Chatham Lodging Trust (NYSE:CLDT) Stock Rating Reaffirmed as “Buy” by Stifel Nicolaus

Chatham Lodging Trust (NYSE:CLDT)‘s stock had its “buy” rating reissued by Stifel Nicolaus in a report issued on Friday, Benzinga reports. They presently have a $15.50 target price on the real estate investment trust’s stock, up from their previous target price of $15.00. Stifel Nicolaus’ price target indicates a potential upside of 9.75% from the stock’s previous close.

Several other research analysts have also recently issued reports on the company. Zacks Research cut Chatham Lodging Trust from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 12th. Alliance Global Partners restated a “buy” rating on shares of Chatham Lodging Trust in a research note on Tuesday, August 4th. Weiss Ratings raised shares of Chatham Lodging Trust from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, October 8th. Finally, Wall Street Zen upgraded shares of Chatham Lodging Trust from a “hold” rating to a “buy” rating in a research note on Saturday, August 15th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $13.75.

Chatham Lodging Trust Stock Performance

Shares of CLDT stock opened at $14.12 on Friday. Chatham Lodging Trust has a one year low of $6.08 and a one year high of $14.20. The company’s 50-day moving average is $13.24 and its 200 day moving average is $11.90. The company has a market capitalization of $659.26 million, a price-to-earnings ratio of 11.43 and a beta of 1.11. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.72 and a current ratio of 0.72.

Chatham Lodging Trust (NYSE:CLDT) last posted its earnings results on Tuesday, August 4th. The real estate investment trust reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.02. Chatham Lodging Trust had a return on equity of 1.56% and a net margin of 4.00%. The business had revenue of $87.80 million during the quarter, compared to analyst estimates of $82.01 million. Chatham Lodging Trust has set its FY 2026 guidance at 1.280-1.340 EPS. Sell-side analysts expect that Chatham Lodging Trust will post 1.35 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in CLDT. BlackRock Inc. purchased a new position in shares of Chatham Lodging Trust during the second quarter valued at about $118,707,000. Donald Smith & CO. Inc. purchased a new stake in shares of Chatham Lodging Trust in the second quarter worth about $52,587,000. Bank of America Corp DE bought a new position in Chatham Lodging Trust during the second quarter valued at approximately $4,978,000. Hsbc Holdings PLC purchased a new position in Chatham Lodging Trust during the 2nd quarter valued at approximately $4,537,000. Finally, Bank of New York Mellon Corp bought a new stake in Chatham Lodging Trust in the 2nd quarter worth approximately $2,953,000. Institutional investors own 88.37% of the company’s stock.

Chatham Lodging Trust Company Profile

Chatham Lodging Trust was a self-advised lodging real estate investment trust that owned a portfolio of upscale, premium-branded select-service and extended-stay hotels in the United States. Its properties primarily operated under franchise agreements with major hospitality companies, including Marriott International, Hilton, Hyatt Hotels and InterContinental Hotels Group.

The company’s hotel portfolio included brands such as Courtyard by Marriott, Residence Inn, Homewood Suites, Hampton Inn and Hyatt Place.