Chatham Lodging Trust (NYSE:CLDT) Raised to Strong-Buy at Zacks Research

Chatham Lodging Trust (NYSE:CLDT) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a report issued on Thursday,Zacks.com reports.

Several other equities research analysts have also issued reports on the stock. Stifel Nicolaus set a $13.00 price target on shares of Chatham Lodging Trust in a report on Friday, June 5th. BMO Capital Markets reaffirmed a “market perform” rating and set a $12.00 target price on shares of Chatham Lodging Trust in a research note on Friday, June 12th. Weiss Ratings upgraded shares of Chatham Lodging Trust from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, June 1st. Finally, Alliance Global Partners reiterated a “buy” rating on shares of Chatham Lodging Trust in a research note on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Chatham Lodging Trust currently has a consensus rating of “Moderate Buy” and a consensus price target of $12.50.

Chatham Lodging Trust Trading Up 1.9%

NYSE:CLDT opened at $12.85 on Thursday. Chatham Lodging Trust has a fifty-two week low of $6.08 and a fifty-two week high of $13.64. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.73 and a quick ratio of 0.73. The business’s 50-day simple moving average is $11.61 and its 200-day simple moving average is $9.01. The stock has a market capitalization of $600.02 million, a PE ratio of 642.70 and a beta of 1.08.

Institutional Trading of Chatham Lodging Trust

Several hedge funds have recently modified their holdings of the stock. Royal Bank of Canada lifted its position in shares of Chatham Lodging Trust by 26.7% during the 1st quarter. Royal Bank of Canada now owns 193,422 shares of the real estate investment trust’s stock valued at $1,379,000 after acquiring an additional 40,746 shares during the period. AQR Capital Management LLC grew its holdings in Chatham Lodging Trust by 35.8% in the first quarter. AQR Capital Management LLC now owns 98,409 shares of the real estate investment trust’s stock worth $702,000 after purchasing an additional 25,926 shares during the period. Jane Street Group LLC increased its stake in Chatham Lodging Trust by 6.6% in the first quarter. Jane Street Group LLC now owns 289,534 shares of the real estate investment trust’s stock valued at $2,064,000 after purchasing an additional 18,030 shares in the last quarter. Acadian Asset Management LLC bought a new stake in Chatham Lodging Trust in the first quarter valued at $62,000. Finally, Strs Ohio acquired a new position in shares of Chatham Lodging Trust during the first quarter valued at about $61,000. Institutional investors own 88.37% of the company’s stock.

About Chatham Lodging Trust

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.