Chatham Lodging Trust (NYSE:CLDT) Rating Lowered to Hold at Zacks Research

Chatham Lodging Trust (NYSE:CLDT) was downgraded by investment analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report issued on Wednesday,Zacks.com reports.

A number of other brokerages also recently issued reports on CLDT. BMO Capital Markets reissued a “market perform” rating and set a $12.00 price objective on shares of Chatham Lodging Trust in a research report on Friday, June 12th. Alliance Global Partners reaffirmed a “buy” rating on shares of Chatham Lodging Trust in a research note on Tuesday, August 4th. Stifel Nicolaus increased their target price on shares of Chatham Lodging Trust from $13.00 to $14.00 and gave the stock a “buy” rating in a research note on Tuesday, July 14th. Finally, Weiss Ratings upgraded shares of Chatham Lodging Trust from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, August 6th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $13.00.

Chatham Lodging Trust Stock Performance

NYSE:CLDT opened at $12.89 on Wednesday. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.72 and a quick ratio of 0.72. The firm has a market capitalization of $601.75 million, a price-to-earnings ratio of 161.16 and a beta of 1.08. The company’s 50-day moving average is $13.01 and its two-hundred day moving average is $10.08. Chatham Lodging Trust has a 1-year low of $6.08 and a 1-year high of $13.88.

Chatham Lodging Trust (NYSE:CLDT) last announced its quarterly earnings results on Tuesday, August 4th. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.02. Chatham Lodging Trust had a net margin of 4.00% and a return on equity of 1.56%. The business had revenue of $87.80 million during the quarter, compared to the consensus estimate of $82.01 million. Chatham Lodging Trust has set its FY 2026 guidance at 1.280-1.340 EPS. Analysts forecast that Chatham Lodging Trust will post 1.33 EPS for the current year.

Hedge Funds Weigh In On Chatham Lodging Trust

Several institutional investors have recently modified their holdings of the business. Tower Research Capital LLC TRC increased its position in shares of Chatham Lodging Trust by 195.0% during 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 acquiring an additional 3,858 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of Chatham Lodging Trust by 1,071.1% in the first quarter. PNC Financial Services Group Inc. now owns 6,652 shares of the real estate investment trust’s stock valued at $52,000 after acquiring an additional 6,084 shares in the last quarter. Advisory Services Network LLC purchased a new position in Chatham Lodging Trust in the third quarter valued at $52,000. Quarry LP boosted its holdings in Chatham Lodging Trust by 61.9% in the third quarter. Quarry LP now owns 8,629 shares of the real estate investment trust’s stock valued at $58,000 after purchasing an additional 3,300 shares during the period. Finally, Strs Ohio acquired a new position in Chatham Lodging Trust during the 1st quarter worth $61,000. 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.