A number of research firms have changed their ratings and price targets for Chatham Lodging Trust (REIT) (NYSE: CLDT):

  • 11/14/2017 – Chatham Lodging Trust (REIT) was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “sell” rating. According to Zacks, “Chatham Lodging Trust is a self-advised hotel REIT, formed to invest in premium-branded upscale extended-stay and select-service hotels. The Company intends to invest primarily in hotels in large metropolitan markets in the United States. Chatham Lodging Trust expects that a significant portion of its portfolio will consist of hotels in the upscale extended-stay market, including brands such as Residence Inn by Marriott, Homewood Suites by Hilton and Summerfield Suites by Hyatt. It also intends to invest in premium-branded select-service hotels such as Courtyard by Marriott, Hampton Inn and Hampton Inn and Suites. “
  • 11/9/2017 – Chatham Lodging Trust (REIT) was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 11/5/2017 – Chatham Lodging Trust (REIT) had its “hold” rating reaffirmed by analysts at Barclays PLC.
  • 11/2/2017 – Chatham Lodging Trust (REIT) had its “neutral” rating reaffirmed by analysts at B. Riley.
  • 11/1/2017 – Chatham Lodging Trust (REIT) had its price target raised by analysts at Barclays PLC from $21.00 to $22.00. They now have an “equal weight” rating on the stock.
  • 10/23/2017 – Chatham Lodging Trust (REIT) was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 10/10/2017 – Chatham Lodging Trust (REIT) was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 10/6/2017 – Chatham Lodging Trust (REIT) was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $24.00 price target on the stock. According to Zacks, “Chatham Lodging Trust is a self-advised hotel REIT, formed to invest in premium-branded upscale extended-stay and select-service hotels. The Company intends to invest primarily in hotels in large metropolitan markets in the United States. Chatham Lodging Trust expects that a significant portion of its portfolio will consist of hotels in the upscale extended-stay market, including brands such as Residence Inn by Marriott, Homewood Suites by Hilton and Summerfield Suites by Hyatt. It also intends to invest in premium-branded select-service hotels such as Courtyard by Marriott, Hampton Inn and Hampton Inn and Suites. “
  • 10/3/2017 – Chatham Lodging Trust (REIT) was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Chatham Lodging Trust is a self-advised hotel REIT, formed to invest in premium-branded upscale extended-stay and select-service hotels. The Company intends to invest primarily in hotels in large metropolitan markets in the United States. Chatham Lodging Trust expects that a significant portion of its portfolio will consist of hotels in the upscale extended-stay market, including brands such as Residence Inn by Marriott, Homewood Suites by Hilton and Summerfield Suites by Hyatt. It also intends to invest in premium-branded select-service hotels such as Courtyard by Marriott, Hampton Inn and Hampton Inn and Suites. “
  • 10/3/2017 – Chatham Lodging Trust (REIT) was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 9/26/2017 – Chatham Lodging Trust (REIT) was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 9/21/2017 – Chatham Lodging Trust (REIT) had its “hold” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $20.00 price target on the stock. They 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.””

Shares of Chatham Lodging Trust (NYSE CLDT) opened at $22.64 on Friday. The company has a market cap of $1,017.71, a PE ratio of 10.01 and a beta of 1.03. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.86. Chatham Lodging Trust has a 1-year low of $18.66 and a 1-year high of $23.27.

Chatham Lodging Trust (REIT) (NYSE:CLDT) last posted its quarterly earnings results on Tuesday, October 31st. The real estate investment trust reported $0.68 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.01. The company had revenue of $81.40 million during the quarter, compared to analyst estimates of $80.12 million. Chatham Lodging Trust (REIT) had a net margin of 9.03% and a return on equity of 3.90%. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.71 earnings per share. sell-side analysts expect that Chatham Lodging Trust will post 2.16 EPS for the current year.

The business also recently declared a monthly dividend, which will be paid on Friday, December 29th. Investors of record on Thursday, November 30th will be given a dividend of $0.11 per share. The ex-dividend date is Wednesday, November 29th. This represents a $1.32 annualized dividend and a yield of 5.83%. Chatham Lodging Trust (REIT)’s payout ratio is currently 194.12%.

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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