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Chatham Lodging Trust

NYSE:CLDT
Snowflake Description

Average dividend payer and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CLDT
NYSE
$936M
Imp Market Cap
  1. Home
  2. US
  3. Real Estate
Company description

Chatham Lodging Trust is a self-advised, publicly-traded real estate investment trust focused primarily on investing in upscale, extended-stay hotels and premium-branded, select-service hotels. The last earnings update was 15 days ago. More info.


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CLDT Share Price and Events
7 Day Returns
0.4%
NYSE:CLDT
0.2%
US REITs
-3.9%
US Market
1 Year Returns
2%
NYSE:CLDT
13%
US REITs
1.4%
US Market
CLDT Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Chatham Lodging Trust (CLDT) 0.4% 2.5% -4.6% 2% -2.7% -9.5%
US REITs 0.2% -1.4% 3.2% 13% 8.8% 24%
US Market -3.9% -3.6% 1.8% 1.4% 35.8% 40.8%
1 Year Return vs Industry and Market
  • CLDT underperformed the REITs industry which returned 13% over the past year.
Price Volatility
CLDT
Industry
5yr Volatility vs Market

Value

 Is Chatham Lodging Trust undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Chatham Lodging Trust to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Chatham Lodging Trust.

NYSE:CLDT Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity using Adjusted Funds From Operations
Levered Adjusted Funds From Operations Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.9%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NYSE:CLDT
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
REITs Unlevered Beta Simply Wall St/ S&P Global 0.53
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.531 (1 + (1- 21%) (66.57%))
0.873
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.87
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.873 * 5.96%)
7.93%

Discounted Cash Flow Calculation for NYSE:CLDT using 2 Stage Free Cash Flow to Equity using Adjusted Funds From Operations Model

The calculations below outline how an intrinsic value for Chatham Lodging Trust is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Chatham Lodging Trust is a Real Estate Investment Trust (REIT), we use funds from operations (FFO) or adjusted funds from operations (AFFO) instead of levered free cash flow for REITs. This excludes depreciation and borrowing. Ideally analysts estimates of AFFO are used, where these aren't available we use FFO.

NYSE:CLDT DCF 1st Stage: Next 10 year cash flow forecast
Adjusted Funds From Operations (AFFO) (USD, Millions) Source Present Value
Discounted (@ 7.93%)
2019 72.97 Analyst x1 67.60
2020 68.66 Analyst x1 58.94
2021 67.15 Analyst x1 53.40
2022 65.73 Est @ -2.11% 48.43
2023 65.30 Est @ -0.65% 44.58
2024 65.54 Est @ 0.36% 41.45
2025 66.24 Est @ 1.07% 38.81
2026 67.28 Est @ 1.57% 36.53
2027 68.57 Est @ 1.92% 34.49
2028 70.05 Est @ 2.16% 32.64
Present value of next 10 years cash flows $456.87
NYSE:CLDT DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $70.05 × (1 + 2.73%) ÷ (7.93% – 2.73%)
$1,382.64
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $1,382.64 ÷ (1 + 7.93%)10
$644.31
NYSE:CLDT Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $456.87 + $644.31
$1,101.18
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $1,101.18 / 47.16
$23.54
NYSE:CLDT Discount to Share Price
Calculation Result
Value per share (USD) From above. $23.54
Current discount Discount to share price of $20.01
= -1 x ($20.01 - $23.54) / $23.54
15%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Chatham Lodging Trust is available for.
Intrinsic value
15%
Share price is $20.01 vs Future cash flow value of $23.54
Current Discount Checks
For Chatham Lodging Trust to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Chatham Lodging Trust's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Chatham Lodging Trust's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Chatham Lodging Trust's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Chatham Lodging Trust's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:CLDT PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $0.63
NYSE:CLDT Share Price ** NYSE (2019-05-15) in USD $20.01
United States of America REITs Industry PE Ratio Median Figure of 155 Publicly-Listed REITs Companies 32.37x
United States of America Market PE Ratio Median Figure of 3,087 Publicly-Listed Companies 17.79x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Chatham Lodging Trust.

