Chatham Lodging Trust’s (CLDT) “Hold” Rating Reaffirmed at Barclays
Chatham Lodging Trust (NYSE:CLDT)‘s stock had its “hold” rating reissued by Barclays in a research report issued to clients and investors on Friday. They currently have a $23.00 price target on the real estate investment trust’s stock. Barclays’ price target points to a potential downside of 0.90% from the stock’s current price.
Several other analysts have also recently commented on the company. Zacks Investment Research upgraded Chatham Lodging Trust from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a research report on Friday, October 6th. JMP Securities raised Chatham Lodging Trust from a “market perform” rating to an “outperform” rating in a research note on Monday, August 28th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $19.50 price target on shares of Chatham Lodging Trust in a research note on Thursday, September 7th. Janney Montgomery Scott began coverage on Chatham Lodging Trust in a research note on Friday, September 15th. They issued a “neutral” rating and a $21.00 price target on the stock. Finally, BidaskClub lowered Chatham Lodging Trust from a “buy” rating to a “hold” rating in a research note on Monday, October 23rd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. Chatham Lodging Trust presently has a consensus rating of “Hold” and an average price target of $21.25.
Chatham Lodging Trust (NYSE:CLDT) traded up $0.06 during trading on Friday, hitting $23.21. The stock had a trading volume of 818,100 shares, compared to its average volume of 333,374. The stock has a market capitalization of $1,050.38, a PE ratio of 10.34 and a beta of 1.05. Chatham Lodging Trust has a 1-year low of $18.66 and a 1-year high of $23.34. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.42 and a quick ratio of 1.42.
Chatham Lodging Trust (NYSE:CLDT) last issued its quarterly earnings results on Tuesday, October 31st. The real estate investment trust reported $0.68 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.01. Chatham Lodging Trust had a return on equity of 3.90% and a net margin of 9.03%. The firm had revenue of $81.40 million during the quarter, compared to analysts’ expectations of $80.12 million. During the same period in the previous year, the business earned $0.71 earnings per share. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. equities analysts forecast that Chatham Lodging Trust will post 2.16 EPS for the current fiscal year.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Belpointe Asset Management LLC purchased a new position in shares of Chatham Lodging Trust in the 3rd quarter valued at about $848,000. Stifel Financial Corp grew its stake in Chatham Lodging Trust by 6.4% during the 3rd quarter. Stifel Financial Corp now owns 495,987 shares of the real estate investment trust’s stock worth $10,588,000 after buying an additional 29,913 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Chatham Lodging Trust by 2.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 573,848 shares of the real estate investment trust’s stock worth $12,234,000 after buying an additional 15,624 shares during the last quarter. Wells Fargo & Company MN grew its stake in Chatham Lodging Trust by 42.5% during the 3rd quarter. Wells Fargo & Company MN now owns 60,448 shares of the real estate investment trust’s stock worth $1,289,000 after buying an additional 18,027 shares during the last quarter. Finally, Schroder Investment Management Group purchased a new position in Chatham Lodging Trust during the 3rd quarter worth approximately $112,000. Institutional investors and hedge funds own 76.18% of the company’s stock.
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About Chatham Lodging Trust
Chatham Lodging Trust is a real estate investment trust. The Company invests primarily in upscale extended-stay and premium-branded select-service hotels. All of the Company’s assets are held by, and all of its operations are conducted through Chatham Lodging, L.P. (the Operating Partnership). The Company owned 40 hotels with an aggregate of 5,939 rooms located in 16 states and the District of Columbia.
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