Chatham Lodging Trust (NYSE:CLDT) Stock Rating Upgraded by 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 note issued to investors on Thursday,Zacks.com reports.

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

Chatham Lodging Trust Stock Performance

CLDT traded up $0.24 during mid-day trading on Thursday, reaching $12.85. 219,134 shares of the company traded hands, compared to its average volume of 417,050. The stock has a market capitalization of $600.02 million, a P/E ratio of 642.70 and a beta of 1.08. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.30. The company’s fifty day moving average price is $11.61 and its 200-day moving average price is $9.01. Chatham Lodging Trust has a 52-week low of $6.08 and a 52-week high of $13.64.

Institutional Trading of Chatham Lodging Trust

Hedge funds have recently bought and sold shares of the stock. Intech Investment Management LLC increased its position in Chatham Lodging Trust by 9.1% in the third quarter. Intech Investment Management LLC now owns 24,296 shares of the real estate investment trust’s stock worth $163,000 after buying an additional 2,017 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Chatham Lodging Trust by 0.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 615,322 shares of the real estate investment trust’s stock valued at $4,190,000 after buying an additional 2,496 shares in the last quarter. Franklin Resources Inc. grew its stake in shares of Chatham Lodging Trust by 8.4% during the 2nd quarter. Franklin Resources Inc. now owns 34,078 shares of the real estate investment trust’s stock valued at $238,000 after acquiring an additional 2,642 shares during the period. Kennedy Capital Management LLC grew its stake in shares of Chatham Lodging Trust by 0.4% during the 4th quarter. Kennedy Capital Management LLC now owns 804,513 shares of the real estate investment trust’s stock valued at $5,479,000 after acquiring an additional 2,894 shares during the period. Finally, Diversified Trust Co. increased its holdings in Chatham Lodging Trust by 18.6% in the 4th quarter. Diversified Trust Co. now owns 18,861 shares of the real estate investment trust’s stock worth $128,000 after acquiring an additional 2,952 shares in the last quarter. Institutional investors 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.