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CLDT

Chatham Lodging

$22.55

-0.08 (-0.35%)

06:48
12/07/17
12/07
06:48
12/07/17
06:48

Chatham Lodging acquires Embassy Suites in greater Washington, D.C. for $68M

Chatham Lodging has acquired the 219-suite Embassy Suites by Hilton in Springfield, Virginia for $68M, or approximately $310K per suite. Chatham funded the purchase through available cash from its recently completed 5,000,000 share offering that raised approximately $109M dollars. With this acquisition, Chatham has invested approximately 81% of the proceeds from the share offering. Chatham estimates it acquired the property at a year one net operating income capitalization rate of approximately 71/2%. The hotel will be managed by Island Hospitality Management, which is 51 percent owned by Fisher.

CLDT Chatham Lodging
$22.55

-0.08 (-0.35%)

09/15/17
JANY
09/15/17
INITIATION
Target $21
JANY
Neutral
Chatham Lodging initiated with a Neutral at Janney Capital
Janney Capital analyst Tyler Batory initiated Chatham Lodging with a Neutral and a $21 price target saying shares are fairly valued.
08/28/17
JMPS
08/28/17
UPGRADE
JMPS
Outperform
Chatham Lodging upgraded to Outperform from Market Perform at JMP Securities

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IO

ION Geophysical

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CTX

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CTU

Chad Therapeutics, Inc.

$25.26

1.925 (8.25%)

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BPY

Brookfield Property

$19.90

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VERI

Veritone

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CBS

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0.45 (0.85%)

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Court revives copyright suit against CBS over pre-1972 recordings, Reuters says »

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TSLA

Tesla

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FIT

Fitbit

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  • 12

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NDSN

Nordson

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GOOG

Alphabet

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Alphabet Class A

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STAA

STAAR Surgical

$42.05

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SRI

Stoneridge

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DVA

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ALTR

Altair

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CBOE

Cboe Global Markets

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FANH

Fanhua

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$NSD

NASDAQ Market Internals

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$NYE

NYSE Market Internals

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XRAY

Dentsply Sirona

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STZ

Constellation Brands, also tag STZ.B

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LCI

Lannett

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, AMRX

Amneal Pharmaceuticals

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Recommendations
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$5.43

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AMRX

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15:05
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General news
Treasury Closing Summary: »

Treasury Closing Summary:…

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