Zacks Research Upgrades Chatham Lodging Trust (NYSE:CLDT) to Hold

Chatham Lodging Trust (NYSE:CLDT) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Chatham Lodging Trust in a research note on Monday, December 29th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $9.50.

Chatham Lodging Trust Price Performance

Shares of CLDT opened at $7.52 on Tuesday. The stock has a market cap of $365.06 million, a P/E ratio of 755.40 and a beta of 1.14. Chatham Lodging Trust has a 1 year low of $5.83 and a 1 year high of $8.47. The stock’s 50-day moving average price is $7.10 and its two-hundred day moving average price is $6.93. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.18.

Institutional Investors Weigh In On Chatham Lodging Trust

A number of hedge funds and other institutional investors have recently bought and sold shares of CLDT. Tower Research Capital LLC TRC lifted its position in shares of Chatham Lodging Trust by 195.0% in the second quarter. Tower Research Capital LLC TRC now owns 5,836 shares of the real estate investment trust’s stock worth $41,000 after purchasing an additional 3,858 shares in the last quarter. Advisory Services Network LLC bought a new stake in Chatham Lodging Trust in the 3rd quarter valued at $52,000. Quarry LP lifted its stake in shares of Chatham Lodging Trust by 61.9% during the 3rd quarter. Quarry LP now owns 8,629 shares of the real estate investment trust’s stock worth $58,000 after buying an additional 3,300 shares during the last quarter. Strs Ohio acquired a new stake in Chatham Lodging Trust during the first quarter worth approximately $61,000. Finally, Acadian Asset Management LLC bought a new stake in Chatham Lodging Trust in the 1st quarter valued at $62,000. Institutional investors and hedge funds own 88.37% of the company’s stock.

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.