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Stock Market & Financial Investment News

News Breaks
December 4, 2012
08:54 EDTCLDTChatham Lodging Trust to increase FY13 dividend 5% to 84c
Chatham's board voted to raise the dividend in 2013 by 5%, to an annual rate of 84% per share, and to convert the company's current quarterly dividend to a monthly dividend of 7c per share beginning in January 2013. "Our goal is to build a superior portfolio of investments that will appreciate in value and generate an attractive and dependable dividend over time for our investors," said the company.
News For CLDT From The Last 14 Days
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September 19, 2014
08:58 EDTCLDTChatham Lodging 6M share Spot Secondary priced at $21.85
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September 18, 2014
18:25 EDTCLDTOn The Fly: After Hours Movers
HIGHER: Concur (CNQR), up 19.5% after SAP (SAP) announced that it will acquire the company for $129 per share... Navidea Biopharmaceuticals (NAVB), up 9.8% after confirming FDA orphan designation for Lymphoseek... Molycorp (MCP), up 6.1% after Oaktree Capital reported a 9.1% passive stake in the company... JetBlue (JBLU), up 4.6% following CEO transition announcement... Wendy's (WEN), up 2.15% after Trian reported a 24.39% stake in the company... Sears Holdings (SHLD), up 2.6% after Fairholme Capital reported a 24% stake in the company... AMD (AMD), up 1% after announcing that it expanded an IP partnership with Synopsys (SNPS). DOWN AFTER EARNINGS: Red Hat (RHT), down 3%... Oracle (ORCL), down 2.4% following first quarter earnings miss and CEO transition... Tibco Software (TIBX), down 5.5%. ALSO LOWER: Quest Resource (QRHC), down 13.4% after filing an automatic common stock and warrant shelf... Eagle Rock (EROC), down 4.5% after filing to sell 53.34M common units for limited partners... Chatham Lodging (CLDT), down 3.3% after filing to sell 5M shares of common stock... Glu Mobile (GLUU), down 2.3% after filing to sell 9.98M shares of common stock for holders... Blackstone Mortgage (BXMT), down 1.6% after filing to sell 8M shares of common stock.
16:18 EDTCLDTChatham Lodging files to sell 5M shares of common stock
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09:39 EDTCLDTChatham Lodging management to meet with FBR Capital
Meetings to be held in Denver/Kansas City/Minneapolis September 22-23 hosted by FBR Capital.
08:17 EDTCLDTNorthstar Realty and Chatham Lodging to acquire $1.1B hotel portfolio
NorthStar Realty (NRF) has entered into a definitive agreement to acquire a $1.1B hotel portfolio from Inland American Real Estate Trust. The Portfolio is comprised of 52 upscale extended stay and select service hotels with approximately 7,000 rooms. NorthStar Realty is acquiring the Portfolio in a joint venture with Chatham Lodging (CLDT) where NorthStar Realty will have an approximate 90% ownership interest in the Portfolio and Chatham will own an approximate 10% minority interest. NorthStar Realty expects to obtain non-recourse financing for approximately 70-75% of the purchase price and earn an initial mid-teens cash-on-cash yield, based on estimated year-one NOI. The Portfolio is geographically diverse and located across 21 states.
08:06 EDTCLDTChatham Lodging announces multiple hotel investments
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