Analysts’ Recent Ratings Updates for Chatham Lodging Trust (CLDT)

A number of research firms have changed their ratings and price targets for Chatham Lodging Trust (NYSE: CLDT):

• 5/10/2022 – Chatham Lodging Trust was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Chatham Lodging Trust is a self-advised hotel REIT, formed to invest in premium-branded upscale extended-stay and select-service hotels. The Company intends to invest primarily in hotels in large metropolitan markets in the United States. Chatham Lodging Trust expects that a significant portion of its portfolio will consist of hotels in the upscale extended-stay market, including brands such as Residence Inn by Marriott, Homewood Suites by Hilton and Summerfield Suites by Hyatt. It also intends to invest in premium-branded select-service hotels such as Courtyard by Marriott, Hampton Inn and Hampton Inn and Suites. “
• 5/5/2022 – Chatham Lodging Trust was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 4/26/2022 – Chatham Lodging Trust was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $16.00 price target on the stock. According to Zacks, “Chatham Lodging Trust is a self-advised hotel REIT, formed to invest in premium-branded upscale extended-stay and select-service hotels. The Company intends to invest primarily in hotels in large metropolitan markets in the United States. Chatham Lodging Trust expects that a significant portion of its portfolio will consist of hotels in the upscale extended-stay market, including brands such as Residence Inn by Marriott, Homewood Suites by Hilton and Summerfield Suites by Hyatt. It also intends to invest in premium-branded select-service hotels such as Courtyard by Marriott, Hampton Inn and Hampton Inn and Suites. “
• 4/21/2022 – Chatham Lodging Trust is now covered by analysts at Oppenheimer Holdings Inc.. They set an “outperform” rating and a $19.00 price target on the stock.
• 4/18/2022 – Chatham Lodging Trust was upgraded by analysts at TheStreet from a “d+” rating to a “c-” rating.
• 3/31/2022 – Chatham Lodging Trust is now covered by analysts at StockNews.com. They set a “sell” rating on the stock.

NYSE CLDT opened at $12.04 on Thursday. The company has a current ratio of 1.26, a quick ratio of 3.62 and a debt-to-equity ratio of 0.68. Chatham Lodging Trust has a 1-year low of $11.00 and a 1-year high of $15.12. The company has a 50 day moving average of $13.62 and a 200-day moving average of $13.44. The company has a market cap of $587.61 million, a price-to-earnings ratio of -16.05 and a beta of 1.71.

Chatham Lodging Trust (NYSE:CLDT – Get Rating) last announced its quarterly earnings data on Wednesday, May 4th. The real estate investment trust reported ($0.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.30). Chatham Lodging Trust had a negative net margin of 13.46% and a negative return on equity of 3.73%. During the same quarter in the prior year, the firm earned ($0.15) earnings per share. On average, equities research analysts forecast that Chatham Lodging Trust will post 1.06 earnings per share for the current year.

A number of large investors have recently made changes to their positions in the stock. BlackRock Inc. increased its stake in Chatham Lodging Trust by 2.6% in the fourth quarter. BlackRock Inc. now owns 8,082,477 shares of the real estate investment trust’s stock valued at $110,892,000 after acquiring an additional 206,665 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Chatham Lodging Trust by 241.7% in the fourth quarter. JPMorgan Chase & Co. now owns 3,880,145 shares of the real estate investment trust’s stock valued at $53,236,000 after acquiring an additional 2,744,473 shares during the last quarter. Fuller & Thaler Asset Management Inc. grew its stake in shares of Chatham Lodging Trust by 0.4% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 3,329,996 shares of the real estate investment trust’s stock worth $45,688,000 after buying an additional 13,466 shares during the last quarter. State Street Corp grew its stake in shares of Chatham Lodging Trust by 3.9% during the fourth quarter. State Street Corp now owns 2,290,037 shares of the real estate investment trust’s stock worth $31,419,000 after buying an additional 86,114 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Chatham Lodging Trust by 0.8% during the third quarter. Geode Capital Management LLC now owns 1,026,357 shares of the real estate investment trust’s stock worth $12,572,000 after buying an additional 8,491 shares during the last quarter. 84.83% of the stock is currently owned by institutional investors and hedge funds.

Chatham Lodging Trust is a self-advised, publicly traded real estate investment trust focused primarily on investing in upscale, extended-stay hotels and premium-branded, select-service hotels. At September, 30, 2020, The company owns interests in 86 hotels totaling 12,040 rooms/suites, comprised of 40 properties it wholly owns with an aggregate of 6,092 rooms/suites in 15 states and the District of Columbia and a minority investment in the Innkeepers joint ventures that owns 46 hotels with an aggregate of 5,948 rooms/suites.

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