JMP Securities upgraded shares of Chatham Lodging Trust (REIT) (NYSE:CLDT) from a market perform rating to an outperform rating in a research note published on Monday.

Several other equities analysts have also recently issued reports on CLDT. Zacks Investment Research cut shares of Chatham Lodging Trust (REIT) from a buy rating to a hold rating in a research note on Monday, May 15th. FBR & Co reiterated a hold rating and issued a $20.00 target price on shares of Chatham Lodging Trust (REIT) in a research note on Friday, May 12th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of Hold and a consensus target price of $19.75.

Chatham Lodging Trust (NYSE:CLDT) opened at 20.07 on Monday. Chatham Lodging Trust has a 1-year low of $16.45 and a 1-year high of $21.70. The stock has a market capitalization of $786.10 million, a price-to-earnings ratio of 30.41 and a beta of 1.05. The company has a 50-day moving average of $20.22 and a 200-day moving average of $19.87.

Chatham Lodging Trust (REIT) (NYSE:CLDT) last posted its earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by $0.52. Chatham Lodging Trust (REIT) had a net margin of 8.73% and a return on equity of 3.76%. The firm had revenue of $77.90 million during the quarter, compared to analyst estimates of $77.84 million. During the same quarter in the prior year, the firm earned $0.69 earnings per share. The business’s revenue for the quarter was down .1% on a year-over-year basis. Analysts anticipate that Chatham Lodging Trust will post $0.59 earnings per share for the current fiscal year.

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The company also recently announced a monthly dividend, which will be paid on Friday, September 29th. Investors of record on Thursday, August 31st will be paid a $0.11 dividend. This represents a $1.32 annualized dividend and a dividend yield of 6.58%. The ex-dividend date of this dividend is Tuesday, August 29th. Chatham Lodging Trust (REIT)’s dividend payout ratio is currently 200.00%.

In other Chatham Lodging Trust (REIT) news, Director Robert D. Perlmutter sold 2,566 shares of the company’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $20.37, for a total transaction of $52,269.42. Following the completion of the transaction, the director now directly owns 33,258 shares in the company, valued at $677,465.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 3.60% of the company’s stock.

A number of institutional investors have recently bought and sold shares of CLDT. Northern Trust Corp boosted its position in Chatham Lodging Trust (REIT) by 65.7% in the second quarter. Northern Trust Corp now owns 1,078,405 shares of the real estate investment trust’s stock worth $21,665,000 after buying an additional 427,418 shares in the last quarter. Vanguard Group Inc. boosted its position in Chatham Lodging Trust (REIT) by 8.3% in the second quarter. Vanguard Group Inc. now owns 4,927,364 shares of the real estate investment trust’s stock worth $98,990,000 after buying an additional 376,788 shares in the last quarter. Principal Financial Group Inc. bought a new position in Chatham Lodging Trust (REIT) during the second quarter worth $5,861,000. Bank of New York Mellon Corp boosted its position in Chatham Lodging Trust (REIT) by 90.1% in the second quarter. Bank of New York Mellon Corp now owns 610,776 shares of the real estate investment trust’s stock worth $12,270,000 after buying an additional 289,400 shares in the last quarter. Finally, LSV Asset Management boosted its position in Chatham Lodging Trust (REIT) by 49.1% in the first quarter. LSV Asset Management now owns 801,567 shares of the real estate investment trust’s stock worth $15,830,000 after buying an additional 263,902 shares in the last quarter. Institutional investors own 83.10% of the company’s stock.

About Chatham Lodging Trust (REIT)

Chatham Lodging Trust is a real estate investment trust. The Company invests primarily in upscale extended-stay and premium-branded select-service hotels. All of the Company’s assets are held by, and all of its operations are conducted through Chatham Lodging, L.P. (the Operating Partnership). As of December 31, 2016, the Company owned 38 hotels with an aggregate of 5,712 rooms located in 15 states and the District of Columbia.

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