Chatham Lodging Trust (NYSE:CLDT) has been assigned a consensus rating of “Hold” from the seven ratings firms that are currently covering the company. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $19.60.

CLDT has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded shares of Chatham Lodging Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, January 4th. Barclays PLC reiterated a “hold” rating and issued a $21.00 target price on shares of Chatham Lodging Trust in a research note on Tuesday, February 14th. Stifel Nicolaus lifted their target price on shares of Chatham Lodging Trust to $19.00 in a research note on Thursday, February 23rd. Cantor Fitzgerald reiterated a “hold” rating and issued a $18.00 target price on shares of Chatham Lodging Trust in a research note on Thursday, February 23rd. Finally, TheStreet upgraded shares of Chatham Lodging Trust from a “hold” rating to a “buy” rating in a research note on Tuesday, December 20th.

Hedge funds have recently made changes to their positions in the stock. Stifel Financial Corp boosted its stake in shares of Chatham Lodging Trust by 4.5% in the second quarter. Stifel Financial Corp now owns 190,742 shares of the company’s stock valued at $4,192,000 after buying an additional 8,228 shares during the last quarter. Hillsdale Investment Management Inc. acquired a new stake in shares of Chatham Lodging Trust during the second quarter valued at approximately $123,000. Schwab Charles Investment Management Inc. boosted its stake in shares of Chatham Lodging Trust by 1.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 133,931 shares of the company’s stock valued at $2,944,000 after buying an additional 2,340 shares during the last quarter. Foster & Motley Inc. boosted its stake in shares of Chatham Lodging Trust by 5.3% in the third quarter. Foster & Motley Inc. now owns 112,747 shares of the company’s stock valued at $2,170,000 after buying an additional 5,645 shares during the last quarter. Finally, Mizuho Trust & Banking Co. Ltd. boosted its stake in shares of Chatham Lodging Trust by 26.7% in the third quarter. Mizuho Trust & Banking Co. Ltd. now owns 9,548 shares of the company’s stock valued at $184,000 after buying an additional 2,010 shares during the last quarter. Institutional investors and hedge funds own 85.17% of the company’s stock.

Shares of Chatham Lodging Trust (NYSE:CLDT) opened at 19.49 on Tuesday. The company has a market cap of $745.61 million, a P/E ratio of 24.06 and a beta of 0.98. Chatham Lodging Trust has a 52 week low of $16.45 and a 52 week high of $24.80. The company’s 50-day moving average price is $20.08 and its 200 day moving average price is $19.69.

The firm also recently disclosed a monthly dividend, which will be paid on Friday, April 28th. Shareholders of record on Friday, March 31st will be paid a dividend of $0.11 per share. This represents a $1.32 annualized dividend and a yield of 6.77%. The ex-dividend date is Wednesday, March 29th. Chatham Lodging Trust’s payout ratio is 155.30%.

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About Chatham Lodging Trust

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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