Shares of Chatham Lodging Trust (NYSE:CLDT) have earned an average recommendation of “Hold” from the nine brokerages that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $20.70.
A number of equities research analysts have recently weighed in on the company. BidaskClub upgraded Chatham Lodging Trust from a “hold” rating to a “buy” rating in a research report on Thursday, November 9th. Zacks Investment Research downgraded Chatham Lodging Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, January 2nd. Barclays restated a “hold” rating and set a $23.00 target price on shares of Chatham Lodging Trust in a research report on Friday, December 15th. Finally, B. Riley restated a “neutral” rating on shares of Chatham Lodging Trust in a research report on Thursday, November 2nd.
Shares of Chatham Lodging Trust (NYSE:CLDT) opened at $21.13 on Monday. The firm has a market capitalization of $958.77, a price-to-earnings ratio of 31.54 and a beta of 1.01. Chatham Lodging Trust has a 52-week low of $18.66 and a 52-week high of $23.91. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.42 and a current ratio of 1.42.
Several hedge funds have recently added to or reduced their stakes in CLDT. Schroder Investment Management Group bought a new stake in Chatham Lodging Trust in the third quarter valued at about $112,000. Teachers Retirement System of The State of Kentucky bought a new stake in Chatham Lodging Trust in the second quarter valued at about $167,000. Advisor Group Inc. increased its holdings in Chatham Lodging Trust by 91.0% in the fourth quarter. Advisor Group Inc. now owns 7,652 shares of the real estate investment trust’s stock valued at $174,000 after purchasing an additional 3,645 shares during the last quarter. Aperio Group LLC bought a new stake in Chatham Lodging Trust in the fourth quarter valued at about $223,000. Finally, Raymond James Financial Services Advisors Inc. bought a new stake in Chatham Lodging Trust in the second quarter valued at about $239,000. Institutional investors own 75.91% 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 41 hotels with an aggregate of 6,163 rooms located in 16 states and the District of Columbia.
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