Chatham Lodging Trust (CLDT) was a big mover last session, as its shares rose over 5% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend for the company, as the stock is now trading above the volatile price range of $20.21 to $20.89 in the past one-month timeframe.
In the last 30 days, the company witnessed one negative estimate revision and the Zacks Consensus Estimate also moved lower, signaling trouble down the road. So make sure to keep an eye on this stock going forward to see if Friday’s move higher lasts.
Chatham Lodging currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.
Better-ranked REIT stocks include The GEO Group, Inc. (GEO), Sotherly Hotels Inc. (SOHO) and BioMed Realty Trust Inc. (BMR). While GEO Group and Sotherly Hotels sport a Zacks Rank #1 (Strong Buy), BioMed Realty carries a Zacks Rank #2 (Buy).
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