Chatham Lodging Trust (NYSE:CLDT)‘s stock had its “hold” rating reiterated by analysts at Barclays in a research note issued to investors on Friday. They presently have a $23.00 price target on the real estate investment trust’s stock. Barclays’ price objective indicates a potential downside of 0.90% from the company’s current price.

CLDT has been the subject of several other research reports. BidaskClub raised Chatham Lodging Trust from a “hold” rating to a “buy” rating in a research note on Tuesday, September 26th. Janney Montgomery Scott assumed coverage on Chatham Lodging Trust in a research note on Friday, September 15th. They issued a “neutral” rating and a $21.00 price objective for the company. JMP Securities raised Chatham Lodging Trust from a “market perform” rating to an “outperform” rating in a research note on Monday, August 28th. Cantor Fitzgerald reaffirmed a “hold” rating and issued a $20.00 price objective on shares of Chatham Lodging Trust in a research note on Thursday, September 21st. Finally, Zacks Investment Research downgraded Chatham Lodging Trust from a “buy” rating to a “sell” rating in a research note on Tuesday, November 14th. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $21.25.

Shares of Chatham Lodging Trust (CLDT) traded up $0.06 during midday trading on Friday, reaching $23.21. The company’s stock had a trading volume of 818,100 shares, compared to its average volume of 333,374. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.42 and a current ratio of 1.42. The firm has a market capitalization of $1,050.38, a P/E ratio of 10.34 and a beta of 1.05. Chatham Lodging Trust has a 12-month low of $18.66 and a 12-month high of $23.34.

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

Hedge funds have recently made changes to their positions in the stock. Pinebridge Investments L.P. bought a new stake in Chatham Lodging Trust in the second quarter valued at approximately $101,000. Schroder Investment Management Group bought a new stake in Chatham Lodging Trust in the third quarter valued at approximately $112,000. Teachers Retirement System of The State of Kentucky bought a new stake in Chatham Lodging Trust in the second quarter valued at approximately $167,000. Municipal Employees Retirement System of Michigan bought a new stake in Chatham Lodging Trust in the second quarter valued at approximately $182,000. Finally, Fort Washington Investment Advisors Inc. OH bought a new stake in Chatham Lodging Trust in the second quarter valued at approximately $217,000. Institutional investors and hedge funds own 76.18% of the company’s stock.

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Chatham Lodging Trust 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). 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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