Chatham Lodging Trust (NYSE:CLDT) Upgraded at Zacks Research

Chatham Lodging Trust (NYSE:CLDT) was upgraded by stock analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Monday, Zacks reports.

Several other equities research analysts also recently commented on CLDT. Morgan Stanley downgraded shares of Chatham Lodging Trust to an “outperform” rating in a research report on Friday, October 16th. 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. Stifel Nicolaus reiterated a “buy” rating and set a $15.50 price target (up from $15.00) on shares of Chatham Lodging Trust in a research note on Friday, October 16th. Wall Street Zen raised Chatham Lodging Trust from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. Finally, Alliance Global Partners reissued a “buy” rating on shares of Chatham Lodging Trust in a report on Tuesday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, 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 $14.52 on Monday. The firm has a fifty day simple moving average of $13.47 and a two-hundred day simple moving average of $10.78. Chatham Lodging Trust has a 12 month low of $6.08 and a 12 month high of $14.73.

Chatham Lodging Trust (NYSE:CLDT) last released its quarterly earnings data on Tuesday, August 4th. The real estate investment trust reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.02. 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. As a group, analysts predict that Chatham Lodging Trust will post 1.35 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. Farther Finance Advisors LLC boosted its holdings in Chatham Lodging Trust by 102.2% during the third quarter. Farther Finance Advisors LLC now owns 1,856 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 938 shares during the last quarter. State of Alaska Department of Revenue lifted its position in shares of Chatham Lodging Trust by 5.6% during the 3rd quarter. State of Alaska Department of Revenue now owns 24,023 shares of the real estate investment trust’s stock worth $320,000 after buying an additional 1,269 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Chatham Lodging Trust by 146.8% during the 3rd quarter. GAMMA Investing LLC now owns 2,335 shares of the real estate investment trust’s stock worth $31,000 after buying an additional 1,389 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new position in shares of Chatham Lodging Trust in the 2nd quarter worth approximately $34,000. Finally, Susquehanna International Group LLP boosted its stake in shares of Chatham Lodging Trust by 19.1% in the 2nd quarter. Susquehanna International Group LLP now owns 20,454 shares of the real estate investment trust’s stock worth $271,000 after buying an additional 3,287 shares during the last quarter. 88.37% of the stock is owned by institutional investors.

About Chatham Lodging Trust

Chatham Lodging Trust was a real estate investment trust that owned and operated upscale hotels and premium-branded select-service hotels in the United States. Its portfolio included properties affiliated with nationally recognized hotel brands, serving business and leisure travelers in urban, suburban and resort-oriented markets.

The company’s lodging portfolio included full-service and select-service hotels operating under brands such as Hilton, Marriott and Hyatt. Chatham focused on acquiring, owning and enhancing hotel properties, while working with third-party management companies to oversee day-to-day operations.

Founded in 2009 and based in New York, Chatham Lodging Trust became a publicly traded company on the New York Stock Exchange in 2010.