NYSE:CLDT PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:CLDT Share Price ÷ EPS (both in USD)

= 20.01 ÷ 0.63

31.85x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Chatham Lodging Trust is good value based on earnings compared to the US REITs industry average.
  • Chatham Lodging Trust is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Chatham Lodging Trust's expected growth come at a high price?
Raw Data
NYSE:CLDT PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 31.85x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
2%per year
United States of America REITs Industry PEG Ratio Median Figure of 141 Publicly-Listed REITs Companies 1.91x
United States of America Market PEG Ratio Median Figure of 2,113 Publicly-Listed Companies 1.52x

*Line of best fit is calculated by linear regression .

NYSE:CLDT PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 31.85x ÷ 2%

15.99x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Chatham Lodging Trust is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Chatham Lodging Trust's assets?
Raw Data
NYSE:CLDT PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $16.85
NYSE:CLDT Share Price * NYSE (2019-05-15) in USD $20.01
United States of America REITs Industry PB Ratio Median Figure of 191 Publicly-Listed REITs Companies 1.86x
United States of America Market PB Ratio Median Figure of 5,195 Publicly-Listed Companies 1.83x
NYSE:CLDT PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:CLDT Share Price ÷ Book Value per Share (both in USD)

= 20.01 ÷ 16.85

1.19x

* Primary Listing of Chatham Lodging Trust.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Chatham Lodging Trust is good value based on assets compared to the US REITs industry average.
X
Value checks
We assess Chatham Lodging Trust's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the REITs industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the REITs industry average (and greater than 0)? (1 check)
  5. Chatham Lodging Trust has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Chatham Lodging Trust expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Chatham Lodging Trust expected to grow at an attractive rate?
  • Chatham Lodging Trust's earnings growth is positive but not above the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Chatham Lodging Trust's earnings growth is positive but not above the United States of America market average.
  • Chatham Lodging Trust's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:CLDT Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:CLDT Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 2%
NYSE:CLDT Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 0.5%
United States of America REITs Industry Earnings Growth Rate Market Cap Weighted Average 5.2%
United States of America REITs Industry Revenue Growth Rate Market Cap Weighted Average 4.3%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NYSE:CLDT Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:CLDT Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 329 30 2
2020-12-31 327 30 2
2019-12-31 330 29 3
NYSE:CLDT Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 318 86 29
2018-12-31 316 86 30
2018-09-30 311 92 36
2018-06-30 305 88 36
2018-03-31 299 85 27
2017-12-31 296 87 29
2017-09-30 292 84 26
2017-06-30 291 85 25
2017-03-31 290 88 33
2016-12-31 290 88 31
2016-09-30 291 87 33
2016-06-30 289 84 34

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Chatham Lodging Trust's earnings are expected to grow by 2% yearly, however this is not considered high growth (20% yearly).
  • Chatham Lodging Trust's revenue is expected to grow by 0.5% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:CLDT Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from Chatham Lodging Trust Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:CLDT Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31
2020-12-31
2019-12-31 0.59 0.59 0.59 1.00
NYSE:CLDT Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 0.63
2018-12-31 0.66
2018-09-30 0.79
2018-06-30 0.82
2018-03-31 0.66
2017-12-31 0.73
2017-09-30 0.69
2017-06-30 0.66
2017-03-31 0.85
2016-12-31 0.82
2016-09-30 0.87
2016-06-30 0.89

