Chatham Lodging Trust (REIT) (CLDT) Receives “Neutral” Rating from B. Riley
Chatham Lodging Trust (REIT) (NYSE:CLDT)‘s stock had its “neutral” rating reiterated by research analysts at B. Riley in a report issued on Thursday.
Several other equities research analysts also recently commented on the company. Barclays PLC boosted their price objective on Chatham Lodging Trust (REIT) from $21.00 to $22.00 and gave the company an “equal weight” rating in a report on Wednesday. BidaskClub downgraded Chatham Lodging Trust (REIT) from a “buy” rating to a “hold” rating in a report on Monday, October 23rd. Zacks Investment Research upgraded Chatham Lodging Trust (REIT) from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a report on Friday, October 6th. Cantor Fitzgerald reiterated a “hold” rating and set a $20.00 price target on shares of Chatham Lodging Trust (REIT) in a report on Thursday, September 21st. Finally, Janney Montgomery Scott assumed coverage on Chatham Lodging Trust (REIT) in a report on Friday, September 15th. They set a “neutral” rating and a $21.00 price target for the company. Seven analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $21.08.
Chatham Lodging Trust (NYSE:CLDT) traded down $0.02 during midday trading on Thursday, hitting $22.42. The stock had a trading volume of 288,821 shares, compared to its average volume of 279,547. The company has a market capitalization of $905.14, a P/E ratio of 10.03 and a beta of 1.03. Chatham Lodging Trust has a 52-week low of $16.74 and a 52-week high of $22.60. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.62 and a current ratio of 1.42.
Chatham Lodging Trust (REIT) (NYSE:CLDT) last released its quarterly earnings data on Tuesday, October 31st. The real estate investment trust reported $0.68 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.01. The firm had revenue of $81.40 million during the quarter, compared to the consensus estimate of $80.12 million. Chatham Lodging Trust (REIT) had a return on equity of 3.90% and a net margin of 9.03%. The company’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.71 earnings per share. equities analysts expect that Chatham Lodging Trust will post 2.17 EPS for the current year.
In related news, Director Robert D. Perlmutter sold 2,566 shares of the company’s stock in a transaction on Tuesday, August 8th. The stock was 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 $677,465.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 3.60% of the company’s stock.
A number of hedge funds have recently bought and sold shares of CLDT. Pinebridge Investments L.P. purchased a new position in Chatham Lodging Trust (REIT) in the second quarter worth $101,000. State of Alaska Department of Revenue purchased a new position in Chatham Lodging Trust (REIT) in the second quarter worth $151,000. Teachers Retirement System of The State of Kentucky purchased a new position in Chatham Lodging Trust (REIT) in the second quarter worth $167,000. Municipal Employees Retirement System of Michigan purchased a new position in Chatham Lodging Trust (REIT) in the second quarter worth $182,000. Finally, HighTower Advisors LLC purchased a new position in Chatham Lodging Trust (REIT) in the first quarter worth $208,000. 81.52% of the stock is currently owned by institutional investors and hedge funds.
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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