NYSE:CLDT

Stock Analysis Report

Executive Summary

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.


Snowflake Analysis

Good value with poor track record.


Similar Companies

Share Price & News

How has Chatham Lodging Trust's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: CLDT's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

38.7%

CLDT

16.8%

US REITs

10.5%

US Market


1 Year Return

-66.1%

CLDT

-19.9%

US REITs

-11.5%

US Market

Return vs Industry: CLDT underperformed the US REITs industry which returned -20.9% over the past year.

Return vs Market: CLDT underperformed the US Market which returned -9.1% over the past year.


Shareholder returns

CLDTIndustryMarket
7 Day38.7%16.8%10.5%
30 Day-57.4%-22.4%-15.4%
90 Day-64.5%-24.1%-21.4%
1 Year-63.7%-66.1%-16.9%-19.9%-9.6%-11.5%
3 Year-59.8%-67.0%-1.1%-13.3%12.6%5.4%
5 Year-69.8%-78.0%12.0%-10.6%32.8%18.1%

Price Volatility Vs. Market

How volatile is Chatham Lodging Trust's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Chatham Lodging Trust undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: CLDT ($6.52) is trading below our estimate of fair value ($14.06)

Significantly Below Fair Value: CLDT is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: CLDT is good value based on its PE Ratio (16.6x) compared to the REITs industry average (24.3x).

PE vs Market: CLDT is poor value based on its PE Ratio (16.6x) compared to the US market (13.4x).


Price to Earnings Growth Ratio

PEG Ratio: CLDT's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: CLDT is good value based on its PB Ratio (0.4x) compared to the US REITs industry average (1.3x).


Next Steps

Future Growth

How is Chatham Lodging Trust forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

-34.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CLDT's earnings are forecast to decline over the next 3 years (-34.3% per year).

Earnings vs Market: CLDT's earnings are forecast to decline over the next 3 years (-34.3% per year).

High Growth Earnings: CLDT's earnings are forecast to decline over the next 3 years.

Revenue vs Market: CLDT's revenue is expected to decline over the next 3 years (-1.7% per year).

High Growth Revenue: CLDT's revenue is forecast to decline over the next 3 years (-1.7% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if CLDT's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

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

-13.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CLDT has high quality earnings.

Growing Profit Margin: CLDT's current net profit margins (5.9%) are lower than last year (9.6%).


Past Earnings Growth Analysis

Earnings Trend: CLDT's earnings have declined by -13.5% per year over the past 5 years.

Accelerating Growth: CLDT's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: CLDT had negative earnings growth (-39.3%) over the past year, making it difficult to compare to the REITs industry average (5%).


Return on Equity

High ROE: CLDT's Return on Equity (2.4%) is considered low.


Next Steps

Financial Health

How is Chatham Lodging Trust's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: CLDT has a high level of physical assets or inventory.

Debt Coverage by Assets: CLDT's debt is not covered by short term assets (assets are 0x debt).


Financial Institutions Analysis

Asset Level: CLDT's level of assets compared to its equity is low.

Allowance for Bad Loans: Insufficient data to determine if CLDT has a sufficient allowance for bad loans.

Low Risk Liabilities: CLDT reports no customer deposits, loans are made up entirely of externally borrowed funds.

Loan Level: Insufficient data to determine if CLDT has an acceptable proportion of non-loan assets held.

Low Risk Deposits: CLDT has advanced significantly more loans than the customer deposits it holds.

Level of Bad Loans: Insufficient data to determine if CLDT has an appropriate level of bad loans.


Next Steps

Dividend

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

17.84%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate CLDT's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate CLDT's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if CLDT's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if CLDT's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: CLDT is not paying a notable dividend for the US market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of CLDT's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.8yrs

Average management tenure


CEO

Jeff Fisher (64yo)

10.42s

Tenure

US$4,373,350

Compensation

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 Pre ...


CEO Compensation Analysis

Compensation vs Market: Jeff's total compensation ($USD4.37M) is above average for companies of similar size in the US market ($USD1.49M).

Compensation vs Earnings: Jeff's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Jeffrey Fisher
Chairman10.42yrsUS$4.37m1.47% $4.2m
Jeremy Wegner
Senior VP & CFO4.75yrsUS$1.12m0.019% $54.6k
Dennis Craven
Executive VP & COO4.75yrsUS$2.02m0.18% $524.8k
Eric Kentoff
Senior VPno datano datano data

4.8yrs

Average Tenure

47yo

Average Age

Experienced Management: CLDT's management team is considered experienced (4.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Jeffrey Fisher
Chairman10.42yrsUS$4.37m1.47% $4.2m
Jack DeBoer
Independent Trustee9.92yrsUS$100.00k0.097% $276.9k
Rolf Ruhfus
Independent Trustee9.92yrsUS$100.00k0.060% $171.4k
Thomas Crocker
Independent Trustee9.92yrsUS$105.00k0.089% $255.5k
Robert Perlmutter
Lead Independent Trustee0.83yrUS$107.50k0.11% $312.2k
Mary Higgins
Independent Trustee1.25yrsno data0.016% $47.2k
Edwin Brewer
Independent Trustee3.17yrsUS$110.00k0.034% $98.0k

9.9yrs

Average Tenure

64yo

Average Age

Experienced Board: CLDT's board of directors are considered experienced (9.9 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Chatham Lodging Trust's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Chatham Lodging Trust
  • Ticker: CLDT
  • Exchange: NYSE
  • Founded: 2009
  • Industry: Hotel and Resort REITs
  • Sector: Real Estate
  • Implied Market Cap: US$286.723m
  • Market Cap: US$306.121m
  • Shares outstanding: 47.55m
  • Website: https://www.chathamlodgingtrust.com

Number of Employees


Location

  • Chatham Lodging Trust
  • 222 Lakeview Avenue
  • Suite 200
  • West Palm Beach
  • Florida
  • 33401
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CLDTNYSE (New York Stock Exchange)YesCommon SharesUSUSDApr 2010

Biography

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. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/03/27 02:25
End of Day Share Price2020/03/26 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.