Chatham Lodging Trust (CLDT) Receives $20.60 Average Target Price from Brokerages

Chatham Lodging Trust (NYSE:CLDT) has received a consensus rating of “Hold” from the seven brokerages that are covering the firm, MarketBeat.com reports. Five research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $20.60.

Separately, Zacks Investment Research upgraded Chatham Lodging Trust from a “sell” rating to a “hold” rating in a research report on Monday, December 17th.

Several institutional investors have recently modified their holdings of CLDT. PNC Financial Services Group Inc. grew its position in shares of Chatham Lodging Trust by 112.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,699 shares of the real estate investment trust’s stock valued at $66,000 after purchasing an additional 1,954 shares in the last quarter. Quantamental Technologies LLC bought a new position in shares of Chatham Lodging Trust in the 4th quarter valued at about $90,000. Eii Capital Management Inc. bought a new position in shares of Chatham Lodging Trust in the 4th quarter valued at about $91,000. Piedmont Investment Advisors Inc. lifted its holdings in shares of Chatham Lodging Trust by 4.8% in the 4th quarter. Piedmont Investment Advisors Inc. now owns 11,059 shares of the real estate investment trust’s stock valued at $196,000 after acquiring an additional 503 shares during the last quarter. Finally, OppenheimerFunds Inc. bought a new position in shares of Chatham Lodging Trust in the 2nd quarter valued at about $205,000. Hedge funds and other institutional investors own 84.94% of the company’s stock.

Shares of Chatham Lodging Trust stock traded up $0.24 during trading on Monday, reaching $20.77. 165,496 shares of the stock traded hands, compared to its average volume of 243,689. The firm has a market cap of $954.98 million, a price-to-earnings ratio of 9.71 and a beta of 1.22. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.65. Chatham Lodging Trust has a 52-week low of $17.29 and a 52-week high of $22.18.

The company also recently disclosed a monthly dividend, which will be paid on Friday, March 29th. Stockholders of record on Thursday, February 28th will be given a dividend of $0.11 per share. The ex-dividend date is Wednesday, February 27th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 6.36%. Chatham Lodging Trust’s payout ratio is 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 136 hotels totaling 18,616 rooms/suites, comprised of 41 properties it wholly owns with an aggregate of 6,117 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 12,499 rooms/suites.

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