Chatham Lodging Trust (CLDT) Given Average Recommendation of “Hold” by Brokerages

Shares of Chatham Lodging Trust (NYSE:CLDT) have been given an average recommendation of “Hold” by the ten ratings firms that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $20.80.

A number of analysts have issued reports on CLDT shares. Zacks Investment Research lowered Chatham Lodging Trust from a “buy” rating to a “hold” rating in a report on Friday, June 1st. TheStreet raised Chatham Lodging Trust from a “c+” rating to a “b-” rating in a report on Thursday, July 12th. ValuEngine lowered Chatham Lodging Trust from a “buy” rating to a “hold” rating in a report on Wednesday, May 2nd. Stifel Nicolaus reaffirmed a “hold” rating and issued a $20.00 target price on shares of Chatham Lodging Trust in a report on Wednesday, August 1st. Finally, B. Riley raised their target price on Chatham Lodging Trust from $20.00 to $21.00 and gave the company a “neutral” rating in a report on Thursday, August 2nd.

In other Chatham Lodging Trust news, Director C Gerald Goldsmith sold 1,800 shares of the firm’s stock in a transaction that occurred on Friday, August 3rd. The stock was sold at an average price of $21.65, for a total value of $38,970.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 3.40% of the company’s stock.

Several hedge funds have recently made changes to their positions in CLDT. Assetmark Inc. lifted its position in shares of Chatham Lodging Trust by 137.2% in the 2nd quarter. Assetmark Inc. now owns 5,296 shares of the real estate investment trust’s stock worth $112,000 after acquiring an additional 3,063 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in shares of Chatham Lodging Trust in the 2nd quarter worth approximately $206,000. Piedmont Investment Advisors LLC bought a new stake in shares of Chatham Lodging Trust in the 2nd quarter worth approximately $227,000. Cubist Systematic Strategies LLC bought a new stake in shares of Chatham Lodging Trust in the 1st quarter worth approximately $237,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Chatham Lodging Trust by 172.8% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,434 shares of the real estate investment trust’s stock worth $243,000 after acquiring an additional 7,243 shares during the period. Institutional investors own 86.73% of the company’s stock.

Shares of NYSE CLDT opened at $20.80 on Monday. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.66. The stock has a market cap of $961.17 million, a PE ratio of 9.72 and a beta of 1.07. Chatham Lodging Trust has a 52 week low of $17.90 and a 52 week high of $23.91.

Chatham Lodging Trust (NYSE:CLDT) last issued its quarterly earnings data on Wednesday, August 1st. The real estate investment trust reported $0.29 EPS for the quarter, missing the Zacks’ consensus estimate of $0.58 by ($0.29). The company had revenue of $86.59 million for the quarter, compared to analyst estimates of $83.34 million. Chatham Lodging Trust had a net margin of 11.54% and a return on equity of 4.61%. research analysts expect that Chatham Lodging Trust will post 1.92 earnings per share for the current year.

The firm also recently announced a monthly dividend, which will be paid on Friday, August 31st. Shareholders of record on Tuesday, July 31st will be issued a $0.11 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 6.35%. The ex-dividend date is Monday, July 30th. Chatham Lodging Trust’s dividend payout ratio (DPR) is currently 61.68%.

Chatham Lodging Trust Company Profile

Chatham Lodging Trust is a self-advised, publicly-traded real estate investment trust focused primarily on investing in upscale, extended-stay hotels and premium-branded, select-service hotels. The company owns interests in 135 hotels totaling 18,518 rooms/suites, comprised of 40 properties it wholly owns with an aggregate of 6,020 rooms/suites in 15 states and the District of Columbia and a minority investment in two joint ventures that own 95 hotels with an aggregate of 12,498 rooms/suites.

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Analyst Recommendations for Chatham Lodging Trust (NYSE:CLDT)

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