Chatham Lodging upgraded by Stifel with a new price target
$CLDT
Real Estate Investment Trusts
Real Estate
Stifel upgraded Chatham Lodging from Hold to Buy and set a new price target of $14.50 from $14.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 7/20/2023 | Outperform → Perform | Oppenheimer | |
| 4/22/2022 | $19.00 | Outperform | Oppenheimer |
| 9/1/2021 | $16.00 | Equal Weight → Overweight | Barclays |
| 8/4/2021 | $15.00 | Neutral → Buy | B. Riley Securities |
RevPAR Growth Accelerates in September and October Chatham Lodging Trust (NYSE:CLDT), a lodging real estate investment trust (REIT) that invests in upscale, extended-stay hotels and premium-branded, select-service hotels, today announced results for the third quarter ended September 30, 2024. Third Quarter 2024 Operating Results Portfolio Revenue Per Available Room (RevPAR) – Generated RevPAR growth of 2.1 percent excluding hotels under renovation during the 2024 and 2023 third quarters, as well as the Home2 Phoenix Downtown that opened in January 2024. RevPAR increased 1.3 percent to $150 compared to the 2023 third quarter for the 38 comparable hotels. Average daily rate (ADR) was up
Chatham Lodging Trust (NYSE:CLDT), a lodging real estate investment trust (REIT) that invests in upscale, extended-stay hotels and premium-branded, select-service hotels and owns 39 hotels, today announced that it will report third quarter 2024 financial results on Thursday, November 7, 2024, before the opening of the market. That same day at 10:00 a.m. ET, Jeffrey H. Fisher, Chatham's chief executive officer, Dennis M. Craven, executive vice president and chief operating officer, and Jeremy Wegner, senior vice president and chief financial officer, will host a conference call to review third quarter 2024 financial results. Shareholders and other interested parties may listen to a simultan
Chatham Lodging Trust (NYSE:CLDT), a lodging real estate investment trust (REIT) that invests in upscale, extended-stay hotels and premium-branded, select-service hotels and owns 39 hotels, today announced that its board of trustees declared a quarterly common share dividend of $0.07 per common share, as well as a quarterly preferred share dividend of $0.41406 per preferred share, payable on October 15, 2024, to shareholders of record as of September 30, 2024. About Chatham Lodging Trust Chatham Lodging Trust is a self-advised, publicly traded real estate investment trust (REIT) focused primarily on investing in upscale, extended-stay hotels and premium-branded, select-service hotels. T
4 - Chatham Lodging Trust (0001476045) (Issuer)
Oppenheimer downgraded Chatham Lodging from Outperform to Perform
Oppenheimer initiated coverage of Chatham Lodging with a rating of Outperform and set a new price target of $19.00
Barclays upgraded Chatham Lodging from Equal Weight to Overweight and set a new price target of $16.00
Chatham Lodging Trust (NYSE:CLDT), a hotel real estate investment trust (REIT) focused on investing in upscale, extended-stay hotels and premium-branded, select-service hotels, today announced RevPAR grew a strong 5 percent quarter-to-date through May, well above its second quarter guidance of 2.5 to 4.0 percent. RevPAR gained 5 percent in both April and May. Key RevPAR growth metrics (excluding the recently acquired Home2 Phoenix Downtown): April occupancy was up 6 percent to 83 percent with average daily rate (ADR) down 1 percent to $177 May occupancy was up 4 percent to 82 percent, and ADR also increased 1 percent to $182 RevPAR growth for the Silicon Valley and Bellevue hotels surg
2024 Second Quarter Guidance The company's 2024 second quarter guidance reflects the following assumptions: No renovations. Repayment of the $29 million maturing mortgage during April on the Anaheim Residence Inn using available cash. $50 million of incremental borrowings on Chatham's term loan on May 3, 2024. $60 million of CMBS debt issuance during the second half of May No additional acquisitions, dispositions, debt or equity issuance Q2 2024 RevPAR $149 - $151 RevPAR growth 2.5% to 4.0% Total hotel revenue $84.3-$85.4 M Net income (loss) $2.1
10-Q - Chatham Lodging Trust (0001476045) (Filer)
8-K - Chatham Lodging Trust (0001476045) (Filer)
10-Q - Chatham Lodging Trust (0001476045) (Filer)
SC 13G/A - Chatham Lodging Trust (0001476045) (Subject)
SC 13G - Chatham Lodging Trust (0001476045) (Subject)
SC 13G/A - Chatham Lodging Trust (0001476045) (Subject)
4 - Chatham Lodging Trust (0001476045) (Issuer)
4 - Chatham Lodging Trust (0001476045) (Issuer)
4 - Chatham Lodging Trust (0001476045) (Issuer)
RevPAR Growth Accelerates in September and October Chatham Lodging Trust (NYSE:CLDT), a lodging real estate investment trust (REIT) that invests in upscale, extended-stay hotels and premium-branded, select-service hotels, today announced results for the third quarter ended September 30, 2024. Third Quarter 2024 Operating Results Portfolio Revenue Per Available Room (RevPAR) – Generated RevPAR growth of 2.1 percent excluding hotels under renovation during the 2024 and 2023 third quarters, as well as the Home2 Phoenix Downtown that opened in January 2024. RevPAR increased 1.3 percent to $150 compared to the 2023 third quarter for the 38 comparable hotels. Average daily rate (ADR) was up
Chatham Lodging Trust (NYSE:CLDT), a lodging real estate investment trust (REIT) that invests in upscale, extended-stay hotels and premium-branded, select-service hotels and owns 39 hotels, today announced that it will report third quarter 2024 financial results on Thursday, November 7, 2024, before the opening of the market. That same day at 10:00 a.m. ET, Jeffrey H. Fisher, Chatham's chief executive officer, Dennis M. Craven, executive vice president and chief operating officer, and Jeremy Wegner, senior vice president and chief financial officer, will host a conference call to review third quarter 2024 financial results. Shareholders and other interested parties may listen to a simultan
Chatham Lodging Trust (NYSE:CLDT), a lodging real estate investment trust (REIT) that invests in upscale, extended-stay hotels and premium-branded, select-service hotels and owns 39 hotels, today announced that its board of trustees declared a quarterly common share dividend of $0.07 per common share, as well as a quarterly preferred share dividend of $0.41406 per preferred share, payable on October 15, 2024, to shareholders of record as of September 30, 2024. About Chatham Lodging Trust Chatham Lodging Trust is a self-advised, publicly traded real estate investment trust (REIT) focused primarily on investing in upscale, extended-stay hotels and premium-branded, select-service hotels. T
NEW YORK, June 7, 2024 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Monday, June 24, to coincide with the quarterly rebalance. The changes ensure each index is more representative of its market capitalization range. All companies being added to the S&P 500 are more representative of the large-cap market space, all companies being added to the S&P MidCap 400 are more representative of the mid-cap market space, and all companies being added to the S&P SmallCap 600 are more representative of the small-cap market space. The companies being removed from the S
Chatham Lodging Trust (NYSE:CLDT), a lodging real estate investment trust (REIT) that invests in upscale, extended-stay hotels and premium-branded, select-service hotels and owns 41 hotels, today announced the appointment of Ethel Isaacs Williams and David J. Grissen to the company's board of trustees, effective immediately. Both Williams and Grissen will serve as independent directors. These new additions will further strengthen the leadership expertise, skillsets and diversity represented on the company's board of trustees as the company strives to create value for all stakeholders. Ms. Williams recently served from 2017-2020 as senior vice president at Kaufman Lynn Construction, one of