The EVP & COO of Chatham Lodging (NYSE: CLDT) is Buying Shares

By Carrie Williams

Today, the EVP & COO of Chatham Lodging (NYSE: CLDT), Dennis Craven, bought shares of CLDT for $34.46K.

Following this transaction Dennis Craven’s holding in the company was increased by 2.53% to a total of $1.36 million. Following Dennis Craven’s last CLDT Buy transaction on January 19, 2016, the stock climbed by 1.2%.

The company has a one year high of $24.80 and a one year low of $16.12. CLDT’s market cap is $661.2M and the company has a P/E ratio of 19.59. Currently, Chatham Lodging has an average volume of 177.5K.

Five different firms, including Barclays and Cantor Fitzgerald, currently also have a Buy rating on the stock. Based on 3 analyst ratings, the analyst consensus is Hold with an average price target of $18.67, reflecting a -7.9% downside.

The insider sentiment on Chatham Lodging has been positive according to 15 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

Chatham Lodging Trust operates as a real estate investment trust which organized to invest in upscale extended-stay hotels. It includes investing in premium-branded select-service hotels such as Courtyard by Marriott, Hampton Inn and Hampton Inn and Suites. The company was founded on October 26, 2009 and is headquartered in West Palm Beach, FL.