Chatham Lodging Trust (REIT) (NYSE:CLDT)‘s stock had its “hold” rating restated by equities research analysts at Stifel Nicolaus in a report issued on Thursday. They currently have a $19.50 price target on the real estate investment trust’s stock. Stifel Nicolaus’ price target would indicate a potential downside of 3.66% from the stock’s current price.

CLDT has been the topic of several other reports. JMP Securities raised shares of Chatham Lodging Trust (REIT) from a “market perform” rating to an “outperform” rating in a research report on Monday, August 28th. Zacks Investment Research downgraded shares of Chatham Lodging Trust (REIT) from a “buy” rating to a “hold” rating in a research report on Monday, May 15th. Finally, FBR & Co reissued a “hold” rating and set a $20.00 target price on shares of Chatham Lodging Trust (REIT) in a research report on Friday, May 12th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Chatham Lodging Trust (REIT) currently has an average rating of “Hold” and a consensus target price of $19.88.

Shares of Chatham Lodging Trust (NYSE:CLDT) opened at 20.24 on Thursday. The stock has a market cap of $792.76 million, a P/E ratio of 30.67 and a beta of 1.05. Chatham Lodging Trust has a 12 month low of $16.45 and a 12 month high of $21.55. The stock has a 50 day moving average price of $20.21 and a 200 day moving average price of $19.85.

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

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In other news, Director Robert D. Perlmutter sold 2,566 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $20.37, for a total value of $52,269.42. Following the sale, the director now directly owns 33,258 shares of the company’s stock, valued at $677,465.46. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 3.60% of the company’s stock.

Several large investors have recently modified their holdings of the company. The Manufacturers Life Insurance Company grew its position in shares of Chatham Lodging Trust (REIT) by 0.3% in the second quarter. The Manufacturers Life Insurance Company now owns 29,592 shares of the real estate investment trust’s stock valued at $594,000 after purchasing an additional 102 shares during the last quarter. Nationwide Fund Advisors grew its position in shares of Chatham Lodging Trust (REIT) by 1.7% in the second quarter. Nationwide Fund Advisors now owns 27,280 shares of the real estate investment trust’s stock valued at $548,000 after purchasing an additional 460 shares during the last quarter. BNP Paribas Arbitrage SA grew its position in shares of Chatham Lodging Trust (REIT) by 11.1% in the first quarter. BNP Paribas Arbitrage SA now owns 13,401 shares of the real estate investment trust’s stock valued at $265,000 after purchasing an additional 1,341 shares during the last quarter. Mutual of America Capital Management LLC grew its position in shares of Chatham Lodging Trust (REIT) by 0.8% in the first quarter. Mutual of America Capital Management LLC now owns 192,681 shares of the real estate investment trust’s stock valued at $3,805,000 after purchasing an additional 1,435 shares during the last quarter. Finally, American International Group Inc. grew its position in shares of Chatham Lodging Trust (REIT) by 7.1% in the first quarter. American International Group Inc. now owns 23,115 shares of the real estate investment trust’s stock valued at $457,000 after purchasing an additional 1,532 shares during the last quarter. 83.10% of the stock is currently owned by institutional investors.

Chatham Lodging Trust (REIT) Company Profile

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.

Analyst Recommendations for Chatham Lodging Trust (REIT) (NYSE:CLDT)

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