BidaskClub lowered shares of Chatham Lodging Trust (REIT) (NYSE:CLDT) from a buy rating to a hold rating in a research note released on Tuesday morning.

CLDT has been the subject of a number of other research reports. Stifel Nicolaus restated a hold rating and set a $19.50 target price on shares of Chatham Lodging Trust (REIT) in a research report on Thursday, September 7th. Zacks Investment Research cut shares of Chatham Lodging Trust (REIT) from a hold rating to a sell rating in a research report on Tuesday. Cantor Fitzgerald restated a hold rating and set a $20.00 target price on shares of Chatham Lodging Trust (REIT) in a research report on Thursday, September 21st. JMP Securities upgraded shares of Chatham Lodging Trust (REIT) from a market perform rating to an outperform rating in a research report on Monday, August 28th. Finally, Janney Montgomery Scott initiated coverage on shares of Chatham Lodging Trust (REIT) in a research report on Friday, September 15th. They set a neutral rating and a $21.00 target price for the company. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of $20.92.

Chatham Lodging Trust (CLDT) opened at 21.59 on Tuesday. Chatham Lodging Trust has a 52-week low of $16.45 and a 52-week high of $21.68. The company’s 50 day moving average is $20.65 and its 200 day moving average is $20.04. The firm has a market cap of $845.64 million, a P/E ratio of 32.71 and a beta of 1.07.

Chatham Lodging Trust (REIT) (NYSE:CLDT) last released its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.52). The company had revenue of $77.90 million for the quarter, compared to analysts’ expectations of $77.84 million. Chatham Lodging Trust (REIT) had a return on equity of 3.76% and a net margin of 8.73%. The firm’s quarterly revenue was down .1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.69 EPS. Equities research analysts forecast that Chatham Lodging Trust will post $0.59 EPS for the current fiscal year.

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The firm also recently announced a monthly dividend, which will be paid on Friday, October 27th. Shareholders of record on Friday, September 29th will be given a dividend of $0.11 per share. This represents a $1.32 dividend on an annualized basis and a yield of 6.11%. The ex-dividend date is Thursday, September 28th. Chatham Lodging Trust (REIT)’s payout ratio is currently 200.00%.

In other news, Director Robert D. Perlmutter sold 2,566 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $20.37, for a total value of $52,269.42. Following the completion of the transaction, the director now owns 33,258 shares of the company’s stock, valued at $677,465.46. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 3.60% of the company’s stock.

Several large investors have recently bought and sold shares of CLDT. Northern Trust Corp raised its position in shares of Chatham Lodging Trust (REIT) by 65.7% in the second quarter. Northern Trust Corp now owns 1,078,405 shares of the real estate investment trust’s stock valued at $21,665,000 after buying an additional 427,418 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Chatham Lodging Trust (REIT) by 8.3% in the second quarter. Vanguard Group Inc. now owns 4,927,364 shares of the real estate investment trust’s stock valued at $98,990,000 after buying an additional 376,788 shares during the last quarter. Principal Financial Group Inc. acquired a new position in shares of Chatham Lodging Trust (REIT) in the second quarter valued at approximately $5,861,000. Bank of New York Mellon Corp raised its position in shares of Chatham Lodging Trust (REIT) by 90.1% in the second quarter. Bank of New York Mellon Corp now owns 610,776 shares of the real estate investment trust’s stock valued at $12,270,000 after buying an additional 289,400 shares during the last quarter. Finally, State Street Corp raised its position in shares of Chatham Lodging Trust (REIT) by 28.5% in the second quarter. State Street Corp now owns 1,133,956 shares of the real estate investment trust’s stock valued at $22,774,000 after buying an additional 251,188 shares during the last quarter. 83.07% of the stock is owned by institutional investors and hedge funds.

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.

Analyst Recommendations for Chatham Lodging Trust (REIT) (NYSE:CLDT)

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