Chatham Lodging Trust Announces Fourth Quarter 2018 Results

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Go back to Chatham Lodging Trust Announces Fourth Quarter 2018 Results

Chatham Lodging Trust (CLDT) PT Lowered to $20 at B.Riley/FBR

February 26, 2019 8:27 AM EST

B.Riley/FBR analyst Bryan Maher lowered the price target on Chatham Lodging Trust (NYSE: CLDT) to $20.00 (from $21.00) while maintaining a Neutral rating.

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Chatham Lodging Trust (CLDT) Misses Q4 EPS by 4c, Revenues Beat; Offers Q1 & FY19 EPS/Revenue Guidance Below Consensus

February 25, 2019 6:34 AM EST

Chatham Lodging Trust (NYSE: CLDT) reported Q4 EPS of ($0.01), $0.04 worse than the analyst estimate of $0.03. Revenue for the quarter came in at $77.05 million versus the consensus estimate of $73.8 million.

The lodging industry remained healthy in 2018, which was not reflected in the sell-off in lodging REIT stocks towards the end of 2018. Demand rose 2.5 percent while new supply remained in-check at 2.0 percent, enabling... More