Chatham Lodging Trust (REIT) (CLDT) Upgraded at BidaskClub

BidaskClub upgraded shares of Chatham Lodging Trust (REIT) (NYSE:CLDT) from a hold rating to a buy rating in a research report report published on Thursday morning.

A number of other brokerages also recently issued reports on CLDT. Stifel Nicolaus reaffirmed a hold rating and set a $19.50 price target on shares of Chatham Lodging Trust (REIT) in a report on Thursday, September 7th. B. Riley reaffirmed a neutral rating on shares of Chatham Lodging Trust (REIT) in a report on Thursday, November 2nd. Zacks Investment Research downgraded Chatham Lodging Trust (REIT) from a hold rating to a sell rating in a report on Tuesday, October 3rd. Barclays PLC reaffirmed a hold rating on shares of Chatham Lodging Trust (REIT) in a report on Sunday, November 5th. Finally, Cantor Fitzgerald reaffirmed a hold rating and set a $20.00 price target on shares of Chatham Lodging Trust (REIT) in a report on Thursday, September 21st. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of Hold and an average target price of $21.08.

Chatham Lodging Trust (NYSE:CLDT) traded down $0.09 during trading on Thursday, reaching $22.84. The company’s stock had a trading volume of 422,800 shares, compared to its average volume of 477,686. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.86. Chatham Lodging Trust has a twelve month low of $18.66 and a twelve month high of $23.27. The company has a market capitalization of $1,036.32, a P/E ratio of 10.20 and a beta of 1.03.

Chatham Lodging Trust (REIT) (NYSE:CLDT) last released its earnings results on Tuesday, October 31st. The real estate investment trust reported $0.68 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.01. The business had revenue of $81.40 million for the quarter, compared to the consensus estimate of $80.12 million. Chatham Lodging Trust (REIT) had a return on equity of 3.90% and a net margin of 9.03%. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.71 earnings per share. equities analysts expect that Chatham Lodging Trust will post 2.17 EPS for the current fiscal year.

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The company also recently disclosed a monthly dividend, which will be paid on Friday, November 24th. Investors of record on Tuesday, October 31st will be given a dividend of $0.11 per share. This represents a $1.32 dividend on an annualized basis and a yield of 5.78%. The ex-dividend date is Monday, October 30th. Chatham Lodging Trust (REIT)’s dividend payout ratio (DPR) is presently 194.12%.

A number of institutional investors have recently bought and sold shares of the stock. Wells Fargo & Company MN increased its position in Chatham Lodging Trust (REIT) by 42.5% during the third quarter. Wells Fargo & Company MN now owns 60,448 shares of the real estate investment trust’s stock valued at $1,289,000 after acquiring an additional 18,027 shares during the last quarter. Schroder Investment Management Group purchased a new stake in Chatham Lodging Trust (REIT) during the third quarter valued at $112,000. JPMorgan Chase & Co. increased its position in Chatham Lodging Trust (REIT) by 305.4% during the third quarter. JPMorgan Chase & Co. now owns 771,332 shares of the real estate investment trust’s stock valued at $16,444,000 after acquiring an additional 581,076 shares during the last quarter. Legal & General Group Plc increased its position in Chatham Lodging Trust (REIT) by 10.8% during the third quarter. Legal & General Group Plc now owns 169,367 shares of the real estate investment trust’s stock valued at $3,611,000 after acquiring an additional 16,526 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky increased its position in Chatham Lodging Trust (REIT) by 61.4% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 13,400 shares of the real estate investment trust’s stock valued at $286,000 after acquiring an additional 5,100 shares during the last quarter. Institutional investors own 79.14% of the company’s stock.

About Chatham Lodging Trust (REIT)

Chatham Lodging Trust is a real estate investment trust. The Company invests primarily in upscale extended-stay and premium-branded select-service hotels. All of the Company’s assets are held by, and all of its operations are conducted through Chatham Lodging, L.P. (the Operating Partnership). As of December 31, 2016, the Company owned 38 hotels with an aggregate of 5,712 rooms located in 15 states and the District of Columbia.

Analyst Recommendations for Chatham Lodging Trust (REIT) (NYSE:CLDT)

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