Chatham Lodging Trust (NYSE:CLDT) Upgraded by Zacks Research to “Hold” Rating

Zacks Research upgraded shares of Chatham Lodging Trust (NYSE:CLDT) from a strong sell rating to a hold rating in a research report released on Tuesday morning,Zacks.com reports.

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Chatham Lodging Trust in a research report on Monday, December 29th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Chatham Lodging Trust has an average rating of “Hold” and a consensus target price of $9.50.

Chatham Lodging Trust Stock Performance

CLDT stock opened at $7.55 on Tuesday. The stock has a market cap of $366.08 million, a P/E ratio of 754.50 and a beta of 1.14. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.81 and a current ratio of 0.81. The firm has a 50 day simple moving average of $7.10 and a 200 day simple moving average of $6.93. Chatham Lodging Trust has a 52 week low of $5.83 and a 52 week high of $8.47.

Chatham Lodging Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were issued a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 4.8%. The ex-dividend date was Wednesday, December 31st. Chatham Lodging Trust’s dividend payout ratio (DPR) is 3,600.00%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Sculptor Capital LP acquired a new stake in shares of Chatham Lodging Trust during the 2nd quarter worth approximately $14,901,000. Aegis Financial Corp bought a new stake in Chatham Lodging Trust during the 4th quarter worth about $4,621,000. Ameriprise Financial Inc. raised its position in shares of Chatham Lodging Trust by 413.3% during the third quarter. Ameriprise Financial Inc. now owns 813,825 shares of the real estate investment trust’s stock worth $5,464,000 after acquiring an additional 655,265 shares during the last quarter. AQR Capital Management LLC lifted its position in Chatham Lodging Trust by 394.2% during the 2nd quarter. AQR Capital Management LLC now owns 486,346 shares of the real estate investment trust’s stock valued at $3,390,000 after purchasing an additional 387,937 shares during the period. Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of Chatham Lodging Trust during the 2nd quarter valued at $1,131,000. Institutional investors own 88.37% of the company’s stock.

Chatham Lodging Trust Company Profile

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.