Chatham Lodging Trust (NYSE:CLDT – Get Free Report) had its price objective cut by Barclays from $13.00 to $12.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage currently has an “overweight” rating on the real estate investment trust’s stock. Barclays‘s price target suggests a potential upside of 30.58% from the stock’s current price.
Chatham Lodging Trust Price Performance
Shares of NYSE:CLDT traded down $0.16 on Wednesday, hitting $9.19. The company’s stock had a trading volume of 291,740 shares, compared to its average volume of 213,439. The company has a 50-day simple moving average of $10.15 and a 200 day simple moving average of $10.18. Chatham Lodging Trust has a 1 year low of $8.92 and a 1 year high of $11.32. The company has a market capitalization of $449.39 million, a PE ratio of -83.64 and a beta of 1.74. The company has a debt-to-equity ratio of 0.49, a current ratio of 3.08 and a quick ratio of 3.08.
Chatham Lodging Trust (NYSE:CLDT – Get Free Report) last announced its quarterly earnings data on Tuesday, February 27th. The real estate investment trust reported ($0.23) earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.38). The firm had revenue of $72.28 million for the quarter, compared to analysts’ expectations of $70.46 million. Chatham Lodging Trust had a net margin of 0.85% and a return on equity of 0.33%. During the same period in the prior year, the business posted $0.20 earnings per share. Sell-side analysts forecast that Chatham Lodging Trust will post 1.15 EPS for the current fiscal year.
Hedge Funds Weigh In On Chatham Lodging Trust
About Chatham Lodging Trust
Chatham Lodging Trust is a self-advised, publicly traded real estate investment trust (REIT) focused primarily on investing in upscale, extended-stay hotels and premium-branded, select-service hotels. The company owns 39 hotels totaling 5,915 rooms/suites in 16 states and the District of Columbia.
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