The stock of Chatham Lodging Trust (NYSE:CLDT) last traded at $8.52, down -0.47% from the previous session.
CLDT stock price is now -10.27% away from the 50-day moving average and -14.05% away from the 200-day moving average. The market capitalization of the company currently stands at $416.71M.
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On April 22, 2022, Oppenheimer recently initiated its ‘Outperform’ rating on the stock quoting a target price of $19, while ‘Barclays’ rates the stock as ‘Overweight’
In other news, Williams Ethel Isaacs, Director sold 2,000 shares of the company’s stock on Jun 09 ’23. The stock was sold for $19,840 at an average price of $9.92. Upon completion of the transaction, the Director now directly owns 10,205 shares in the company, valued at $86946.6. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 01 ’23, Director Brewer Edwin B JR bought 8,800 shares of the business’s stock. A total of $166,760 was incurred on buying the stock at an average price of $18.95. This leaves the insider owning 18,800 shares of the company worth $0.16 million. A total of 2.60% of the company’s stock is owned by insiders.
During the past 12 months, Chatham Lodging Trust has had a low of $8.41 and a high of $11.32. The fifty day moving average price for CLDT is $9.4636 and a two-hundred day moving average price translates $9.9072 for the stock.
The latest earnings results from Chatham Lodging Trust (NYSE: CLDT) was released for 2024-03-31. The net profit margin was -1.86% and return on equity was 0.28% for CLDT. The company reported revenue of $68.44 million for the quarter, compared to $67.61 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 1.23 percent.
