Chatham Lodging Trust (REIT) (NYSE:CLDT)‘s stock had its “hold” rating reissued by investment analysts at Cantor Fitzgerald in a report issued on Thursday. They currently have a $20.00 price objective on the real estate investment trust’s stock. Cantor Fitzgerald’s price objective would suggest a potential downside of 4.81% from the stock’s current price.

The analysts wrote, “Today, the company announced the acquisition of a recently renovated Hilton Garden Inn in Portsmouth, NH, for $43.5m at 8.0% cap rate.””

CLDT has been the subject of several other research reports. Janney Montgomery Scott began coverage on shares of Chatham Lodging Trust (REIT) in a research note on Friday, September 15th. They issued a “neutral” rating and a $21.00 price objective for the company. Stifel Nicolaus reiterated a “hold” rating and issued a $19.50 price objective on shares of Chatham Lodging Trust (REIT) in a research note on Thursday, September 7th. Finally, JMP Securities upgraded shares of Chatham Lodging Trust (REIT) from a “market perform” rating to an “outperform” rating in a research note on Monday, August 28th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Chatham Lodging Trust (REIT) has an average rating of “Hold” and an average price target of $20.30.

Chatham Lodging Trust (REIT) (NYSE:CLDT) last announced its earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.13 EPS for the quarter, missing the consensus estimate of $0.65 by ($0.52). The company had revenue of $77.90 million for the quarter, compared to the consensus estimate of $77.84 million. Chatham Lodging Trust (REIT) had a return on equity of 3.76% and a net margin of 8.73%. The business’s quarterly revenue was down .1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.69 EPS.

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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 directly owns 33,258 shares in the company, valued at approximately $677,465.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 3.60% of the stock is currently owned by insiders.

Large investors have recently modified their holdings of the company. Great West Life Assurance Co. Can grew its holdings in shares of Chatham Lodging Trust (REIT) by 1,268.3% during the 2nd quarter. Great West Life Assurance Co. Can now owns 56,100 shares of the real estate investment trust’s stock valued at $1,126,000 after purchasing an additional 52,000 shares during the last quarter. Virginia Retirement Systems ET AL grew its holdings in shares of Chatham Lodging Trust (REIT) by 117.8% during the 2nd quarter. Virginia Retirement Systems ET AL now owns 71,000 shares of the real estate investment trust’s stock valued at $1,426,000 after purchasing an additional 38,400 shares during the last quarter. TIAA CREF Investment Management LLC grew its holdings in shares of Chatham Lodging Trust (REIT) by 21.7% during the 1st quarter. TIAA CREF Investment Management LLC now owns 218,060 shares of the real estate investment trust’s stock valued at $4,307,000 after purchasing an additional 38,859 shares during the last quarter. Prudential Financial Inc. grew its holdings in shares of Chatham Lodging Trust (REIT) by 26.9% during the 2nd quarter. Prudential Financial Inc. now owns 508,863 shares of the real estate investment trust’s stock valued at $10,223,000 after purchasing an additional 107,880 shares during the last quarter. Finally, UBS Asset Management Americas Inc. grew its holdings in shares of Chatham Lodging Trust (REIT) by 36.2% during the 1st quarter. UBS Asset Management Americas Inc. now owns 70,729 shares of the real estate investment trust’s stock valued at $1,397,000 after purchasing an additional 18,798 shares during the last quarter. Institutional investors own 83.07% 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.

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

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