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Chatham Lodging Trust will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Chatham Lodging Trust's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Chatham Lodging Trust has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Chatham Lodging Trust performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Chatham Lodging Trust's growth in the last year to its industry (REITs).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Chatham Lodging Trust's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Chatham Lodging Trust's 1-year earnings growth exceeds its 5-year average (5.9% vs -11%)
  • Chatham Lodging Trust's earnings growth has not exceeded the US REITs industry average in the past year (5.9% vs 16%).
Earnings and Revenue History
Chatham Lodging Trust's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Chatham Lodging Trust Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:CLDT Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 318.46 29.07 49.01
2018-12-31 316.02 30.33 49.03
2018-09-30 311.45 35.94 48.54
2018-06-30 305.14 35.79 47.09
2018-03-31 298.59 27.46 45.74
2017-12-31 295.94 29.24 44.72
2017-09-30 292.14 26.50 42.82
2017-06-30 290.53 25.44 42.32
2017-03-31 290.38 32.61 41.89
2016-12-31 289.80 31.29 41.61
2016-09-30 290.60 33.13 43.22
2016-06-30 289.48 34.09 42.87
2016-03-31 284.32 34.70 41.46
2015-12-31 275.02 32.82 40.74
2015-09-30 258.86 22.71 38.23
2015-06-30 241.05 17.11 36.82
2015-03-31 212.88 69.51 35.01
2014-12-31 191.06 66.33 32.10
2014-09-30 174.81 71.81 29.90
2014-06-30 148.14 65.61 27.44
2014-03-31 133.83 2.58 25.58
2013-12-31 122.72 2.69 24.08
2013-09-30 111.71 0.43 23.07
2013-06-30 103.87 -0.61 21.56
2013-03-31 100.31 -1.67 24.19
2012-12-31 97.40 -1.72 20.38
2012-09-30 96.10 -5.48 16.52
2012-06-30 93.28 -7.88 13.07

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Chatham Lodging Trust has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Chatham Lodging Trust used its assets less efficiently than the US REITs industry average last year based on Return on Assets.
  • Chatham Lodging Trust's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Chatham Lodging Trust's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the REITs industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Chatham Lodging Trust has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Chatham Lodging Trust's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Chatham Lodging Trust's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Chatham Lodging Trust's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Chatham Lodging Trust's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Chatham Lodging Trust's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Chatham Lodging Trust Company Filings, last reported 1 month ago.

NYSE:CLDT Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 794.92 623.19 11.20
2018-12-31 807.42 583.28 7.19
2018-09-30 822.18 532.95 10.27
2018-06-30 808.68 531.07 8.08
2018-03-31 808.80 539.18 13.40
2017-12-31 809.78 538.32 9.33
2017-09-30 698.43 602.14 11.28
2017-06-30 683.77 573.08 12.79
2017-03-31 674.44 585.87 12.77
2016-12-31 681.59 582.82 12.12
2016-09-30 690.98 584.24 13.47
2016-06-30 689.62 598.39 15.31
2016-03-31 689.49 603.50 12.48
2015-12-31 697.00 605.20 21.04
2015-09-30 706.60 603.17 16.06
2015-06-30 703.28 521.38 18.08
2015-03-31 701.59 527.15 16.80
2014-12-31 591.95 550.22 15.08
2014-09-30 600.60 473.90 67.06
2014-06-30 448.89 542.54 11.94
2014-03-31 378.99 278.16 5.82
2013-12-31 385.54 272.06 4.22
2013-09-30 382.48 223.71 60.40
2013-06-30 327.96 206.34 18.69
2013-03-31 251.81 228.62 5.15
2012-12-31 206.61 239.25 4.50
2012-09-30 211.40 208.71 5.74
2012-06-30 212.31 214.09 8.52
  • Chatham Lodging Trust's level of debt (78.4%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (74% vs 78.4% today).
  • Debt is not well covered by operating cash flow (13.8%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Chatham Lodging Trust's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Chatham Lodging Trust has a total score of 0/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Chatham Lodging Trust's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
6.6%
Current annual income from Chatham Lodging Trust dividends. Estimated to be 6.6% next year.
If you bought $2,000 of Chatham Lodging Trust shares you are expected to receive $132 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Chatham Lodging Trust's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.46%).
  • Chatham Lodging Trust's dividend is above the markets top 25% of dividend payers in United States of America (3.71%).
Upcoming dividend payment

