Chatham Lodging Trust Announces Second Quarter 2016 Results
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August 4, 2016 6:50 AM EDT
Barclays downgraded Chatham Lodging Trust (NYSE: CLDT) from Overweight to Equalweight.
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 $22.11 yesterday.
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August 4, 2016 6:28 AM EDT
FBR Capital downgraded Chatham Lodging Trust (NYSE: CLDT) from Outperform to Market Perform with a price target of $23.00 (from $26.00) following Q2 miss and no material near-term catalyst.
Analyst Bryan Maher commented, "Chatham delivered a 2Q16 miss as RevPAR grew an anemic +0.6%. This RevPAR shortfallrelative to the U.S. 2Q16 average of +3.5%was... More
August 3, 2016 8:27 AM EDT
Chatham Lodging Trust (NYSE: CLDT) reported Q2 FFO of $0.69, $0.02 worse than the analyst estimate of $0.71. Revenue for the quarter came in at $78 million versus the consensus estimate of $78.81 million.
GUIDANCE:
Chatham Lodging Trust sees Q3 2016 FFO of $0.72-$0.75, versus the... More
