Chatham Lodging Trust (NYSE:CLDT) Upgraded to “Strong-Buy” at Zacks Research

Chatham Lodging Trust (NYSE:CLDT) was upgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report released on Monday, Zacks reports.

Several other equities research analysts have also recently weighed in on CLDT. Alliance Global Partners reissued a “buy” rating on shares of Chatham Lodging Trust in a research note on Tuesday, August 4th. Wall Street Zen upgraded Chatham Lodging Trust from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. Stifel Nicolaus reissued a “buy” rating and set a $15.50 target price (up from $15.00) on shares of Chatham Lodging Trust in a research report on Friday, October 16th. Morgan Stanley lowered shares of Chatham Lodging Trust to an “outperform” rating in a report on Friday, October 16th. Finally, Weiss Ratings upgraded shares of Chatham Lodging Trust from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $13.75.

Chatham Lodging Trust Stock Up 2.4%

CLDT stock opened at $14.52 on Monday. Chatham Lodging Trust has a 52-week low of $6.08 and a 52-week high of $14.73. The company has a fifty day moving average price of $13.47 and a 200-day moving average price of $10.78.

Chatham Lodging Trust (NYSE:CLDT) last posted its quarterly earnings data on Tuesday, August 4th. The real estate investment trust reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.02. The company had revenue of $87.80 million during the quarter, compared to analyst estimates of $82.01 million. Chatham Lodging Trust has set its FY 2026 guidance at 1.280-1.340 EPS. On average, equities research analysts anticipate that Chatham Lodging Trust will post 1.35 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Chatham Lodging Trust

Institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. acquired a new stake in shares of Chatham Lodging Trust in the 2nd quarter valued at about $118,707,000. Donald Smith & CO. Inc. bought a new position in Chatham Lodging Trust in the second quarter worth approximately $52,587,000. Bank of America Corp DE bought a new position in Chatham Lodging Trust in the second quarter worth approximately $4,978,000. Hsbc Holdings PLC bought a new position in Chatham Lodging Trust in the second quarter worth approximately $4,537,000. Finally, Bank of New York Mellon Corp acquired a new stake in Chatham Lodging Trust in the second quarter valued at approximately $2,953,000. Institutional investors own 88.37% of the company’s stock.

About Chatham Lodging Trust

Chatham Lodging Trust was a real estate investment trust that owned and operated upscale hotels and premium-branded select-service hotels in the United States. Its portfolio included properties affiliated with nationally recognized hotel brands, serving business and leisure travelers in urban, suburban and resort-oriented markets.

The company’s lodging portfolio included full-service and select-service hotels operating under brands such as Hilton, Marriott and Hyatt. Chatham focused on acquiring, owning and enhancing hotel properties, while working with third-party management companies to oversee day-to-day operations.

Founded in 2009 and based in New York, Chatham Lodging Trust became a publicly traded company on the New York Stock Exchange in 2010.