Cantor Fitzgerald cut shares of Chatham Lodging Trust (NYSE:CLDT) from a buy rating to a hold rating in a research report sent to investors on Wednesday.

Several other research analysts have also recently commented on CLDT. Zacks Investment Research cut shares of Chatham Lodging Trust from a hold rating to a sell rating in a report on Thursday, August 4th. SunTrust Banks Inc. decreased their target price on shares of Chatham Lodging Trust from $20.00 to $19.00 and set a neutral rating for the company in a report on Thursday, August 4th. Barclays PLC set a $19.00 target price on shares of Chatham Lodging Trust and gave the stock a hold rating in a report on Tuesday. Finally, FBR & Co decreased their target price on shares of Chatham Lodging Trust from $23.00 to $22.00 and set a hold rating for the company in a report on Tuesday. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus price target of $22.42.

Shares of Chatham Lodging Trust (NYSE:CLDT) traded up 0.67% during trading on Wednesday, reaching $18.02. 114,638 shares of the company’s stock were exchanged. The firm has a market capitalization of $689.10 million, a PE ratio of 20.27 and a beta of 1.03. Chatham Lodging Trust has a 52 week low of $16.12 and a 52 week high of $24.80. The company’s 50-day moving average price is $19.67 and its 200 day moving average price is $21.26.

Chatham Lodging Trust (NYSE:CLDT) last posted its quarterly earnings data on Wednesday, August 3rd. The company reported $0.69 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.71 by $0.02. Chatham Lodging Trust had a net margin of 11.72% and a return on equity of 4.93%. The business had revenue of $78 million for the quarter, compared to the consensus estimate of $78.81 million. During the same quarter last year, the business posted $0.71 EPS. The business’s revenue for the quarter was up 7.7% on a year-over-year basis. Analysts predict that Chatham Lodging Trust will post $2.30 EPS for the current fiscal year.

The business also recently declared a monthly dividend, which will be paid on Friday, November 25th. Shareholders of record on Monday, October 31st will be issued a dividend of $0.11 per share. The ex-dividend date of this dividend is Thursday, October 27th. This represents a $1.32 annualized dividend and a yield of 7.37%. Chatham Lodging Trust’s dividend payout ratio (DPR) is presently 150.00%.

A number of institutional investors have recently made changes to their positions in the stock. State Board of Administration of Florida Retirement System increased its position in shares of Chatham Lodging Trust by 0.4% in the second quarter. State Board of Administration of Florida Retirement System now owns 38,775 shares of the company’s stock valued at $852,000 after buying an additional 165 shares during the period. Phocas Financial Corp. increased its position in shares of Chatham Lodging Trust by 1.3% in the first quarter. Phocas Financial Corp. now owns 13,397 shares of the company’s stock valued at $287,000 after buying an additional 174 shares during the period. Mizuho Trust & Banking Co. Ltd. increased its position in shares of Chatham Lodging Trust by 6.5% in the second quarter. Mizuho Trust & Banking Co. Ltd. now owns 7,538 shares of the company’s stock valued at $166,000 after buying an additional 460 shares during the period. TIAA CREF Investment Management LLC increased its position in shares of Chatham Lodging Trust by 0.3% in the first quarter. TIAA CREF Investment Management LLC now owns 186,888 shares of the company’s stock valued at $4,005,000 after buying an additional 481 shares during the period. Finally, Teacher Retirement System of Texas increased its position in shares of Chatham Lodging Trust by 13.7% in the second quarter. Teacher Retirement System of Texas now owns 5,371 shares of the company’s stock valued at $118,000 after buying an additional 647 shares during the period. Institutional investors own 83.95% of the company’s stock.

Chatham Lodging Trust Company Profile

Chatham Lodging Trust is a real estate investment trust (REIT) organized to invest primarily in premium-branded upscale extended-stay and select-service hotels. The Company’s assets are held by, and all of its operations are conducted through Chatham Lodging, L.P (Operating Partnership). The Operating Partnership and its subsidiaries lease the Company’s hotels.

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