Stifel Nicolaus Issues Positive Forecast for Chatham Lodging Trust (NYSE:CLDT) Stock Price

Chatham Lodging Trust (NYSE:CLDT) had its price target increased by analysts at Stifel Nicolaus from $13.00 to $14.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the real estate investment trust’s stock. Stifel Nicolaus’ price objective suggests a potential upside of 8.89% from the stock’s previous close.

Several other research analysts have also recently issued reports on the stock. Weiss Ratings upgraded shares of Chatham Lodging Trust from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, June 1st. BMO Capital Markets reaffirmed a “market perform” rating and issued a $12.00 price target on shares of Chatham Lodging Trust in a research note on Friday, June 12th. Zacks Research upgraded shares of Chatham Lodging Trust from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 9th. Finally, Alliance Global Partners reaffirmed a “buy” rating on shares of Chatham Lodging Trust in a research report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Chatham Lodging Trust presently has a consensus rating of “Moderate Buy” and an average price target of $13.00.

Chatham Lodging Trust Trading Down 0.0%

NYSE:CLDT opened at $12.86 on Tuesday. The stock’s fifty day moving average price is $11.70 and its two-hundred day moving average price is $9.07. The company has a market cap of $600.16 million, a P/E ratio of 642.85 and a beta of 1.08. Chatham Lodging Trust has a 1 year low of $6.08 and a 1 year high of $13.64. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.73 and a quick ratio of 0.73.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of CLDT. Sculptor Capital LP purchased a new position in Chatham Lodging Trust during the second quarter valued at approximately $14,901,000. Aegis Financial Corp bought a new position in Chatham Lodging Trust in the fourth quarter worth approximately $4,621,000. Ameriprise Financial Inc. lifted its holdings in 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 buying an additional 655,265 shares during the period. AQR Capital Management LLC boosted 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 acquiring an additional 387,937 shares in the last quarter. Finally, Kennedy Capital Management LLC boosted its position in Chatham Lodging Trust by 24.0% during the 3rd quarter. Kennedy Capital Management LLC now owns 801,619 shares of the real estate investment trust’s stock valued at $5,379,000 after acquiring an additional 155,023 shares in the last quarter. 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.