Purchase Chatham Lodging Trust before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NYSE:CLDT Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
United States of America REITs Industry Average Dividend Yield Market Cap Weighted Average of 184 Stocks 3.9%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1997 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:CLDT Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 1.32 2.00
2020-12-31 1.32 2.00
2019-12-31 1.32 2.00
NYSE:CLDT Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-05-07 1.320 6.635
2019-04-10 1.320 6.679
2019-03-08 1.320 6.883
2019-02-08 1.320 6.514
2019-01-10 1.320 6.621
2018-12-10 1.320 7.184
2018-11-09 1.320 6.679
2018-10-10 1.320 6.706
2018-09-10 1.320 6.393
2018-08-10 1.320 6.158
2018-07-10 1.320 6.125
2018-06-08 1.320 6.352
2018-05-10 1.320 6.497
2018-04-10 1.320 6.828
2018-03-09 1.320 6.843
2018-02-09 1.320 6.702
2018-01-10 1.320 5.950
2017-12-08 1.320 5.780
2017-11-10 1.320 5.819
2017-10-10 1.320 5.987
2017-09-08 1.320 6.252
2017-08-10 1.320 6.596
2017-07-10 1.320 6.478
2017-06-12 1.320 6.534
2017-05-10 1.320 6.816
2017-04-10 1.320 6.707
2017-03-10 1.320 6.820
2017-02-10 1.320 6.574
2017-01-10 1.320 6.442
2016-12-09 1.320 6.367
2016-11-10 1.320 6.701
2016-10-11 1.320 7.406
2016-09-09 1.320 6.873
2016-07-08 1.320 5.980
2016-06-10 1.320 6.137
2016-05-10 1.320 6.129
2016-03-01 1.320 6.246
2016-02-10 1.200 5.950
2016-01-04 1.200 6.415
2015-12-10 1.200 5.778
2015-11-10 1.200 5.438
2015-10-09 1.200 5.103
2015-09-10 1.200 5.345
2015-08-10 1.200 5.122
2015-07-10 1.200 4.447
2015-06-10 1.200 4.371
2015-05-08 1.200 4.315
2015-04-10 1.200 4.195
2015-03-10 1.200 4.070
2015-02-10 1.200 4.052
2015-01-13 1.200 3.919
2014-12-10 0.960 3.257
2014-11-10 0.960 3.556
2014-10-10 0.960 3.901
2014-09-10 0.960 4.189
2014-08-08 0.960 4.169
2014-07-10 0.960 4.476
2014-06-11 0.960 4.294
2014-05-12 0.960 4.305
2014-04-09 0.960 4.608
2014-03-10 0.840 4.078
2014-02-10 0.840 4.036
2014-01-10 0.840 4.130
2013-12-10 0.840 4.167
2013-11-08 0.840 4.108
2013-10-10 0.840 4.297
2013-09-10 0.840 4.481
2013-08-09 0.840 4.601
2013-07-10 0.840 4.598
2013-06-10 0.840 4.948
2013-05-10 0.840 4.478
2013-04-10 0.840 4.614
2013-03-11 0.840 4.831
2013-02-11 0.840 5.090
2013-01-11 0.840 5.377
2012-12-04 0.840 5.651
2012-09-10 0.800 5.815
2012-05-07 0.800 5.809
2012-03-13 0.700 5.518
2011-12-15 0.700 5.864
2011-09-21 0.700 6.741
2011-06-17 0.700 5.535
2011-03-09 0.700 4.314
2010-12-16 0.700 4.092
2010-09-29 0.700 3.937

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Chatham Lodging Trust has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Chatham Lodging Trust only paid a dividend in the past 9 years.
Current Payout to shareholders
What portion of Chatham Lodging Trust's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.4x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be thoroughly covered by earnings (66.3x coverage).
X
Income/ dividend checks
We assess Chatham Lodging Trust's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Chatham Lodging Trust afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Chatham Lodging Trust has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Chatham Lodging Trust's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Jeff Fisher
COMPENSATION $4,373,350
AGE 63
TENURE AS CEO 9.6 years
CEO Bio

