Chatham Lodging Trust·Real Estate

With the market chasing AI hyperscalers, income investors are getting an unusual gift: high-quality, asset-backed REITs trading in the single digits.

The price-to-earnings (P/E) multiple enjoys widespread popularity among investors seeking stocks trading at a bargain. In addition to being a widely used tool for screening stocks, P/E is a popular metric for working out the fair market value of a firm.

Chatham Lodging (CLDT) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Does Chatham Lodging (CLDT) have what it takes to be a top stock pick for momentum investors? Let's find out.

Chatham Lodging Trust NYSE: CLDT executives said the hotel REIT delivered a stronger-than-expected first quarter, supported by improving demand in Silicon Valley, expense controls, a recently closed acquisition and ongoing share repurchases.
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. At September, 30, 2020, The company owns interests in 86 hotels totaling 12,040 rooms/suites, comprised of 40 properties it wholly owns with an aggregate of 6,092 rooms/suites in 15 states and the District of Columbia and a minority investment in the Innkeepers joint ventures that owns 46 hotels with an aggregate of 5,948 rooms/suites.
Real Estate
REIT - Hotel & Motel
17
2010-04-16
1.06