2024-03-12 08:15:00 ET
Summary
- Chatham Lodging Trust currently trades in value range despite solid operating fundamentals, and its preferred shares currently offer a 7.7% yield.
- CLDT focuses on upscale, extended-stay, and select-service hotels, achieving higher margins than its peers.
- CLDT has seen improving operating metrics, particularly in tech-driven markets, making it a good bargain for investors at the current price.
Hotel REITs have had quite the ride over the past 5 years, from market fears in 2020 during the pandemic to optimism around a travel rebound, and back to fear again due to higher interest rates and economic uncertainty....
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Chatham Lodging: Opportunity To Move In On 8% Yield