Chatham Lodging Trust (NYSE:CLDT) has been given a consensus rating of “Hold” by the seven research firms that are presently covering the stock. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $19.60.

Several brokerages have recently issued reports on CLDT. Cantor Fitzgerald reiterated a “hold” rating and set a $19.00 price target on shares of Chatham Lodging Trust in a report on Monday, March 6th. TheStreet upgraded shares of Chatham Lodging Trust from a “hold” rating to a “buy” rating in a report on Tuesday, December 20th. Stifel Nicolaus upped their price target on shares of Chatham Lodging Trust to $19.00 in a report on Thursday, February 23rd. Zacks Investment Research downgraded shares of Chatham Lodging Trust from a “hold” rating to a “sell” rating in a report on Tuesday, February 28th. Finally, Barclays PLC reiterated a “hold” rating and set a $21.00 price target on shares of Chatham Lodging Trust in a report on Tuesday, February 14th.

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Hedge funds and other institutional investors have recently made changes to their positions in the company. Hillsdale Investment Management Inc. bought a new position in shares of Chatham Lodging Trust during the second quarter valued at about $123,000. Mizuho Trust & Banking Co. Ltd. increased its position in shares of Chatham Lodging Trust by 26.7% in the third quarter. Mizuho Trust & Banking Co. Ltd. now owns 9,548 shares of the company’s stock valued at $184,000 after buying an additional 2,010 shares during the period. Sigma Planning Corp bought a new position in shares of Chatham Lodging Trust during the third quarter valued at about $261,000. KBC Group NV increased its position in shares of Chatham Lodging Trust by 64.7% in the third quarter. KBC Group NV now owns 16,157 shares of the company’s stock valued at $311,000 after buying an additional 6,347 shares during the period. Finally, Credit Agricole S A increased its position in shares of Chatham Lodging Trust by 16.0% in the fourth quarter. Credit Agricole S A now owns 18,401 shares of the company’s stock valued at $378,000 after buying an additional 2,543 shares during the period. Institutional investors own 85.17% of the company’s stock.

Chatham Lodging Trust (NYSE:CLDT) opened at 19.49 on Tuesday. The company has a 50 day moving average of $20.08 and a 200 day moving average of $19.69. The firm has a market capitalization of $745.61 million, a PE ratio of 24.06 and a beta of 0.98. Chatham Lodging Trust has a 1-year low of $16.45 and a 1-year high of $24.80.

The business also recently declared a monthly dividend, which will be paid on Friday, April 28th. Stockholders of record on Friday, March 31st will be issued a dividend of $0.11 per share. The ex-dividend date of this dividend is Wednesday, March 29th. This represents a $1.32 annualized dividend and a dividend yield of 6.77%. Chatham Lodging Trust’s dividend payout ratio (DPR) is presently 155.30%.

Chatham Lodging Trust Company Profile

Chatham Lodging Trust is a real estate investment trust (REIT) organized to invest primarily in premium-branded upscale extended-stay and select-service hotels. The Company’s assets are held by, and all of its operations are conducted through Chatham Lodging, L.P (Operating Partnership). The Operating Partnership and its subsidiaries lease the Company’s hotels.

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