Barclays Maintains an 'Overweight' on Chatham Lodging Trust (CLDT); Adjusting Numbers, But Outlook Stable
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Price: $19.20 -1.34%
Rating Summary:
0 Buy, 1 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Rating Summary:
0 Buy, 1 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Trade CLDT Now!
Barclays maintains an 'Overweight' on Chatham Lodging Trust (NYSE: CLDT) price target lowered from $21 to $19.
Analyst, Sule Sauvigne, said, "We are encouraged by the positive top-line trends at Chatham's properties, which should result in strong RevPAR growth in 2012. Challenges remain on the margin side which the company is working to overcome. Despite this, we still expect 2012 margin expansion of 240bps. Overall we continue to believe Chatham is well positioned."
Barclays lowers FY12 EPS estimate from $1.45 to $1.31 and FY13 from $1.69 to $1.60.
For an analyst ratings summary and ratings history on Chatham Lodging Trust click here. For more ratings news on Chatham Lodging Trust click here.
Shares of Chatham Lodging Trust closed at $12.22 yesterday, with a 52 week range of $8.82-$18.04.
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Analyst, Sule Sauvigne, said, "We are encouraged by the positive top-line trends at Chatham's properties, which should result in strong RevPAR growth in 2012. Challenges remain on the margin side which the company is working to overcome. Despite this, we still expect 2012 margin expansion of 240bps. Overall we continue to believe Chatham is well positioned."
Barclays lowers FY12 EPS estimate from $1.45 to $1.31 and FY13 from $1.69 to $1.60.
For an analyst ratings summary and ratings history on Chatham Lodging Trust click here. For more ratings news on Chatham Lodging Trust click here.
Shares of Chatham Lodging Trust closed at $12.22 yesterday, with a 52 week range of $8.82-$18.04.
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