Chatham Lodging Trust (REIT) (NYSE:CLDT) Stock Has Average Price Target of $13.75

Chatham Lodging Trust (REIT) (NYSE:CLDT) has received an average recommendation of “Moderate Buy” from the six brokerages that are currently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $13.75.

CLDT has been the topic of a number of recent analyst reports. Zacks Research raised shares of Chatham Lodging Trust from a “hold” rating to a “strong-buy” rating in a report on Monday, October 26th. Weiss Ratings upgraded Chatham Lodging Trust from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, October 8th. Wall Street Zen upgraded shares of Chatham Lodging Trust from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th. Stifel Nicolaus reaffirmed a “buy” rating and set a $15.50 price target (up from $15.00) on shares of Chatham Lodging Trust in a research note on Friday, October 16th. Finally, Alliance Global Partners reaffirmed a “buy” rating on shares of Chatham Lodging Trust in a research report on Tuesday, August 4th.

Chatham Lodging Trust Trading Down 0.2%

Shares of NYSE:CLDT opened at $14.98 on Thursday. The stock has a market cap of $699.47 million, a PE ratio of 187.32 and a beta of 1.11. The business has a 50 day moving average of $13.64 and a 200-day moving average of $11.02. Chatham Lodging Trust has a 12-month low of $6.08 and a 12-month high of $15.16. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.28.

Chatham Lodging Trust (NYSE:CLDT) last posted its quarterly earnings data on Tuesday, August 4th. The real estate investment trust reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.02. Chatham Lodging Trust had a net margin of 4.00% and a return on equity of 1.56%. The company had revenue of $87.80 million for the quarter, compared to analyst estimates of $82.01 million. As a group, equities research analysts forecast that Chatham Lodging Trust will post 1.35 earnings per share for the current year.

Chatham Lodging Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $0.40 annualized dividend and a dividend yield of 2.7%. Chatham Lodging Trust’s payout ratio is presently 500.00%.

Hedge Funds Weigh In On Chatham Lodging Trust

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC boosted its stake in shares of Chatham Lodging Trust by 102.2% in the third quarter. Farther Finance Advisors LLC now owns 1,856 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 938 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Chatham Lodging Trust by 146.8% during the 3rd quarter. GAMMA Investing LLC now owns 2,335 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 1,389 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new position in shares of Chatham Lodging Trust during the second quarter valued at $34,000. PNC Financial Services Group Inc. increased its stake in shares of Chatham Lodging Trust by 1,071.1% in the first quarter. PNC Financial Services Group Inc. now owns 6,652 shares of the real estate investment trust’s stock worth $52,000 after acquiring an additional 6,084 shares during the last quarter. Finally, Legal & General Group Plc bought a new stake in Chatham Lodging Trust in the second quarter worth $60,000. 88.37% of the stock is owned by institutional investors and hedge funds.

Chatham Lodging Trust Company Profile

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.