Brokerages Set Chatham Lodging Trust (CLDT) PT at $21.00

Chatham Lodging Trust (NYSE:CLDT) has been given an average recommendation of “Hold” by the nine ratings firms that are currently covering the firm, MarketBeat reports. Six research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among analysts that have covered the stock in the last year is $21.00.

Several equities research analysts recently weighed in on CLDT shares. Zacks Investment Research upgraded Chatham Lodging Trust from a “hold” rating to a “buy” rating and set a $23.00 target price for the company in a report on Monday, June 4th. ValuEngine upgraded Chatham Lodging Trust from a “hold” rating to a “buy” rating in a report on Saturday, March 17th. Barclays reduced their target price on Chatham Lodging Trust from $23.00 to $22.00 and set an “equal weight” rating for the company in a report on Tuesday, February 27th. Stifel Nicolaus restated a “hold” rating and issued a $20.00 target price on shares of Chatham Lodging Trust in a report on Tuesday, February 27th. Finally, Cantor Fitzgerald set a $20.00 target price on Chatham Lodging Trust and gave the stock a “hold” rating in a report on Thursday, March 1st.

Several hedge funds have recently modified their holdings of the company. Barclays PLC lifted its holdings in shares of Chatham Lodging Trust by 6.8% during the first quarter. Barclays PLC now owns 46,963 shares of the real estate investment trust’s stock worth $899,000 after buying an additional 2,999 shares during the last quarter. Advisor Group Inc. lifted its holdings in shares of Chatham Lodging Trust by 91.0% during the fourth quarter. Advisor Group Inc. now owns 7,652 shares of the real estate investment trust’s stock worth $174,000 after buying an additional 3,645 shares during the last quarter. Great West Life Assurance Co. Can lifted its holdings in shares of Chatham Lodging Trust by 4.7% during the first quarter. Great West Life Assurance Co. Can now owns 85,760 shares of the real estate investment trust’s stock worth $1,642,000 after buying an additional 3,829 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Chatham Lodging Trust by 13.2% during the fourth quarter. The Manufacturers Life Insurance Company now owns 33,479 shares of the real estate investment trust’s stock worth $762,000 after buying an additional 3,909 shares during the last quarter. Finally, Swiss National Bank lifted its holdings in shares of Chatham Lodging Trust by 6.0% during the first quarter. Swiss National Bank now owns 79,000 shares of the real estate investment trust’s stock worth $1,513,000 after buying an additional 4,500 shares during the last quarter. Institutional investors own 87.02% of the company’s stock.

Shares of Chatham Lodging Trust traded up $0.15, hitting $20.70, during trading hours on Friday, according to Marketbeat.com. The stock had a trading volume of 1,498 shares, compared to its average volume of 243,273. Chatham Lodging Trust has a 52 week low of $17.90 and a 52 week high of $23.91. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.39 and a current ratio of 1.39. The stock has a market cap of $946.78 million, a price-to-earnings ratio of 9.64 and a beta of 1.09.

Chatham Lodging Trust (NYSE:CLDT) last posted its earnings results on Tuesday, May 1st. The real estate investment trust reported $0.06 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.29). Chatham Lodging Trust had a return on equity of 3.69% and a net margin of 9.12%. The company had revenue of $74.03 million during the quarter, compared to analyst estimates of $70.78 million. analysts predict that Chatham Lodging Trust will post 1.93 EPS for the current year.

The firm also recently declared a monthly dividend, which will be paid on Friday, July 27th. Stockholders of record on Friday, June 29th will be issued a dividend of $0.11 per share. The ex-dividend date is Thursday, June 28th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 6.38%. Chatham Lodging Trust’s dividend payout ratio (DPR) is presently 61.68%.

About Chatham Lodging Trust

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. The company owns interests in 135 hotels totaling 18,516 rooms/suites, comprised of 40 properties it wholly owns with an aggregate of 6,018 rooms/suites in 15 states and the District of Columbia and a minority investment in two joint ventures that own 95 hotels with an aggregate of 12,498 rooms/suites.

Analyst Recommendations for Chatham Lodging Trust (NYSE:CLDT)

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