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Chatham Lodging Trust (CLDT)

NYSE - Nasdaq Real-time price. Currency in USD
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10.14-0.38 (-3.65%)
As of 01:32PM EDT. Market open.

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  • T
    Tim
    this should be above 15.00 I am all for padding the balance sheet to ensure good coverage or even buying back some preferred.
  • J
    Jason
    How nice. A blow out quarter and they will evaluate the re-instatement of the divy regularly. Hopefully we can see some increase in the stock price.
  • c
    chris
    Joel & Jason nailed it about 'potential' dividend reinstatement. I would love a dividend. I would also be happy with a delayed dividend and start a buy back cheap shares. Then dividend or a combo.
  • J
    Joel
    I have been switching my CLDT investment into APLE which pays about 3.5% divy and has performed much better than CLDT. If not divy for CLDT when earnings announced, then likely will switch remainder.
  • J
    J o C
    Since the preferred shares reinstated the dividend I think they will reinstate a dividend soon but it will most likely start small. Maybe 2 to 3%.
  • c
    chris
    Great quarter. Talked about refi of big LA complex project- that should drive down borrowing costs.
  • J
    Joel
    Glad for the nice bump but moving my CLDT to APLE since no divy. Evaluating a divy is not a divy!
  • S
    Senor G
    What happened with REITS that by law having to pay 90% of earnings to shareholders?
    most other REITS i have invested on: OHI, O, CIO, CTO,FRT, LAND, GAIN, MAIN, MPW, are paying a dividend, except this turkey. The main purpose of a REIT is to be vehicle for shareholders to invest in real estate and get a high dividend. It is not to be a growth stock or a vehucle for officers to draw a big salary. it's to pay a high dividend to shareholders Somebody shoud remind management of this TENET.
  • R
    Roger
    Here's just a partial excerpt from today's Business Update by Chatham Lodging Trust

    "RevPAR has more than doubled since December, portfolio-wide occupancy of 70% in May is strong, and I am particularly excited to see sequential RevPAR growth of 17% from April to May compared to 14% from March to April," highlighted Jeffrey H. Fisher, Chatham’s president and chief executive officer. "Leisure travel continues to lead the lodging recovery, and our northeastern leisure markets in New Hampshire and Maine are poised for strong summers after being shut down for half of the 2020 summer season. In Anaheim, Disney is opening the park to residents outside of California on June 15th and also is expected to increase capacity which bodes well for our Residence Inn in the market. Corporate demand is coming back in spurts in areas such as Silicon Valley, our largest market, as well as others like Washington, D.C and Bellevue, Wash. In Houston, health-care related business is returning to the Texas Medical Center, and we own four hotels in close proximity to it. For our portfolio, which appeals to a diverse set of customers, this portends well for continued, meaningful recovery in the summer and second half of the year."
  • J
    Joe
    This company is next in line to go up big. The Courtyards, Embassy Suites, Hampton Inn & Suites, Hiltons, Homewood Suites, Hyatt's, and Residence Inn's rooms are getting booked. These are the hotels that are affordable, clean and have good amenities for the travelers. Its selling way below its pre covid price and there is still a good amount of short interest. Given what has happened to other REITS stock prices with hotels (APLE and HST) I see this trading around $18. Holding long and strong.
  • i
    investor69
    Innkeeperss did a great job or riding the demand both ways. Pepe said, and I agree, that this is the only company that can be this spot on in managing demand. There will be a limit on rate as occupany moves due to loss of a good bit of high value local corporate which is ESSENTIAL to REVPAR and profit in high occupany environment. I seriously doubt Marriott and Hilton will allow dumbing down or cancelling breakfast and evening functions and food cost will be up dramatically. Labor will also be higher due to increasing number of "living"wages and if Joee Biden is elected labor cpsts as well as benefits will shoot up. Someone stated on the call that wages would be dropping. That simply will not happen. But again, Fisher and Co. do an exceptional job on both top and bottom line. You dont necessarily want to work there, but definitely to be trusted to take care of your invested $$$
  • T
    Tim
    So it's trading at 30% of its one year high or 13.00. Now you can wait a year and buy it at 12.00 to 15 when they start paying dividends again or you can buy now at a 70% discount and ride it out. dividends would be about 2.00. I expect them to not pay dividends until cash flow normalizes.
  • R
    Ru
    Bought back in at the low today. Can't pass up this price or yield.
  • J
    Joel
    Anyone have an idea why CLDT is not paying a dividend? Their business has to pretty much be back to normal as businesses are starting travel again.
  • Z
    ZV
    Chatham Lodging Trust (NYSE:CLDT): Q3 FFO of $0.21 beats by $0.01.

    Revenue of $64.29M (+83.9% Y/Y) beats by $2.17M.

    No hint at restoring the common stock dividend on the Earnings call though.

    New hotels have very good occupancy rates and most forward projections look very promising.
  • J
    J o C
    This stock at this price point is probably one of the best bargains on the market. When Covid is over and the dividend comes back it will be a $20 stock again.
  • E
    Eas L
    Going ton add more in blocks. I think they can pay the div for a couple months without issue. If this clears up stock goes up.

    If they have to cut the dividend stock will drop more. If the do cut they emphasize it is a temporary cut
  • R
    Roger
    I got in last week at $12.90. It seems to me that the negative share price reaction to the Earnings Report was excessive. At some point in the near future, CLDT will restore it's dividend (maybe not the full amount up front, but at least 50% of it to start).

    This is a good entry point for anyone wanting to go Long.

    Good Luck to all CLDT Investors.
  • R
    Roger
    Good numbers overall, but I suspect they aren't going to restart their dividend quite yet with them.

    Q1 AFFO of $0.07 beats by $0.06.

    Revenue of $54.89M (+70.9% Y/Y) beats by $0.81M.

    GOP margins grew 27 percent to a portfolio-wide GOP margin of 38 percent in the 2022 first quarter compared to 30 percent in the 2021 first quarter.

    Adjusted EBITDA – Jumped to $13.3 million from $1.2 million in the 2021 first quarter.
  • c
    chris
    If Austin properties deliver 8-8.5% noi along with LA hotel complex completion this year. Increase revenues. Also, once LA project complete they will refinance debt with lower % rate!
    Also their revpar really ticked up and they said summer weaker for them is weaker yet fall they said revenues should increase.