Holdings of Chatham Lodging Trust (CLDT) are aligned with the stars

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.

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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.

Institutional Ownership:

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.

Analysts Ratings:

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.

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