Janney Montgomery Scott began coverage on shares of Chatham Lodging Trust (REIT) (NYSE:CLDT) in a report released on Friday morning, MarketBeat.com reports. The brokerage issued a neutral rating and a $21.00 target price on the real estate investment trust’s stock.

Several other research firms also recently issued reports on CLDT. Stifel Nicolaus restated a hold rating and set a $19.50 target price on shares of Chatham Lodging Trust (REIT) in a research report on Thursday, September 7th. JMP Securities upgraded Chatham Lodging Trust (REIT) from a market perform rating to an outperform rating in a research report on Monday, August 28th. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Chatham Lodging Trust (REIT) currently has an average rating of Hold and an average target price of $20.10.

Chatham Lodging Trust (NYSE:CLDT) opened at 20.99 on Friday. The firm has a market capitalization of $822.14 million, a PE ratio of 31.80 and a beta of 1.05. Chatham Lodging Trust has a one year low of $16.45 and a one year high of $21.55. The firm has a 50-day moving average price of $20.25 and a 200 day moving average price of $19.87.

Chatham Lodging Trust (REIT) (NYSE:CLDT) last announced its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $0.13 earnings per share 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 for the quarter, compared to the consensus estimate of $77.84 million. During the same period last year, the company posted $0.69 earnings per share. Chatham Lodging Trust (REIT)’s revenue for the quarter was down .1% on a year-over-year basis. Analysts anticipate that Chatham Lodging Trust will post $0.59 EPS for the current fiscal year.

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The firm also recently disclosed a monthly dividend, which will be paid on Friday, October 27th. Investors of record on Friday, September 29th will be given a $0.11 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 6.29%. Chatham Lodging Trust (REIT)’s dividend payout ratio (DPR) is presently 200.00%.

In related news, Director Robert D. Perlmutter sold 2,566 shares of the stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $20.37, for a total value of $52,269.42. Following the transaction, the director now owns 33,258 shares of the company’s stock, valued at $677,465.46. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 3.60% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Mutual of America Capital Management LLC grew its stake in shares of Chatham Lodging Trust (REIT) by 0.8% during 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 buying an additional 1,435 shares during the last quarter. Great West Life Assurance Co. Can grew its stake in shares of Chatham Lodging Trust (REIT) by 1,268.3% during the second quarter. Great West Life Assurance Co. Can now owns 56,100 shares of the real estate investment trust’s stock valued at $1,126,000 after buying an additional 52,000 shares during the last quarter. Virginia Retirement Systems ET AL grew its stake in shares of Chatham Lodging Trust (REIT) by 117.8% during the second quarter. Virginia Retirement Systems ET AL now owns 71,000 shares of the real estate investment trust’s stock valued at $1,426,000 after buying an additional 38,400 shares during the last quarter. Stifel Financial Corp grew its stake in shares of Chatham Lodging Trust (REIT) by 22.4% during the first quarter. Stifel Financial Corp now owns 395,831 shares of the real estate investment trust’s stock valued at $7,829,000 after buying an additional 72,509 shares during the last quarter. Finally, TIAA CREF Investment Management LLC grew its stake in shares of Chatham Lodging Trust (REIT) by 21.7% during the first quarter. TIAA CREF Investment Management LLC now owns 218,060 shares of the real estate investment trust’s stock valued at $4,307,000 after buying an additional 38,859 shares during the last quarter. 83.07% of the stock is currently owned by institutional investors and hedge funds.

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.

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

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