Mr. Jeffrey H. Fisher, also known as Jeff, has been the Chief Executive Officer, President and Chairman of Chatham Lodging Trust since October 2009. Mr. Fisher serves as the Chief Executive Officer and President at Fisher Property Group, Inc. He serves as the President at Innkeepers Hospitality Ii, Inc. Mr. Fisher served as Chief Executive Officer and President at Innkeepers USA Trust since its formation in 1994. He served as Principal Financial Officer at Chatham Lodging Trust until September 9, 2010 and served as its Principal Accounting Officer. From 1986 to 1994, Mr. Fisher served as the Chief Executive Officer and President at JF Hotel Management, Inc. He served as the Chief Executive Officer at Island Hospitality Management, Inc. Mr. Fisher serves as the Chairman of Island Hospitality Management, Inc. He served as the Chairman of Innkeepers USA Trust since 1994. Mr. Fisher has been a Trustee of Innkeepers USA Trust since September 1994. He holds a Bachelor of Science Degree in Business Administration from Syracuse University, a J.D. degree from Nova Southeastern University and a Masters of Law in Taxation from the University of Miami.

CEO Compensation
  • Jeff's compensation has been consistent with company performance over the past year.
  • Jeff's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Chatham Lodging Trust management team in years:

6.8
Average Tenure
48.5
Average Age
  • The average tenure for the Chatham Lodging Trust management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Jeff Fisher

TITLE
Chairman
COMPENSATION
$4M
AGE
63
TENURE
9.6 yrs

Jeremy Wegner

TITLE
Senior VP & CFO
COMPENSATION
$1M
AGE
42
TENURE
3.9 yrs

Dennis Craven

TITLE
Executive VP & COO
COMPENSATION
$2M
AGE
46
TENURE
3.9 yrs

Peter Willis

TITLE
Executive VP & Chief Investment Officer
COMPENSATION
$1M
AGE
51
TENURE
9.6 yrs

Eric Kentoff

TITLE
Senior VP
Board of Directors Tenure

Average tenure and age of the Chatham Lodging Trust board of directors in years:

9.1
Average Tenure
64
Average Age
  • The tenure for the Chatham Lodging Trust board of directors is about average.
Board of Directors

Thomas Crocker

TITLE
COMPENSATION
$105K
AGE
64
TENURE
9.1 yrs

Jeff Fisher

TITLE
Chairman
COMPENSATION
$4M
AGE
63
TENURE
9.6 yrs

Bobby Perlmutter

TITLE
COMPENSATION
$108K
AGE
56
TENURE
9.1 yrs

Bill Brewer

TITLE
COMPENSATION
$110K
AGE
55
TENURE
2.3 yrs

Miles Berger

TITLE
Lead Independent Trustee
COMPENSATION
$110K
AGE
87

Jack DeBoer

TITLE
COMPENSATION
$100K
AGE
87
TENURE
9.1 yrs

Gerry Goldsmith

TITLE
COMPENSATION
$100K
AGE
89
TENURE
9.1 yrs

Rolf Ruhfus

TITLE
COMPENSATION
$100K
AGE
73
TENURE
9.1 yrs

Beth Higgins

TITLE
Independent Trustee
AGE
60
TENURE
0.4 yrs
Who owns this company?
Recent Insider Trading
  • Chatham Lodging Trust insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
13. May 19 Sell C. Goldsmith Individual 12. Apr 19 12. Apr 19 -3,300 $19.67 $-64,911
03. Aug 18 Sell C. Goldsmith Individual 03. Aug 18 03. Aug 18 -1,800 $21.65 $-38,970
X
Management checks
We assess Chatham Lodging Trust's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Chatham Lodging Trust has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

How Much Did Chatham Lodging Trust's (NYSE:CLDT) CEO Pocket Last Year?

Jeff Fisher has been the CEO of Chatham Lodging Trust (NYSE:CLDT) since 2009. … This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … How Does Jeff Fisher's Compensation Compare With Similar Sized Companies?

Simply Wall St -

Is Chatham Lodging Trust (NYSE:CLDT) Potentially Undervalued?

