Chatham Lodging Trust (REIT) (NYSE:CLDT) has been assigned an average recommendation of “Hold” from the ten analysts that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $20.13.

A number of research firms recently issued reports on CLDT. BidaskClub upgraded shares of Chatham Lodging Trust from a “hold” rating to a “buy” rating in a report on Tuesday, September 26th. Barclays raised their price objective on shares of Chatham Lodging Trust from $21.00 to $22.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 1st. Janney Montgomery Scott began coverage on shares of Chatham Lodging Trust in a report on Friday, September 15th. They set a “neutral” rating and a $21.00 price objective for the company. JMP Securities upgraded shares of Chatham Lodging Trust from a “market perform” rating to an “outperform” rating in a report on Monday, August 28th. Finally, Cantor Fitzgerald restated a “hold” rating and set a $20.00 price objective on shares of Chatham Lodging Trust in a report on Thursday, September 21st.

Shares of Chatham Lodging Trust (NYSE:CLDT) opened at $22.63 on Wednesday. Chatham Lodging Trust has a 1-year low of $18.66 and a 1-year high of $23.27. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.86. The stock has a market cap of $914.42, a PE ratio of 10.12 and a beta of 1.05.

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

The firm also recently announced a monthly dividend, which will be paid on Friday, December 29th. Stockholders of record on Thursday, November 30th will be paid a $0.11 dividend. The ex-dividend date is Wednesday, November 29th. This represents a $1.32 annualized dividend and a dividend yield of 5.83%. Chatham Lodging Trust’s payout ratio is 197.01%.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of Chatham Lodging Trust by 8.3% in the second quarter. Vanguard Group Inc. now owns 4,927,364 shares of the real estate investment trust’s stock worth $98,990,000 after purchasing an additional 376,788 shares in the last quarter. Fuller & Thaler Asset Management Inc. increased its stake in shares of Chatham Lodging Trust by 0.5% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 3,325,682 shares of the real estate investment trust’s stock worth $70,904,000 after purchasing an additional 17,912 shares in the last quarter. State Street Corp increased its stake in shares of Chatham Lodging Trust by 28.5% in the second quarter. State Street Corp now owns 1,133,956 shares of the real estate investment trust’s stock worth $22,774,000 after purchasing an additional 251,188 shares in the last quarter. Boston Partners increased its stake in shares of Chatham Lodging Trust by 3.1% in the third quarter. Boston Partners now owns 1,124,547 shares of the real estate investment trust’s stock worth $23,975,000 after purchasing an additional 33,450 shares in the last quarter. Finally, Northern Trust Corp increased its stake in shares of Chatham Lodging Trust by 65.7% in the second quarter. Northern Trust Corp now owns 1,078,405 shares of the real estate investment trust’s stock worth $21,665,000 after purchasing an additional 427,418 shares in the last quarter. Hedge funds and other institutional investors own 76.18% of the company’s stock.

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About Chatham Lodging Trust

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). The Company owned 40 hotels with an aggregate of 5,939 rooms located in 16 states and the District of Columbia.

Analyst Recommendations for Chatham Lodging Trust (NYSE:CLDT)

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