Chatham Lodging Trust (REIT)’s (CLDT) Hold Rating Reiterated at Stifel Nicolaus
Chatham Lodging Trust (REIT) (NYSE:CLDT)‘s stock had its “hold” rating reissued by stock analysts at Stifel Nicolaus in a research note issued to investors on Thursday. They presently have a $19.50 price objective on the real estate investment trust’s stock. Stifel Nicolaus’ target price points to a potential downside of 3.37% from the company’s previous close.
Several other analysts also recently issued reports on CLDT. Zacks Investment Research downgraded Chatham Lodging Trust (REIT) from a “buy” rating to a “hold” rating in a research note on Monday, May 15th. JMP Securities raised Chatham Lodging Trust (REIT) from a “market perform” rating to an “outperform” rating in a report on Monday, August 28th. Finally, FBR & Co reaffirmed a “hold” rating and issued a $20.00 price objective on shares of Chatham Lodging Trust (REIT) in a report on Friday, May 12th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Chatham Lodging Trust (REIT) presently has a consensus rating of “Hold” and an average target price of $19.88.
Chatham Lodging Trust (NYSE:CLDT) traded down 0.74% on Thursday, reaching $20.18. The company’s stock had a trading volume of 540,621 shares. Chatham Lodging Trust has a 12 month low of $16.45 and a 12 month high of $21.55. The company has a market cap of $790.41 million, a P/E ratio of 30.58 and a beta of 1.05. The company has a 50-day moving average price of $20.21 and a 200 day moving average price of $19.85.
Chatham Lodging Trust (REIT) (NYSE:CLDT) last released its quarterly earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.65 by $0.52. The firm had revenue of $77.90 million during the quarter, compared to the consensus estimate of $77.84 million. Chatham Lodging Trust (REIT) had a net margin of 8.73% and a return on equity of 3.76%. The business’s revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.69 earnings per share. On average, equities research analysts anticipate that Chatham Lodging Trust will post $0.59 EPS for the current fiscal year.
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In other Chatham Lodging Trust (REIT) news, Director Robert D. Perlmutter sold 2,566 shares of Chatham Lodging Trust (REIT) stock in a transaction on Tuesday, August 8th. The stock was 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 directly owns 33,258 shares of the company’s stock, valued at approximately $677,465.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.60% of the stock is owned by insiders.
Institutional investors have recently bought and sold shares of the company. Pinebridge Investments L.P. acquired a new position in shares of Chatham Lodging Trust (REIT) during the 2nd quarter worth $101,000. Acadian Asset Management LLC acquired a new position in shares of Chatham Lodging Trust (REIT) during the 1st quarter worth $148,000. State of Alaska Department of Revenue acquired a new position in shares of Chatham Lodging Trust (REIT) during the 2nd quarter worth $151,000. Teachers Retirement System of The State of Kentucky acquired a new position in shares of Chatham Lodging Trust (REIT) during the 2nd quarter worth $167,000. Finally, Municipal Employees Retirement System of Michigan acquired a new position in shares of Chatham Lodging Trust (REIT) during the 2nd quarter worth $182,000. 83.10% of the stock is owned by institutional investors.
Chatham Lodging Trust (REIT) Company Profile
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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