common share dividend of $0.08 for July 2014. The common dividend is payable on August 29, 2014, to shareholders of record on July 31, 2014.

Chatham Lodging Trust Revises Earnings Guidance for the Full Year 2014; Provides Earnings Guidance for 2015

Chatham Lodging Trust revised earnings guidance for the full year 2014. For the period, the company expected revenue is to be in the range of $122 million to $124 compared to previous guidance of $115 million to $117 million, net income to be in the range of $3.7 million to $5.5 million compared to previous guidance of $12.5-$14.0 million, net income per diluted share in the range between from of $0.14 to 0.21 compared to previous guidance of $0.47 to $0.53 per share, adjusted EBITDA to be in the range of $78.5 million to $80.5 million compared to previous guidance of $68.0 million to $69.5 million, adjusted funds from operation to be in the range of $49.7 million to 51.5 million compared to previous guidance of $45.3 million to $46.8 million, adjusted FFO per diluted share to be in the range of $1.86-$1.93 compared to previous guidance of $1.71 to $1.77. Total hotel revenue is to in the range between from $176.5 million to $178.5 million. The company looks at 2014 where the midpoint of current FFO guidance is approximately $1.90-ish. On a full year basis, that number is between $2.05 and $2.10. The company expects adjusted EBITDA of approximately $98 million to $100 million, and adjusted FFO of $62 million to $64 million, which equates to about $2.30 to $2.36 of FFO.

Chatham Lodging Mulls Acquisitions

Chatham Lodging Trust (NYSE:CLDT) intends to make acquisitions. The company stated that it has a good pipeline for acquisitions. Jeffrey H. Fisher, Chatham's Chairman, Chief Executive Officer and President said: “Our long-term stated goal is to build Chatham into the premier, select-service and upscale, extended-stay lodging REIT. To date, we have successfully created significant value for our shareholders by making, in our view, disciplined acquisitions at attractive pricing. With historically low interest rates and our belief that there is still running room in this cycle, we will continue to look at opportunities to grow our hotel portfolio with the right balance of leverage and equity capital.”

 

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