Chatham Lodging Trust (REIT) (NYSE:CLDT)‘s stock had its “neutral” rating reissued by equities research analysts at B. Riley in a research report issued on Thursday.
Other research analysts also recently issued research reports about the stock. BidaskClub upgraded shares of Chatham Lodging Trust (REIT) from a “hold” rating to a “buy” rating in a research report on Tuesday, September 26th. Cantor Fitzgerald restated a “hold” rating and set a $20.00 price target on shares of Chatham Lodging Trust (REIT) in a research report on Thursday, September 21st. Janney Montgomery Scott assumed coverage on shares of Chatham Lodging Trust (REIT) in a research report on Friday, September 15th. They set a “neutral” rating and a $21.00 price target for the company. Stifel Nicolaus restated a “hold” rating and set a $19.50 price target on shares of Chatham Lodging Trust (REIT) in a research report on Thursday, September 7th. Finally, Barclays PLC upped their price objective on shares of Chatham Lodging Trust (REIT) from $21.00 to $22.00 and gave the company an “equal weight” rating in a research note on Wednesday. Seven analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $21.08.
Chatham Lodging Trust (NYSE CLDT) traded down $0.02 on Thursday, hitting $22.42. 288,821 shares of the company traded hands, compared to its average volume of 279,547. Chatham Lodging Trust has a 52-week low of $16.74 and a 52-week high of $22.60. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.62 and a current ratio of 1.42. The firm has a market cap of $905.14, a P/E ratio of 10.03 and a beta of 1.03.
Chatham Lodging Trust (REIT) (NYSE:CLDT) last released its quarterly earnings results on Tuesday, October 31st. The real estate investment trust reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.01. Chatham Lodging Trust (REIT) had a net margin of 9.03% and a return on equity of 3.90%. The firm had revenue of $81.40 million during the quarter, compared to the consensus estimate of $80.12 million. During the same quarter in the prior year, the firm earned $0.71 EPS. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. sell-side analysts expect that Chatham Lodging Trust will post 2.17 earnings per share for the current year.
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In related news, Director Robert D. Perlmutter sold 2,566 shares of the company’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $20.37, for a total transaction of $52,269.42. Following the completion of the sale, the director now owns 33,258 shares of the company’s stock, valued at approximately $677,465.46. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 3.60% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. BNP Paribas Arbitrage SA grew its stake in Chatham Lodging Trust (REIT) by 33.2% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 32,222 shares of the real estate investment trust’s stock valued at $687,000 after acquiring an additional 8,034 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of Chatham Lodging Trust (REIT) by 1.4% in the 3rd quarter. Principal Financial Group Inc. now owns 295,892 shares of the real estate investment trust’s stock valued at $6,308,000 after buying an additional 4,159 shares during the period. Boston Partners grew its stake in shares of Chatham Lodging Trust (REIT) by 3.1% in the 3rd quarter. Boston Partners now owns 1,124,547 shares of the real estate investment trust’s stock valued at $23,975,000 after buying an additional 33,450 shares during the period. Quantitative Systematic Strategies LLC purchased a new stake in shares of Chatham Lodging Trust (REIT) in the 3rd quarter valued at approximately $344,000. Finally, Eqis Capital Management Inc. purchased a new stake in shares of Chatham Lodging Trust (REIT) in the 3rd quarter valued at approximately $251,000. 81.52% of the stock is owned by institutional investors.
Chatham Lodging Trust (REIT) Company Profile
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). As of December 31, 2016, the Company owned 38 hotels with an aggregate of 5,712 rooms located in 15 states and the District of Columbia.
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