Chatham Lodging Trust (NYSE:CLDT) Upgraded to Hold at StockNews.com

Chatham Lodging Trust (NYSE:CLDT) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Wednesday.

Separately, Barclays cut their target price on shares of Chatham Lodging Trust from $13.00 to $12.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 17th.

Chatham Lodging Trust Trading Up 3.3 %

CLDT opened at $8.05 on Wednesday. Chatham Lodging Trust has a 52 week low of $7.60 and a 52 week high of $11.32. The company has a quick ratio of 3.25, a current ratio of 3.25 and a debt-to-equity ratio of 0.49. The business has a fifty day simple moving average of $8.46 and a 200-day simple moving average of $9.28. The firm has a market cap of $393.71 million, a P/E ratio of -67.67 and a beta of 1.80.

Chatham Lodging Trust (NYSE:CLDT) last issued its quarterly earnings results on Friday, August 2nd. The real estate investment trust reported $0.10 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.26). Chatham Lodging Trust had a net margin of 0.73% and a return on equity of 0.28%. The business had revenue of $86.48 million during the quarter, compared to analysts’ expectations of $85.48 million. During the same period in the prior year, the business earned $0.43 EPS. On average, equities analysts expect that Chatham Lodging Trust will post 1.08 earnings per share for the current year.

Insider Transactions at Chatham Lodging Trust

In other Chatham Lodging Trust news, COO Dennis M. Craven bought 12,000 shares of the business’s stock in a transaction dated Monday, June 10th. The shares were acquired at an average price of $7.88 per share, with a total value of $94,560.00. Following the transaction, the chief operating officer now owns 110,943 shares of the company’s stock, valued at $874,230.84. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 6.50% of the company’s stock.

Hedge Funds Weigh In On Chatham Lodging Trust

Several hedge funds have recently added to or reduced their stakes in the stock. Quadrant Capital Group LLC lifted its position in shares of Chatham Lodging Trust by 80.6% during the 4th quarter. Quadrant Capital Group LLC now owns 4,726 shares of the real estate investment trust’s stock worth $51,000 after buying an additional 2,109 shares during the last quarter. Meeder Asset Management Inc. acquired a new stake in Chatham Lodging Trust during the 2nd quarter worth $46,000. Quest Partners LLC purchased a new stake in Chatham Lodging Trust in the fourth quarter valued at $70,000. Point72 DIFC Ltd purchased a new stake in Chatham Lodging Trust in the second quarter valued at $63,000. Finally, Allspring Global Investments Holdings LLC boosted its stake in Chatham Lodging Trust by 322.6% in the second quarter. Allspring Global Investments Holdings LLC now owns 9,939 shares of the real estate investment trust’s stock valued at $85,000 after acquiring an additional 7,587 shares in the last quarter. 88.37% of the stock is currently owned by hedge funds and other 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.