Chatham Lodging Trust (NYSE:CLDT)‘s stock had its “hold” rating restated by stock analysts at Barclays in a research report issued to clients and investors on Friday. They presently have a $23.00 price target on the real estate investment trust’s stock. Barclays’ target price would indicate a potential downside of 0.35% from the company’s current price.

CLDT has been the topic of a number of other research reports. BidaskClub lowered Chatham Lodging Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. JMP Securities upgraded Chatham Lodging Trust from a “market perform” rating to an “outperform” rating in a research note on Monday, August 28th. Zacks Investment Research upgraded Chatham Lodging Trust from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research note on Friday, October 6th. B. Riley reiterated a “neutral” rating on shares of Chatham Lodging Trust in a research note on Thursday, November 2nd. Finally, Cantor Fitzgerald reiterated a “hold” rating and set a $20.00 target price on shares of Chatham Lodging Trust in a research note on Thursday, September 21st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $21.25.

Chatham Lodging Trust (NYSE CLDT) opened at $23.08 on Friday. The firm has a market capitalization of $1,047.21, a P/E ratio of 10.30 and a beta of 1.05. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.42 and a current ratio of 1.42. Chatham Lodging Trust has a 52 week low of $18.66 and a 52 week high of $23.38.

Chatham Lodging Trust (NYSE:CLDT) last announced its earnings results on Tuesday, October 31st. The real estate investment trust reported $0.68 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.01. The company had revenue of $81.40 million for the quarter, compared to analyst estimates of $80.12 million. Chatham Lodging Trust had a return on equity of 3.90% and a net margin of 9.03%. The firm’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.71 earnings per share. research analysts expect that Chatham Lodging Trust will post 2.16 EPS for the current year.

A number of institutional investors have recently bought and sold shares of CLDT. Dimensional Fund Advisors LP increased its stake in Chatham Lodging Trust by 15.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 541,197 shares of the real estate investment trust’s stock worth $10,688,000 after acquiring an additional 73,619 shares during the period. Schwab Charles Investment Management Inc. increased its stake in Chatham Lodging Trust by 5.6% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 161,344 shares of the real estate investment trust’s stock worth $3,187,000 after acquiring an additional 8,520 shares during the period. Russell Investments Group Ltd. boosted its holdings in shares of Chatham Lodging Trust by 11.9% in the 2nd quarter. Russell Investments Group Ltd. now owns 50,574 shares of the real estate investment trust’s stock valued at $1,016,000 after purchasing an additional 5,373 shares in the last quarter. Municipal Employees Retirement System of Michigan acquired a new stake in shares of Chatham Lodging Trust in the 2nd quarter valued at $182,000. Finally, Great West Life Assurance Co. Can boosted its holdings in shares of Chatham Lodging Trust by 1,268.3% in the 2nd quarter. Great West Life Assurance Co. Can now owns 56,100 shares of the real estate investment trust’s stock valued at $1,126,000 after purchasing an additional 52,000 shares in the last quarter. Hedge funds and other institutional investors own 76.18% of the company’s stock.

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Chatham Lodging Trust 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). The Company owned 40 hotels with an aggregate of 5,939 rooms located in 16 states and the District of Columbia.

Analyst Recommendations for Chatham Lodging Trust (NYSE:CLDT)

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