The Online Investor
OLI Premium
Retiree Portfolio
Stock Option Ideas
Preferred Stock List

Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Sun., Sep. 21, 10:10 PM

Slide #2. Chatham Lodging Trust Secondary Offering

Company: Chatham Lodging Trust (NYSE:CLDT)
Date announced: 9/18/2014
Shares Offered: 6,000,000
Date of Pricing: 9/19/2014
Price Per Share: $21.85
Secondary Offering Details: Chatham Lodging Trust (the "Company") (NYSE:CLDT) today announced that it is offering 5,000,000 common shares of beneficial interest, $0.01 par value per share, in a public offering. The Company expects to grant the underwriters a 30-day option to purchase up to an additional 750,000 common shares. - updated 9/19 - Chatham Lodging Trust (the "Company") (NYSE:CLDT) today announced that it has priced its public offering of 6,000,000 common shares of beneficial interest, $0.01 par value per share, at a price to the public of $21.85 for total gross proceeds of $131,100,000, prior to underwriting discounts and offering expenses. The offering is expected to close on September 24, 2014, subject to customary closing conditions. The Company has granted the underwriters a 30-day option to purchase up to an additional 900,000 common shares.

Chatham Lodging Trust is an internally-managed real estate investment trust. As of Dec 31 2013, Co. owned 25 hotels with an approx. 3,591 rooms located in 15 states and the District of Columbia, held a 10.3% noncontrolling interest in the Innkeepers JV, which owns 51 hotels comprising an aggregate of 6,847 rooms, and held a 5.0% noncontrolling interest in the Torrance JV that owns the 248-room Residence Inn by Marriott in Torrance, CA. Co. also invests in Courtyard by Courtyard by Marriott®, Hampton Inn and Suites® and SpringHill Suites by Marriott®, which serves complimentary breakfast, internet access, local calls, in-room movie channels, and daily linen and room cleaning service.
Open the CLDT Page at The Online Investor »

Company Name:  Chatham Lodging Trust
Sector:  REITs
Number of ETFs Holding CLDT:  20
Total Market Value Held by ETFs:  $59.37M
Total Market Capitalization:  $609.00M
% of Market Cap. Held by ETFs:  9.75%

Open the CLDT Page at The Online Investor (in a new window) »

September 21, 2014    10:10 PM Eastern
Quotes delayed 20 minutes

Strong Buy (3.60 out of 4)
77th percentile
(ranked higher than approx. 77% of all stocks covered)
Based on Zacks ABR data;
powered by Xignite

Secondary Stock Offerings | | Copyright © 1998 - 2014, All Rights Reserved

Nothing in The Online Investor is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and stock market videos powered by Market News Video. Quote data delayed at least 20 minutes, powered by Ticker Technologies, and Mergent. Contact The Online Investor; Meet Our Editorial Staff.