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

Chatham Lodging Trust (NYSE:CLDT) was upgraded by Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued on Monday, Zacks reports.

Several other analysts also recently issued reports on CLDT. Weiss Ratings upgraded Chatham Lodging Trust from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, October 8th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $15.50 target price (up from $15.00) on shares of Chatham Lodging Trust in a research report on Friday, October 16th. Alliance Global Partners reiterated a “buy” rating on shares of Chatham Lodging Trust in a research note on Tuesday, August 4th. Morgan Stanley downgraded Chatham Lodging Trust to an “outperform” rating in a report on Friday, October 16th. Finally, Wall Street Zen upgraded Chatham Lodging Trust from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $13.75.

Chatham Lodging Trust Trading Up 2.4%

Shares of NYSE:CLDT opened at $14.52 on Monday. The stock has a 50-day simple moving average of $13.47 and a 200-day simple moving average of $10.78. Chatham Lodging Trust has a 1 year low of $6.08 and a 1 year high of $14.73.

Chatham Lodging Trust (NYSE:CLDT) last posted its quarterly earnings results on Tuesday, August 4th. The real estate investment trust reported $0.13 EPS for the quarter, beating the consensus estimate of $0.11 by $0.02. The business had revenue of $87.80 million during the quarter, compared to analysts’ expectations of $82.01 million. Chatham Lodging Trust has set its FY 2026 guidance at 1.280-1.340 EPS. On average, equities analysts predict that Chatham Lodging Trust will post 1.35 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of CLDT. Farther Finance Advisors LLC grew its stake in Chatham Lodging Trust by 102.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,856 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 938 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Chatham Lodging Trust by 146.8% in the 3rd quarter. GAMMA Investing LLC now owns 2,335 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 1,389 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new position in shares of Chatham Lodging Trust in the 2nd quarter valued at approximately $34,000. PNC Financial Services Group Inc. raised its position in shares of Chatham Lodging Trust by 1,071.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 6,652 shares of the real estate investment trust’s stock valued at $52,000 after purchasing an additional 6,084 shares in the last quarter. Finally, Legal & General Group Plc purchased a new position in shares of Chatham Lodging Trust during the 2nd quarter valued at approximately $60,000. Institutional investors and hedge funds own 88.37% of the company’s stock.

Chatham Lodging Trust Company Profile

Chatham Lodging Trust was a real estate investment trust that owned and operated upscale hotels and premium-branded select-service hotels in the United States. Its portfolio included properties affiliated with nationally recognized hotel brands, serving business and leisure travelers in urban, suburban and resort-oriented markets.

The company’s lodging portfolio included full-service and select-service hotels operating under brands such as Hilton, Marriott and Hyatt. Chatham focused on acquiring, owning and enhancing hotel properties, while working with third-party management companies to oversee day-to-day operations.

Founded in 2009 and based in New York, Chatham Lodging Trust became a publicly traded company on the New York Stock Exchange in 2010.