Chatham Lodging Trust (REIT) (NYSE:CLDT) was downgraded by stock analysts at BidaskClub from a “buy” rating to a “hold” rating in a research note issued on Tuesday.

Several other research analysts have also weighed in on CLDT. Zacks Investment Research lowered shares of Chatham Lodging Trust (REIT) from a “hold” rating to a “sell” rating in a research note on Tuesday. Cantor Fitzgerald reiterated a “hold” rating and issued a $20.00 target price on shares of Chatham Lodging Trust (REIT) in a research note on Thursday, September 21st. 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 target price for the company. Stifel Nicolaus reiterated a “hold” rating and set a $19.50 price target on shares of Chatham Lodging Trust (REIT) in a report on Thursday, September 7th. Finally, JMP Securities upgraded Chatham Lodging Trust (REIT) from a “market perform” rating to an “outperform” rating in a report on Monday, August 28th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company. Chatham Lodging Trust (REIT) presently has a consensus rating of “Hold” and a consensus target price of $20.30.

Chatham Lodging Trust (NYSE:CLDT) traded down 0.84% during mid-day trading on Tuesday, reaching $21.20. The company’s stock had a trading volume of 215,042 shares. The company has a 50 day moving average of $20.53 and a 200-day moving average of $20.01. Chatham Lodging Trust has a 52-week low of $16.45 and a 52-week high of $21.55. The stock has a market cap of $830.36 million, a PE ratio of 32.12 and a beta of 1.07.

Chatham Lodging Trust (REIT) (NYSE:CLDT) last posted 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 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 revenue was down .1% compared to the same quarter last year. During the same period last year, the company posted $0.69 earnings per share. Equities analysts forecast that Chatham Lodging Trust will post $0.59 earnings per share for the current year.

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In other news, Director Robert D. Perlmutter sold 2,566 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $20.37, for a total transaction of $52,269.42. Following the completion of the sale, the director now owns 33,258 shares in the company, valued at approximately $677,465.46. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 3.60% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in CLDT. First Trust Advisors LP lifted its holdings in Chatham Lodging Trust (REIT) by 11.6% during the 1st quarter. First Trust Advisors LP now owns 137,616 shares of the real estate investment trust’s stock worth $2,718,000 after purchasing an additional 14,249 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in Chatham Lodging Trust (REIT) by 3.5% in the 1st quarter. Bank of New York Mellon Corp now owns 321,376 shares of the real estate investment trust’s stock valued at $6,347,000 after buying an additional 10,821 shares in the last quarter. BNP Paribas Arbitrage SA grew its holdings in Chatham Lodging Trust (REIT) by 11.1% in the 1st quarter. BNP Paribas Arbitrage SA now owns 13,401 shares of the real estate investment trust’s stock valued at $265,000 after buying an additional 1,341 shares in the last quarter. Comerica Bank acquired a new position in Chatham Lodging Trust (REIT) in the 1st quarter valued at $359,000. Finally, Swiss National Bank grew its holdings in Chatham Lodging Trust (REIT) by 4.5% in the 1st quarter. Swiss National Bank now owns 63,100 shares of the real estate investment trust’s stock valued at $1,246,000 after buying an additional 2,700 shares in the last quarter. Institutional investors own 83.07% of the company’s stock.

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.

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

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