Chatham Lodging Trust (NYSE: CLDT) stock fell -3.21% on Wednesday to $12.66 against a previous-day closing price of $13.08. With 0.21 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.26 million shares. During the session, the REIT – Hotel & Motel company that operates in wider Real Estate sector, reached to the highest price of $13.10 whereas the lowest price it dropped to was $12.61. The 52-week range on CLDT shows that it touched its highest point at $15.12 and its lowest point at $9.59 during that stretch. It currently has a 1-year price target of $16.00. Beta for the stock currently stands at 1.80.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of CLDT was up-trending over the past week, with a rise of 0.32%, but this was up by 4.28% over a month. Three-month performance dropped to -4.74% while six-month performance rose 4.28%. The stock gained 0.56% in the past year, while it has lost -7.73% so far this year. A look at the trailing 12-month EPS for CLDT yields -0.15 with Next year EPS estimates of 0.28. For the next quarter, that number is -0.13. This implies an EPS growth rate of 71.40% for this year and 1500.00% for next year. EPS is expected to grow by 12.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -20.80%.
Float and Shares Shorts:
At present, 48.80 million CLDT shares are outstanding with a float of 47.55 million shares on hand for trading. On Oct 13, 2022, short shares totaled 1.02 million, which was 2.08% higher than short shares on Sep 14, 2022. In addition to Mr. Jeffrey H. Fisher as the firm’s Chairman, Pres & CEO, Mr. Jeremy Bruce Wegner serves as its Sr. VP & CFO.
Through their ownership of 88.49% of CLDT’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 48.31% of CLDT, in contrast to 37.19% held by mutual funds. Shares owned by individuals account for 3.06%. As the largest shareholder in CLDT with 15.61% of the stake, BlackRock Fund Advisors holds 7,618,831 shares worth 7,618,831. A second-largest stockholder of CLDT, The Vanguard Group, Inc., holds 5,819,657 shares, controlling over 11.92% of the firm’s shares. Fuller & Thaler Asset Management, is the third largest shareholder in CLDT, holding 3,180,509 shares or 6.52% stake. With a 7.41% stake in CLDT, the iShares Core S&P Small Cap ETF is the largest stakeholder. A total of 3,614,328 shares are owned by the mutual fund manager. The Undiscovered Managers Behavioral, which owns about 5.16% of CLDT stock, is the second-largest Mutual Fund holder. It holds 2,515,732 shares valued at 32.63 million. Vanguard Real Estate Index Fund holds 4.30% of the stake in CLDT, owning 2,098,124 shares worth 27.21 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CLDT since 5 analysts follow the stock currently. There are 3 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 1 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With CLDT analysts setting a high price target of $18.00 and a low target of $13.00, the average target price over the next 12 months is $16.00. Based on these targets, CLDT could surge 42.18% to reach the target high and rise by 2.69% to reach the target low. Reaching the average price target will result in a growth of 26.38% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. CLDT will report FY 2022 earnings on 02/22/2023. Analysts have provided yearly estimates in a range of -$0.02 being high and -$0.02 being low. For CLDT, this leads to a yearly average estimate of -$0.02. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Chatham Lodging Trust surprised analysts by $0.15 when it reported $0.21 EPS against a consensus estimate of $0.06. The surprise factor in the prior quarter was $0.14. Based on analyst estimates, the high estimate for the next quarter is -$0.13 and the low estimate is -$0.13. The average estimate for the next quarter is thus -$0.13.
Summary of Insider Activity:
Insiders traded CLDT stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 8 while that of sell transactions has risen to 1 over the past year. The total number of shares bought during that period was 38,872 while 1,000 shares were sold.