Chatham Lodging Trust (NYSE:CLDT), which is in the reits business, and is based in United States,. … saw a double-digit share price rise of over 10% in the past couple of months on the NYSE. … Let’s examine Chatham Lodging Trust’s valuation and outlook in more detail to determine if there’s still a bargain opportunity

Simply Wall St -

What Are Analysts Saying About Chatham Lodging Trust's (NYSE:CLDT) Long Term Outlook?

In December 2018, Chatham Lodging Trust (NYSE:CLDT) released its latest earnings announcement, whicha

Simply Wall St -

Should We Be Cautious About Chatham Lodging Trust's (NYSE:CLDT) ROE Of 4.4%?

Chatham Lodging Trust has a ROE of 4.4%, based on the last twelve months. … One way to conceptualize this, is that for each $1 of shareholders' equity it has, the company made $0.044 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Could The Chatham Lodging Trust (NYSE:CLDT) Ownership Structure Tell Us Something Useful?

The big shareholder groups in Chatham Lodging Trust (NYSE:CLDT) have power over the company. … Institutions will often hold stock in bigger companies, and we expect to see insiders owning a noticeable percentage of the smaller ones. … Chatham Lodging Trust has a market capitalization of US$978m, so we would expect some institutional investors to have noticed the stock.

Simply Wall St -

Is Chatham Lodging Trust (NYSE:CLDT) Excessively Paying Its CEO?

This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … View our latest analysis for Chatham Lodging Trust … How Does Jeff Fisher's Compensation Compare With Similar Sized Companies?

Simply Wall St -

Read This Before Selling Chatham Lodging Trust (NYSE:CLDT) Shares

So before you buy or sell Chatham Lodging Trust (NYSE:CLDT), you may well want to know whether insiders have been buying or selling. … Chatham Lodging Trust Insider Transactions Over The Last Year. … In the last twelve months there was more buying than selling by Chatham Lodging Trust insiders

Simply Wall St -

Why Chatham Lodging Trust (NYSE:CLDT) Could Be Worth Watching

Chatham Lodging Trust (NYSE:CLDT), which is in the reits business, and is based in United States,. … A question to answer is whether Chatham Lodging Trust's current trading price of $17.4 reflective of the actual value of the? … Let’s take a look at Chatham Lodging Trust’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change

Simply Wall St -

How Should You Analyze REIT Stock Chatham Lodging Trust (NYSE:CLDT)?

Chatham Lodging Trust is a US$894m. … real estate investment trust (REIT) based in West Palm Beach, United States. … Check out our latest analysis for Chatham Lodging Trust

Simply Wall St -

Does The Chatham Lodging Trust (NYSE:CLDT) Share Price Fall With The Market?

Every stock in the market is exposed to this volatility, which is linked to the fact that stocks prices are correlated in an efficient market. … Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … Any stock with a beta of greater than one is considered more volatile than the market, while those with a beta below one are either less volatile or poorly correlated with the market.

Simply Wall St -

Company Info

Description

Chatham Lodging Trust is a self-advised, publicly-traded real estate investment trust focused primarily on investing in upscale, extended-stay hotels and premium-branded, select-service hotels. The company owns interests in 137 hotels totaling 18,783 rooms/suites, comprised of 42 properties it wholly owns with an aggregate of 6,283 rooms/suites in 15 states and the District of Columbia and a minority investment in two joint ventures that own 95 hotels with an aggregate of 12,500 rooms/suites.

Details
Name: Chatham Lodging Trust
CLDT
Exchange: NYSE
Founded: 2009
$936,210,005
$931,783,899
47,164,232
Website: http://www.chathamlodgingtrust.com
Address: Chatham Lodging Trust
222 Lakeview Avenue,
Suite 200,
West Palm Beach,
Florida, 33401,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE CLDT Common Shares New York Stock Exchange US USD 16. Apr 2010
Number of employees
Current staff
Staff numbers
40
Chatham Lodging Trust employees.
Industry
Hotel and Resort REITs
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/16 02:15
End of day share price update: 2019/05/15 00:00
Last estimates confirmation: 2019/05/02
Last earnings filing: 2019/05/01
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.