Chatham Lodging Trust (NYSE:CLDT), ended the day at $6.17, a fall of -1.28 per cent and a share price that brought its market capitalization to $304.37 million. Volatility for the week was 10.93%, which was 14.79% in the previous month. The company closed the session with a trading volume of 491.07 thousand shares, below from its average daily trading volume of 493.27 thousand. It has been generating revenue of $328.3 million while net income posted by the company in last 12 months was $18.4 million.
In an effort to safeguard shareholders value, Chatham Lodging Trust (NYSE: CLDT) decided to temporarily suspend dividends. On March 17, 2020, company announced that it has suspended its monthly dividend and will not declare a March dividend which would have been paid in April.
Commenting on the decision, Jeffrey H. Fisher, Chatham’s president and chief executive officer said “Facing unprecedented operating conditions in the travel industry and little visibility, we believe it is most prudent to suspend our monthly dividend as a means of preserving shareholder value. We are hopeful that the effects from COVID-19 will prove to be short-term and people will have the confidence to resume travel sooner rather than later. Our teams at Chatham and Island Hospitality have the experience to persevere through these situations, and we are thankful to have this platform that enables us to move aggressively and quickly. We are working vigorously to maximize revenue, and we are aggressively cutting operating costs and deferring all non-essential capital expenditures to minimize the adverse effects on cash flow.”
When looking at performance, we see the stock demonstrating a weekly performance of -13.59% while keeping a monthly performance of 2.32%. Quarterly performance saw a drop of -64.96% and continued the negative trend with a yearly performance of -68.38% while showing YTD performance of -66.36% which was -65.45% for last six months. The 52-week range for the stock was 3.44 – 20.66 that put its current price at a premium of 79.36% to the 52-week low price whereas it is trading at a discount of -70.14% to the 52-week high price.
The REIT – Hotel/Motel company is currently upholding a gross margin of 74.6% while maintaining a net profit margin of 5.6%. Operating margin for the last 12 months remained 17.3%. The company’s EPS for trailing 12 months is $0.39 and its annual payout ratio is 335.7%. It is estimated to be posting an EPS of -$0.01 for the current quarter. The Beta number showed the stock is subject to risk 86% more than the market as a whole. In the trailing twelve months, its return on assets (ROA) is 1.3% while ROE for the same period is 2.4% and have seen an average of 4.2% return on investment (ROI).
The outstanding share count is 49.33 million shares but the size of available float is 45.86 million shares. The stock’s current price is lagging SMA-200 by -60.81% which is also -35.94% down from SMA-50. Reducing that period to a shorter term, we see the price is also lagging -2.67% to the SMA-20.