Chatham Lodging Trust (NYSE:CLDT) PT Lowered to $12.00 at Barclays

Chatham Lodging Trust (NYSE:CLDT) had its price target trimmed by Barclays from $13.00 to $12.00 in a report published on Wednesday, Benzinga reports. The firm currently has an overweight rating on the real estate investment trust’s stock.

Chatham Lodging Trust Trading Up 0.4 %

Chatham Lodging Trust stock opened at $9.29 on Wednesday. Chatham Lodging Trust has a 12 month low of $8.92 and a 12 month high of $11.32. The company has a market capitalization of $454.32 million, a price-to-earnings ratio of -84.45 and a beta of 1.74. The business’s fifty day simple moving average is $10.07 and its two-hundred day simple moving average is $10.17. The company has a current ratio of 3.08, a quick ratio of 3.08 and a debt-to-equity ratio of 0.49.

Chatham Lodging Trust (NYSE:CLDT) last announced its quarterly earnings results on Tuesday, February 27th. The real estate investment trust reported ($0.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.38). The firm had revenue of $72.28 million during the quarter, compared to the consensus estimate of $70.46 million. Chatham Lodging Trust had a return on equity of 0.33% and a net margin of 0.85%. During the same quarter in the previous year, the firm earned $0.20 EPS. As a group, equities analysts predict that Chatham Lodging Trust will post 1.15 earnings per share for the current fiscal year.

Chatham Lodging Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were issued a $0.07 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $0.28 dividend on an annualized basis and a yield of 3.01%. Chatham Lodging Trust’s payout ratio is currently -254.55%.

Hedge Funds Weigh In On Chatham Lodging Trust

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Raymond James & Associates raised its stake in shares of Chatham Lodging Trust by 13.2% in the first quarter. Raymond James & Associates now owns 33,025 shares of the real estate investment trust’s stock worth $455,000 after purchasing an additional 3,844 shares during the last quarter. Citigroup Inc. increased its holdings in Chatham Lodging Trust by 13.9% in the 1st quarter. Citigroup Inc. now owns 54,186 shares of the real estate investment trust’s stock worth $747,000 after buying an additional 6,597 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in Chatham Lodging Trust by 57.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 8,525 shares of the real estate investment trust’s stock worth $118,000 after buying an additional 3,111 shares in the last quarter. MetLife Investment Management LLC raised its position in Chatham Lodging Trust by 55.4% in the 1st quarter. MetLife Investment Management LLC now owns 25,843 shares of the real estate investment trust’s stock worth $356,000 after buying an additional 9,215 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in Chatham Lodging Trust by 14.1% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 42,043 shares of the real estate investment trust’s stock valued at $580,000 after acquiring an additional 5,184 shares during the period. 88.37% of the stock is owned by institutional investors.

Chatham Lodging Trust Company Profile

Chatham Lodging Trust is a self-advised, publicly traded real estate investment trust (REIT) focused primarily on investing in upscale, extended-stay hotels and premium-branded, select-service hotels. The company owns 39 hotels totaling 5,915 rooms/suites in 16 states and the District of Columbia.