Chatham Lodging Trust (NYSE:CLDT) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

According to Zacks, “Chatham Lodging Trust is a self-advised hotel REIT, formed to invest in premium-branded upscale extended-stay and select-service hotels. The Company intends to invest primarily in hotels in large metropolitan markets in the United States. Chatham Lodging Trust expects that a significant portion of its portfolio will consist of hotels in the upscale extended-stay market, including brands such as Residence Inn by Marriott, Homewood Suites by Hilton and Summerfield Suites by Hyatt. It also intends to invest in premium-branded select-service hotels such as Courtyard by Marriott, Hampton Inn and Hampton Inn and Suites. “

Separately, ValuEngine upgraded shares of Chatham Lodging Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, October 2nd. Six analysts have rated the stock with a hold rating, The stock has an average rating of “Hold” and a consensus price target of $21.20.

Shares of Chatham Lodging Trust stock opened at $19.26 on Tuesday. The company has a market cap of $929.86 million, a P/E ratio of 9.00 and a beta of 1.08. Chatham Lodging Trust has a twelve month low of $17.90 and a twelve month high of $23.91. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.24 and a current ratio of 1.24.

Chatham Lodging Trust (NYSE:CLDT) last released its quarterly earnings results on Wednesday, October 31st. The real estate investment trust reported $0.31 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.02. Chatham Lodging Trust had a net margin of 11.28% and a return on equity of 4.46%. The business had revenue of $90.23 million for the quarter, compared to the consensus estimate of $87.42 million. On average, research analysts anticipate that Chatham Lodging Trust will post 1.91 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Chatham Lodging Trust by 0.6% in the third quarter. Vanguard Group Inc. now owns 5,246,705 shares of the real estate investment trust’s stock worth $109,603,000 after purchasing an additional 32,722 shares in the last quarter. Morgan Stanley increased its stake in shares of Chatham Lodging Trust by 29.3% in the third quarter. Morgan Stanley now owns 293,992 shares of the real estate investment trust’s stock worth $6,142,000 after purchasing an additional 66,554 shares in the last quarter. Legal & General Group Plc increased its stake in shares of Chatham Lodging Trust by 8.6% in the third quarter. Legal & General Group Plc now owns 232,114 shares of the real estate investment trust’s stock worth $4,842,000 after purchasing an additional 18,390 shares in the last quarter. Phocas Financial Corp. increased its stake in shares of Chatham Lodging Trust by 24.8% in the third quarter. Phocas Financial Corp. now owns 468,363 shares of the real estate investment trust’s stock worth $9,784,000 after purchasing an additional 92,976 shares in the last quarter. Finally, Macquarie Group Ltd. increased its stake in shares of Chatham Lodging Trust by 48.6% in the third quarter. Macquarie Group Ltd. now owns 16,200 shares of the real estate investment trust’s stock worth $338,000 after purchasing an additional 5,300 shares in the last quarter. 83.83% of the stock is owned by hedge funds and other institutional investors.

Chatham Lodging Trust Company Profile

Chatham Lodging Trust is a self-advised, publicly-traded real estate investment trust focused primarily on investing in upscale, extended-stay hotels and premium-branded, select-service hotels. The company owns interests in 136 hotels totaling 18,616 rooms/suites, comprised of 41 properties it wholly owns with an aggregate of 6,117 rooms/suites in 15 states and the District of Columbia and a minority investment in two joint ventures that own 95 hotels with an aggregate of 12,499 rooms/suites.

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