Chatham Lodging Trust (CLDT) Declares $0.11 Monthly Dividend; 7% Yield

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Go back to Chatham Lodging Trust (CLDT) Declares $0.11 Monthly Dividend; 7% Yield

FBR Capital Cuts Price Target on Chatham Lodging Trust (CLDT) to $22 Following Company Update

October 11, 2016 11:07 AM EDT

FBR Capital maintained a Market Perform rating on Chatham Lodging Trust (NYSE: CLDT), and cut the price target to $22.00 (from $23.00), following the company's updated outlook. The update shows that CLDT is expecting weak 3Q16 results, mainly driven by a 21% RevPAR decline across six hotels. Management will host its 3Q16 earnings call at 10 a.m. November 3, and we will be hosting a meeting with... More