Chatham Lodging Trust (NYSE:CLDT) Stock Rating Upgraded by Zacks Research

Chatham Lodging Trust (NYSE:CLDT) was upgraded by analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report released on Wednesday,Zacks.com reports.

Other research analysts have also issued research reports about the stock. Weiss Ratings raised shares of Chatham Lodging Trust from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, March 2nd. Stifel Nicolaus set a $10.00 price objective on Chatham Lodging Trust in a report on Wednesday, March 4th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $10.00.

Chatham Lodging Trust Price Performance

Shares of CLDT opened at $7.75 on Wednesday. The stock has a market capitalization of $366.33 million, a PE ratio of 55.38 and a beta of 1.08. The company has a 50 day moving average price of $7.44 and a 200-day moving average price of $7.01. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.33 and a current ratio of 1.33. Chatham Lodging Trust has a fifty-two week low of $5.83 and a fifty-two week high of $8.44.

Chatham Lodging Trust (NYSE:CLDT) last released its quarterly earnings results on Wednesday, February 25th. The real estate investment trust reported $0.05 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.11). Chatham Lodging Trust had a return on equity of 1.92% and a net margin of 5.10%.The company had revenue of $67.74 million during the quarter, compared to the consensus estimate of $67.22 million. Chatham Lodging Trust has set its FY 2026 guidance at 1.040-1.140 EPS. Equities analysts predict that Chatham Lodging Trust will post 1.07 earnings per share for the current fiscal year.

Institutional Trading of Chatham Lodging Trust

Several large investors have recently bought and sold shares of CLDT. Royal Bank of Canada lifted its stake in shares of Chatham Lodging Trust by 26.7% during the first quarter. Royal Bank of Canada now owns 193,422 shares of the real estate investment trust’s stock worth $1,379,000 after buying an additional 40,746 shares during the period. AQR Capital Management LLC lifted its position in Chatham Lodging Trust by 35.8% during the 1st quarter. AQR Capital Management LLC now owns 98,409 shares of the real estate investment trust’s stock worth $702,000 after acquiring an additional 25,926 shares during the period. Jane Street Group LLC increased its holdings in shares of Chatham Lodging Trust by 6.6% in the first quarter. Jane Street Group LLC now owns 289,534 shares of the real estate investment trust’s stock valued at $2,064,000 after purchasing an additional 18,030 shares during the period. Acadian Asset Management LLC purchased a new position in shares of Chatham Lodging Trust in the first quarter worth about $62,000. Finally, Strs Ohio acquired a new stake in shares of Chatham Lodging Trust during the first quarter worth about $61,000. Hedge funds and other institutional investors own 88.37% of the company’s stock.

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.