JMP Securities upgraded shares of Chatham Lodging Trust (REIT) (NYSE:CLDT) from a market perform rating to an outperform rating in a research report sent to investors on Monday.

A number of other equities research analysts have also recently commented on the company. Zacks Investment Research upgraded Chatham Lodging Trust (REIT) from a sell rating to a hold rating in a research report on Monday, May 1st. FBR & Co reiterated a hold rating and issued a $20.00 price objective on shares of Chatham Lodging Trust (REIT) in a report on Friday, May 12th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company has an average rating of Hold and an average target price of $19.75.

Shares of Chatham Lodging Trust (NYSE CLDT) opened at 20.28 on Monday. The company has a 50 day moving average price of $20.24 and a 200-day moving average price of $19.86. Chatham Lodging Trust has a 52-week low of $16.45 and a 52-week high of $21.70. The stock has a market capitalization of $794.33 million, a P/E ratio of 30.73 and a beta of 1.05.

Chatham Lodging Trust (REIT) (NYSE:CLDT) last posted its earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.13 EPS for the quarter, missing the Zacks’ consensus estimate of $0.65 by $0.52. Chatham Lodging Trust (REIT) had a net margin of 8.73% and a return on equity of 3.76%. The business had revenue of $77.90 million for the quarter, compared to analyst estimates of $77.84 million. During the same quarter last year, the business earned $0.69 earnings per share. Chatham Lodging Trust (REIT)’s revenue was down .1% on a year-over-year basis. On average, analysts predict that Chatham Lodging Trust will post $0.59 earnings per share for the current fiscal year.

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The company also recently disclosed a monthly dividend, which will be paid on Friday, September 29th. Investors of record on Thursday, August 31st will be issued a $0.11 dividend. This represents a $1.32 annualized dividend and a yield of 6.51%. The ex-dividend date is Tuesday, August 29th. Chatham Lodging Trust (REIT)’s payout ratio is 200.00%.

In related news, Director Robert D. Perlmutter sold 2,566 shares of Chatham Lodging Trust (REIT) stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $20.37, for a total value of $52,269.42. Following the sale, the director now directly owns 33,258 shares in the company, valued at approximately $677,465.46. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 3.60% of the company’s stock.

Large investors have recently bought and sold shares of the company. UBS Asset Management Americas Inc. boosted its stake in Chatham Lodging Trust (REIT) by 15.6% in the fourth quarter. UBS Asset Management Americas Inc. now owns 51,931 shares of the real estate investment trust’s stock valued at $1,067,000 after buying an additional 6,990 shares during the last quarter. Teachers Advisors LLC boosted its stake in Chatham Lodging Trust (REIT) by 435.5% in the fourth quarter. Teachers Advisors LLC now owns 320,332 shares of the real estate investment trust’s stock valued at $6,583,000 after buying an additional 260,515 shares during the last quarter. Fisher Asset Management LLC boosted its stake in Chatham Lodging Trust (REIT) by 36.8% in the first quarter. Fisher Asset Management LLC now owns 31,650 shares of the real estate investment trust’s stock valued at $625,000 after buying an additional 8,521 shares during the last quarter. Acadian Asset Management LLC purchased a new stake in Chatham Lodging Trust (REIT) during the first quarter valued at about $148,000. Finally, Bowling Portfolio Management LLC purchased a new stake in Chatham Lodging Trust (REIT) during the first quarter valued at about $420,000. Institutional investors own 83.10% of the company’s stock.

About Chatham Lodging Trust (REIT)

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). As of December 31, 2016, the Company owned 38 hotels with an aggregate of 5,712 rooms located in 15 states and the District of Columbia.

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